Settle Debt with Cavalry SPV: Complete Guide

Cavalry SPV is calling, and you have no idea who they are. You’re wondering how they got your number and why they’re contacting you.

Cavalry SPV ranks among the nation’s largest debt purchasers. They buy old debts from major banks like Wells Fargo and CitiBank for pennies on the dollar.

Settle Your Cavalry SPV Debt for Less

Stop stressful calls from Cavalry SPV. Our partner Solo negotiates settlements and processes payments securely, protecting your financial information. Most customers settle for 40-60% of what they owe.

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Creditors sell these unpaid accounts to avoid collection costs. Selling generates some income while eliminating the hassle of chasing consumers for money.

Cavalry Portfolio Services, LLC, a subsidiary, handles most collection activities. You can settle your debt with Cavalry SPV at any stage of the lawsuit process.

Validate Your Debt First

Many consumers skip this crucial step. By law, debt collectors must prove you owe the money.

The Consumer Financial Protection Bureau gives you 30 days to request verification. Cavalry SPV must stop collection activities until they provide proof.

You can demand specific information to validate the debt:

Proof you actually owe the money
Current debt amount with itemized charges
Date of your last transaction
Statute of limitations calculation
Their collection license for your state

Send a written validation request immediately. Ask them to report to credit bureaus that you’re disputing the debt.

Sometimes Cavalry SPV can’t provide the necessary documentation. Debt buyers purchase thousands of accounts without complete records. If they can’t validate your debt, they’ll likely drop the case.

Validation protects you from paying debts you don’t owe. Send your request within 30 days of their first contact.

Set Up a Payment Plan

Cavalry SPV validated your debt, and the statute of limitations hasn’t passed. A payment plan might work if you can’t pay in full.

Never give Cavalry SPV direct access to your checking account. Some collectors make unauthorized withdrawals when they have your banking information.

Tell them what you can afford monthly. Get the agreement in writing before making any payments.

Use a separate prepaid debit card for payments. Load only enough money to cover your monthly obligation. Your primary bank account stays protected from unauthorized charges.

Stick to your payment schedule. Missing payments allows Cavalry SPV to resume aggressive collection activities.

Respond to the Lawsuit Immediately

Cavalry SPV filed a lawsuit against you. Your first move: file an Answer to their Complaint.

Your Answer addresses each claim they make. Mail copies to both Cavalry SPV and the court handling your case.

Filing an Answer prevents a default judgment. The judge must review your response and give you time to present your case.

Our partner Solo helps you create a proper Answer document. You can respond to any debt lawsuit, even without legal experience.

Missing your deadline gives Cavalry SPV an automatic win. They can garnish your wages and freeze your bank accounts.

Calculate Your Settlement Offer

Determine how much you can afford in a lump sum. Debt collectors often accept 40-60% of the total balance.

For a $1,000 debt, offer $600 to settle. Start lower than your maximum to leave room for negotiation.

Review your finances honestly. Only offer amounts you can actually pay within 30 days.

Settlement saves Cavalry SPV time and legal costs. They bought your debt for a fraction of what you owe.

Negotiate Your Settlement

Send Cavalry SPV a clear settlement offer via email:

“I see you’re suing me for [$1,000] for [case number]. I don’t have that amount and dispute the balance. I can pay [$600] within 30 days to settle this debt in full. Please confirm if you accept.”

Expect counteroffers. Cavalry SPV will try to get more money from you.

Stay firm on your maximum amount. Don’t agree to pay more than you can afford.

Negotiations typically take several days or weeks. Be patient but persistent.

Our partner Solo handles the entire negotiation process for you. You avoid stressful phone calls with aggressive collectors.

Get Everything in Writing

Never pay without a written settlement agreement. Verbal promises mean nothing in debt collection.

Your agreement must specify the settlement amount and payment terms. It should state that payment settles the debt in full.

Save all documentation. You’ll need proof if Cavalry SPV tries to collect again later.

Make payments exactly as agreed. Breaking the terms allows them to sue you for the full amount.

Request a satisfaction letter after your final payment. Documentation protects you from future collection attempts.

Protect Your Financial Information

Never give Cavalry SPV access to your primary bank account. Use prepaid cards or money orders instead.

Debt collectors sometimes make unauthorized withdrawals. Protecting your banking details prevents financial disasters.

Consider having a third party process your settlement payment. You avoid sharing sensitive financial information with collectors.

Understand Your Rights

Cavalry SPV must follow federal and state debt collection laws. They can’t harass you or make false threats.

You have the right to stop phone calls. Send a written request telling them to contact you by mail only.

Document every interaction with Cavalry SPV. Keep records of calls, letters, and emails.

Report violations to the Consumer Financial Protection Bureau. Illegal collection tactics give you leverage in settlement negotiations.

Consider Professional Help

Settling debt with Cavalry SPV feels overwhelming. You don’t have to handle everything alone.

Our partner Solo provides tech-based debt settlement services. The platform sends offers, negotiates terms, and processes payments securely.

Professional help protects your rights throughout the process. You get better settlement terms while avoiding collector harassment.

Real customers report significant savings and reduced stress. One user settled their debt at 60% of the original balance.

Act Before Your Court Date

Time works against you in debt lawsuits. Cavalry SPV won’t make settlement easier as your court date approaches.

Start negotiations immediately after filing your Answer. Early settlement saves you from court appearances and potential judgments.

Missing your court date guarantees you’ll lose. Default judgments allow wage garnishment and bank account levies.

Cavalry SPV prefers settlement over trial. Lawsuits cost them money and time with uncertain outcomes.

Your filed Answer gives you negotiating power. Show them you’re prepared to fight, but willing to settle reasonably.

Frequently Asked Questions

What is Cavalry SPV and why are they contacting me?

Cavalry SPV is one of the nation's largest debt buyers. They purchase old, unpaid debts from major banks and creditors like Wells Fargo and CitiBank. If they're contacting you, they bought a debt that has your name on it. You have the right to request validation of this debt within 30 days of their first contact.

How do I validate a debt with Cavalry SPV?

Send Cavalry SPV a written debt validation letter within 30 days of their first contact. Request proof you owe the debt, the current amount, your last transaction date, statute of limitations calculation, and their collection license for your state. They must stop collection activities until they provide this documentation. If they can't validate the debt, they typically drop the case.

Can I settle with Cavalry SPV for less than I owe?

Yes, Cavalry SPV typically accepts 40-60% of the debt balance in a lump-sum settlement. They bought your debt for pennies on the dollar, so settling saves them legal costs. Start your offer lower than your maximum to leave room for negotiation. Always get the settlement agreement in writing before making any payment.

What happens if I don't respond to a Cavalry SPV lawsuit?

Failing to respond results in a default judgment against you. Cavalry SPV automatically wins and can garnish your wages, freeze your bank accounts, and place liens on your property. File an Answer to the lawsuit immediately to prevent default and maintain your ability to negotiate a settlement.

How do I protect my bank account when dealing with Cavalry SPV?

Never give Cavalry SPV direct access to your primary checking account. Use a separate prepaid debit card loaded with only your payment amount. Some collectors make unauthorized withdrawals when they have banking information. Consider using a third-party service to process settlement payments and protect your financial details.

How to Settle Debt with Cavalry SPV and Win Your Case