Have you been harassed by a company known as Cavalry SPV? Do you have any idea who this company is or how it obtained your information? You’re not alone if this is the case. Cavalry SPV is one of the nation’s largest debt buyers. The company regularly purchases old obligations from large banks and creditors, such as Wells Fargo and Citibank.
In many cases, creditors sell old, unpaid obligations to debt collectors like Cavalry SPV for some income, even if the debt sale is significantly less than the debtor owes. Creditors can also avoid the costs of collection activities, which can quickly add up and yield little return.
To collect money from unsuspecting consumers, Cavalry SPV often engages in underhanded methods.
The majority of the group’s debt collection activities are handled by Cavalry Portfolio Services, LLC. Are you wondering how to settle your Cavalry SPV debt? The following options are available to you.
Ask Cavalry SPV For Debt Validation

Even though it may seem simple, many people do not take the time to require debt collectors to validate their debts. Under the law, all debt collectors are required to send consumers a letter that introduces themselves and outlines their fundamental rights.
The Consumer Financial Protection Bureau (CFPB) provides consumers with the right to request verification of their debts as one of their most basic rights. Currently, consumers have 30 days to request proof that they owe the debt and that the debt collector retains ownership of the obligation.
To validate the debt, consumers can request specific details from Cavalry SPV, such as:
- The consumer must provide proof that the debt is owed
- Debt currently owed
- The last time the consumer made a debt-related transaction
- Calculation of the statute of limitations for a debt
- The state license for Cavalry SPV’s debt collection
Cavalry SPV cannot pursue collection activities against you once you submit your debt validation letter until you provide them with the proof you request. Cavalry SPV can also inform collection bureaus that you are disputing the debt.
Cavalry SPV may not have the information required to prove you owe the debt in certain circumstances. If that is the case, you are unlikely to hear from them again. You should keep in mind that debt collectors often purchase old accounts by the thousands. The collection agency does not always receive enough supporting information from creditors to validate the obligations they purchase.
In the event Cavalry SPV validates the debt, you will have to resolve the problem using other methods.
Negotiate A Payment Plan With The Company

Cavalry SPV may be able to validate your debt if the statute of limitations has not expired. You may be able to work out a payment plan with the company if you are unable to make the full payment.
If you decide to set up a payment plan with Cavalry SPV, you will want to protect your payment information. Consumers’ accounts have been debited arbitrarily by some debt collectors when they have their payment information on file.
To set up a payment plan with Cavalry SPV, tell them how much you can afford to pay each month. The ideal solution would be to contribute more than the minimum amount specified in your payment plan to resolve your debt, but an agreement protects you from matters escalating further.
As soon as your payment plan has been established, you can make monthly payments using a prepaid debit card or similar instrument. You should keep your prepaid card separate from your regular bank account, and only transfer enough funds to cover your regular payments. Cavalry SPV cannot unexpectedly charge your card for cash that you do not possess.
Try To Settle Your Cavalry SPV Debt Before Going To Court

When Cavalry SPV files a lawsuit against you to collect an old debt, you must step up your defense.
In response to their complaint, the first step should be to provide an answer. All of their grievances should be addressed in your response. In addition to Cavalry SPV, you should also send your answer to the court that has jurisdiction over your case.
While the goal is to settle your debt before your court date, filing an Answer will protect you from a possible default judgment. The judge must read your answer and allow you to present your argument as long as you are unable to settle the debt before the court date.
It is now necessary to determine what amount Cavalry SPV is willing to accept as a settlement. It is ideal to offer at least 60% of the total obligation. You may offer Cavalry SPV $600 in settlement of a debt of $1,000.
If I Want To Negotiate With Cavalry SPV, How Do I Get Started?
Please send the following email message to them:
“I see you’re suing me for [$1,000] for [case number]. I don’t have that kind of money and I don’t agree with the amount. But I do have [$600] that I can pay within 30 days to settle the debt in full. Let me know if you accept.”
It will then just be a matter of waiting for a response, as the company may need a few days to consider your proposal. You may have to exchange several rounds of emails before reaching an agreement with them.
It is important to get a written agreement once you have reached an agreement. When Cavalry SPV tries to come after you for the debt again, you can refer to it. As part of your agreement, you’ll also need to make all payments on time. A lawsuit may be filed if you do not comply with its terms.