Cavalry SPV I LLC

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

Your next steps

What to do if Cavalry SPV I LLC is suing you

1. 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. 2
   Demand proof of ownershipCavalry SPV I LLC must prove a valid, unbroken chain of assignment from your original creditor. In your Answer, raise lack of standing and require the plaintiff to produce the bill of sale and account-level documentation.
3. 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. 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.

Frequently asked questions

Common questions about Cavalry SPV I LLC

• Who is Cavalry SPV I LLC?

  Cavalry SPV I LLC is a debt buyer based in Valhalla, New York, 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.

State defense guides

Sued by Cavalry SPV I LLC? Find your state