How to Resolve a Cavalry SPV I LLC Debt Lawsuit

Cavalry SPV I LLC contacts you about a debt you don’t recognize. You feel confused and worried. You never borrowed money from Cavalry. So why do they claim you owe them?

Cavalry SPV I LLC is a debt buyer. They purchase charged-off debts from original creditors at steep discounts. Then they attempt to collect the full amount from you. They pay pennies on the dollar and profit when you pay.

If Cavalry has sued you, you need to respond quickly. Ignoring the lawsuit leads to a default judgment against you. Our partner Solo helps you fight back and settle your debt before court.

What Is Cavalry SPV I LLC?

Cavalry SPV I LLC (also called Cavalry Portfolio Services) buys debts in bulk. They purchase these debts from credit card companies and lenders. They pay a fraction of what you owe. Then they sue consumers to collect the full amount.

You may receive multiple phone calls and letters from Cavalry. You might even get served with a lawsuit. Don’t panic. Our partner Solo provides resources to help you respond effectively.

One important note: spell the name correctly. It’s Cavalry, not Calvary. The ‘v’ comes before the ‘r’. Courts take you more seriously when you get the details right.

Your Rights When Cavalry SPV I LLC Contacts You

The Fair Debt Collection Practices Act (FDCPA) protects you from abusive collection tactics. Cavalry SPV must follow strict rules when contacting you. Know your rights to protect yourself.

What Cavalry SPV Cannot Do

Under federal law, Cavalry SPV I LLC cannot:

• Use vulgar, offensive, or threatening language during phone calls
• Threaten you with legal action they don’t intend to take
• Call you before 8:00 AM or after 9:00 PM
• Call you repeatedly to harass or annoy you
• Contact you at work if your employer prohibits such calls
• Falsely claim to be attorneys or misrepresent the debt amount
• Discuss your debt with anyone except you, your spouse, or your attorney

If Cavalry violates these rules, document everything. You may have grounds to countersue them. Many consumers have successfully fought back against abusive debt collectors.

How to Respond to a Cavalry SPV I LLC Lawsuit

Cavalry SPV files a formal Complaint when they sue you. They must legally serve you with a copy of this Complaint. Once served, the clock starts ticking on your response deadline.

You must file an Answer to the lawsuit. Your Answer is your formal written response to the court. Most states give you 20 to 30 days to file.

Steps to Draft Your Answer

Follow these steps to protect yourself:

• Never admit you owe the debt in your Answer
• File your Answer with the Clerk of Court before the deadline
• Mail a copy of your filed Answer to Cavalry SPV I LLC
• Contact the opposing attorney to discuss settlement options

Cavalry bears the burden of proof. They must prove you owe the debt. They must prove they have the legal right to sue you. They must prove the exact amount you allegedly owe.

If Cavalry lacks sufficient evidence, you can win in court. Our partner Solo helps you draft a winning Answer and negotiate settlements.

Raise These Affirmative Defenses Against Cavalry Portfolio Services

Your Answer gives you the chance to challenge Cavalry’s lawsuit. You can highlight weaknesses in their case. Remember, they must prove their case, not you.

Check the Statute of Limitations

Every state has a statute of limitations on debt collection. The statute sets a deadline for filing lawsuits. If Cavalry sues you after this deadline expires, their lawsuit is invalid.

Research your state’s statute of limitations on debt. Include this as an affirmative defense in your Answer. If the statute has expired, file a motion to dismiss the lawsuit.

For more information on statutes of limitations, see our guide at talkaboutdebt.ai/learn/debt-lawsuits/statute-of-limitations-on-debt-collection.

6 Tips for Drafting a Winning Answer

You don’t need an expensive attorney to draft your Answer. You can represent yourself effectively. Follow these six tips to create a strong response:

1. Keep Your Answer Concise

Your Answer isn’t the place to tell your full story. Save detailed explanations for later. Stick to responding to each claim in the Complaint.

2. Deny Claims You Don’t Fully Understand

When in doubt, deny. You can deny claims or state you lack sufficient knowledge. Force Cavalry to prove their case.

3. Include Affirmative Defenses

List all applicable defenses. Include statute of limitations, lack of standing, and failure to state a claim. Affirmative defenses strengthen your position.

4. Use Standard Court Formatting

Follow your court’s formatting rules. Use proper margins, font size, and spacing. Include case numbers and party names correctly.

5. Include a Certificate of Service

Your Answer needs a certificate of service. Document that you mailed a copy to Cavalry’s attorney. Include the date and method of delivery.

6. Sign Your Answer

Sign and date your Answer. Unsigned documents get rejected by courts. Your signature validates your response.

Remember, filing an Answer prevents a default judgment. But it doesn’t automatically resolve the lawsuit. You must still attend all scheduled court hearings. Missing court leads to an automatic judgment against you.

How Much Will Cavalry SPV Settle For?

Cavalry purchases debts for pennies on the dollar. They typically settle for less than the original balance. Most debt buyers operate this way to maximize profit.

After filing your Answer, contact Cavalry to negotiate a settlement. Be honest about your financial situation. Never agree to payment terms you can’t afford. Broken settlement agreements create more problems.

Settlement Negotiation Strategies

Start with a low offer, around 25% to 40% of the balance. Cavalry often accepts 50% to 70% of the debt. Document everything in writing before paying anything.

Get a settlement agreement in writing before you pay. The agreement should state the settlement amount discharges the full debt. Never provide bank account information during initial negotiations.

Our partner Solo uses technology to streamline settlement negotiations. The platform sends and receives offers until you reach an agreement. Then it manages documentation and payment transfers securely.

What Happens After You Settle With Cavalry

Once you settle, get written confirmation from Cavalry. The letter should confirm the debt is satisfied. Keep this documentation forever. You may need it if errors appear on your credit report.

Cavalry must report the settled account to credit bureaus. The account should show as “settled” or “paid in full for less than owed.” Check your credit reports after 30 to 60 days.

If Cavalry continues collection attempts after settlement, you have legal recourse. Document any violations and consult an attorney. Debt collectors face penalties for pursuing settled debts.

Protect Yourself From Future Cavalry SPV Lawsuits

Prevention beats defense every time. Take these steps to avoid future debt collection lawsuits:

• Monitor your credit reports regularly for errors and unknown accounts
• Respond to collection letters within 30 days to request debt validation
• Keep records of all communications with debt collectors
• Never ignore lawsuits or court summons
• Consider credit counseling if you’re struggling with multiple debts

Stay proactive about your finances. Address debts before they reach the lawsuit stage. Early action gives you more negotiating power and options.