Who is Cavalry SPV I, LLC?
Cavalry SPV I buys consumer debt and collects through Cavalry Portfolio Services. As with any buyer, ownership of your specific account is something they have to prove.
They bought your debt, and that matters
A debt buyer has to prove it actually owns your specific account. That means an unbroken paper trail from the bank that opened it, all the way to them. This is where these cases most often fall apart, because the paperwork frequently does not exist in the form a court requires.
What tends to matter in these cases
- Ask for the purchase agreement and the schedule identifying your account.
- Test whether their witness has personal knowledge of your account.
- Confirm the balance, including any interest added after charge-off.
What to do right now
- 1
Find your deadline
It counts from the day you were served, not the date on the paperwork. Write it on a calendar today.
- 2
File an Answer
This is the document that stops them winning by default and forces them to prove their case.
- 3
Make them prove they own it
Use discovery to demand the original agreement and the complete chain of ownership.
Common questions about Cavalry
What happens if I ignore a lawsuit from Cavalry?
Cavalry can ask the court to rule against you without a hearing. This is called a default judgment. After that, they may be able to take money from your paycheck or your bank account. Ignoring the papers is the most expensive thing you can do.
How long do I have to respond to Cavalry?
Most courts give you 14 to 30 days from the day you were served. The exact number is usually printed on your summons. The clock starts when the papers reached you, not when you opened them. Call the court clerk to confirm your date.
Why is Cavalry suing me? I never had an account with them.
Cavalry is a debt buyer. It bought your old account from the company you first owed, usually along with thousands of other accounts. Now it is suing in its own name. It is allowed to do that, but it has to prove it owns your account.
Does Cavalry have to prove I owe the money?
Yes. Cavalry has to prove you had the account, how much is owed, and that it owns your account now. When you file an Answer, you can make them show their papers. Records often get lost when accounts are sold.
Does calling Cavalry stop my deadline?
No. Talking to Cavalry or its law firm, even agreeing to a payment plan over the phone, does not stop the court's clock. Only the court can change your deadline. File your Answer on time, and get any deal in writing.
Can Cavalry garnish my wages?
Not just because you owe money. First Cavalry has to win in court. That is called a judgment. Filing your Answer on time stops them from winning automatically. If they do win, federal law usually limits wage garnishment to 25% of your pay after taxes, and some states allow less.
Is the debt too old for Cavalry to sue?
Maybe. Every state sets a time limit for suing over a debt, often three to six years. The limit depends on your state and the type of account. If time has run out, you have to say so in your Answer. The court will not raise it for you. Careful: in some states, making a payment can restart the clock.
Can I settle with Cavalry?
Often, yes. Many debt lawsuits end with a deal to pay less than the full amount. Filing your Answer first usually helps, because it shows you will not just lose by default. Get every settlement in writing before you pay anything.
Sued by someone else?
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