Also known as: Cavalry Portfolio Services, Cavalry SPV
Quick answer
If Cavalry SPV I LLC is suing you, start with the deadline and proof path.
Cavalry SPV I LLC still has to connect the lawsuit to your account, the claimed amount, and the state deadline. The safest first step is to check the response window before reading deeper background.
Check first: state, court type, service date, plaintiff name, and any hearing or return date.
Then: review whether the papers show ownership, account records, amount, and timeliness.
Greenwich, CTFounded 1998Debt buyer and collectorMajor national buyerCFPB enforcement history
Cavalry SPV I LLC is a Connecticut-based debt buyer that purchases charged-off consumer debt portfolios — primarily credit-card accounts — from major banks and financial institutions. Cavalry Portfolio Services LLC serves as its affiliated servicer. Cavalry is known for high-volume debt-collection litigation across the United States and has faced significant regulatory scrutiny for its collection practices.
Corporate structure
Who owns Cavalry SPV I LLC?
Cavalry SPV I LLC is an independent debt buyer with no publicly documented parent company.
Common original creditors whose accounts Cavalry SPV I LLC has purchased include: Citibank, HSBC, Bank of America, Chase, Capital One, GE Money Bank, Washington Mutual.
Regulatory history
CFPB and regulatory enforcement
Enforcement record
In 2015, the CFPB took action against Cavalry Portfolio Services and related Cavalry entities for using false statements in debt-collection lawsuits and collecting on time-barred debts without required disclosures. The enforcement action resulted in approximately $92 million in consumer relief and a $10 million civil money penalty.
Your next steps
What to do if Cavalry SPV I LLC is suing you
1
Find your deadline immediatelyYou have a limited number of days to file your Answer after being served — typically 20 to 35 days depending on your state. Missing this deadline results in a default judgment. Check your state’s guide for the exact deadline.
2
Review proof of ownershipCavalry SPV I LLC generally needs evidence connecting your account from the original creditor to the named plaintiff. Your Answer and follow-up documents can preserve standing and chain-of-title issues for review.
3
Check the statute of limitationsDebt buyers sometimes sue on old accounts. If the limitations period in your state has run since your last payment or the charge-off date, you may have a complete defense. Look up the state guide for your jurisdiction.
4
File your Answer — even if you plan to settleFiling a timely Answer preserves all your defenses and gives you leverage to negotiate a better settlement. Do not ignore the lawsuit expecting it to go away. See your state’s defense guide.
Product preview
Start with the Answer. Add the scan when you need more.
Two core choices: File-Ready Answer Packet - $60 for the Answer PDF, filing checklist, service checklist, download access, and reminders; or Defense Workspace - $99 when you also want proof-challenge workflows and next-step tools for Cavalry SPV I LLC cases.
Cavalry SPV I LLC is a debt buyer based in Greenwich, Connecticut, that purchases charged-off credit-card and other consumer debts from major banks. Its affiliated servicer, Cavalry Portfolio Services LLC, manages collections and litigation. Cavalry is one of the more litigious debt buyers nationally.
Why is Cavalry SPV I LLC suing me?
Cavalry purchased your charged-off account from a bank or financial institution and is now using the court system to collect. Cavalry is known for filing a high volume of collection lawsuits and pursuing cases aggressively.
What was the CFPB action against Cavalry?
In 2015, the CFPB took action against Cavalry Portfolio Services and related entities for making false statements in court filings and collecting on time-barred debts without required disclosures. The enforcement action resulted in approximately $92 million in consumer relief and a $10 million civil money penalty.
Can I use the statute of limitations as a defense against Cavalry?
Yes — and it is particularly relevant here. The 2015 CFPB enforcement action found that Cavalry collected on time-barred debts without disclosing they were past the limitations period. If your debt is old, carefully check the limitations period in your state and raise it as an affirmative defense in your Answer.
How do I challenge Cavalry's right to sue me?
Raise lack of standing as an affirmative defense, requiring Cavalry to produce a complete chain of assignment from the original creditor. Courts have dismissed Cavalry cases where the plaintiff could not produce account-level documentation showing a valid, unbroken assignment.
What happens if I ignore a Cavalry lawsuit?
A default judgment will be entered against you, which Cavalry can then use to garnish wages or levy bank accounts. Filing a timely Answer — denying the claim and raising your defenses — is essential to protecting yourself even if you ultimately intend to negotiate a settlement.
Answered helps you find your deadline, identify possible issues in the plaintiff’s papers, and draft a filing-formatted Answer.File-Ready Answer Packet - $60. Defense Workspace - $99.