Dealing with debt can be a daunting experience, especially when a debt collection agency like Cavalry SPV I LLC starts contacting you. Known by several names, including Cavalry SPV LLC and Cavalry SPV 1 LLC, this company is part of a larger network of debt collectors that often purchase debts from original creditors and attempt to collect the full amount from consumers. Understanding who they are, why they are contacting you, Ways to Defeat Cavalry SPV I LLC, and how to navigate your interactions with them is crucial in managing your financial situation effectively.
Why Is Cavalry SPV I LLC Contacting Me?
If you’ve received a call or letter from Cavalry SPV I LLC, it’s likely because they have purchased a debt that you owe from the original creditor. This could be a credit card debt, a personal loan, or another form of consumer debt. When the original lender is unable to collect the debt from you, they may sell it to a collection agency like Cavalry SPV I LLC at a discounted rate. The debt collector then tries to recover the full amount from you, often using persistent communication methods.
Who is Cavalry SPV I LLC?
Cavalry SPV I LLC is a debt collection agency based in Greenwich, Connecticut. They have been in business since 2002 and are a part of the Cavalry Portfolio Services network, which specializes in purchasing and collecting delinquent consumer debts. Cavalry SPV I LLC operates under various names, including Cavalry SPV LLC and Cavalry SPV 1 LLC, and they primarily focus on collecting debts related to credit cards, auto loans, and personal loans.
Client Experiences with Cavalry SPV I LLC
Consumer experiences with Cavalry SPV I LLC are varied, with some individuals reporting fair and professional interactions, while others describe more aggressive and sometimes harassing tactics. Complaints about Cavalry SPV I LLC often involve being contacted about debts that have already been paid off or debts that the consumer does not recognize. Additionally, some consumers have reported receiving calls late at night or at their workplace, which can be particularly distressing.
Stop Cavalry SPV I LLC Calls – Here’s What You Can Do
If Cavalry SPV I LLC is contacting you relentlessly, there are several steps you can take to protect yourself and reduce the stress of these interactions.
Send a Stop-and-Desist Letter
One of the most effective ways to stop the calls from Cavalry SPV I LLC is to send a stop-and-desist letter. This letter should clearly state that you do not wish to be contacted further about the debt. Be sure to include your name, address, and account number if applicable. Send the letter via certified mail with a return receipt requested, and keep a copy for your records. Once they receive this letter, Cavalry SPV I LLC is legally obligated to stop contacting you, except to inform you of specific actions they are taking, such as filing a lawsuit.
Example of a stop-and-desist letter you can use to request that Cavalry SPV I LLC stop contacting you
[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Date]
Cavalry SPV I LLC
50 Danbury Road, Suite 100
Wilton, CT 06897
RE: Stop-and-Desist Request for Account No. [Your Account Number]
Dear Sir or Madam,
I am writing to request that you cease all communication with me regarding the debt referenced in the account number mentioned above. Under the Fair Debt Collection Practices Act (FDCPA), I am exercising my right to request that you stop all contact with me immediately.
Please note the following:
- I do not wish to receive any further phone calls, emails, letters, or any other forms of communication from Cavalry SPV I LLC or any associated entities.
- This letter serves as formal notice that all future correspondence regarding this debt should be conducted solely through written communication and delivered via mail to the address provided above.
- If you are considering taking legal action against me, you are permitted to inform me of such actions; however, all other forms of communication must cease.
Please confirm your receipt of this letter and your compliance with my request. I am also requesting that you provide written confirmation of your receipt of this letter within 15 days.
Thank you for your immediate attention to this matter.
Sincerely,
[Your Full Name]
[Your Signature (if mailing a physical copy)]
Add Your Number to the National Do Not Call List
Registering your phone number with the National Do Not Call Registry can help reduce the number of unwanted calls, including those from debt collectors like Cavalry SPV I LLC. However, it’s important to note that while this step can reduce telemarketing calls, debt collectors may still contact you if you have an existing debt.
Know Your Rights Under Fair Debt Collection Practices
Understanding your rights under the Fair Debt Collection Practices Act (FDCPA) is essential when dealing with Cavalry SPV I LLC. The FDCPA is a federal law that protects consumers from abusive, unfair, or deceptive practices by debt collectors. For example, Cavalry SPV I LLC cannot contact you at unreasonable hours, use threats, or misrepresent the amount of debt you owe. If they violate these rules, you have the right to sue them for damages.
File a Complaint with the FTC and FCC
If Cavalry SPV I LLC continues to harass you despite your efforts to stop them, you can file a complaint with the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC). These agencies enforce laws related to consumer protection and can take action against companies that engage in illegal practices. Filing a complaint can also help protect other consumers from similar issues in the future.
What Are Your Choices If You Owe the Debt?
If you’ve confirmed that the debt is valid and belongs to you, there are several options for managing your obligations to Cavalry SPV I LLC.
1. Make Sure the Debt Is Valid
Before making any payments, request that Cavalry SPV I LLC provide you with proof that the debt is valid and that they have the right to collect it. This is known as debt validation. Under the FDCPA, you have the right to ask for verification of the debt within 30 days of receiving the initial communication from the debt collector. Cavalry SPV I LLC must provide you with information about the original creditor and the amount owed before they can continue their collection efforts.
2. Payment Plans vs. Lump-Sum Debt Repayment: Which Is Better?
If the debt is valid, you can negotiate a payment plan with Cavalry SPV I LLC or pay the debt in a lump sum. A payment plan may be more manageable if you cannot afford to pay the full amount upfront, but it could result in additional fees or interest charges. On the other hand, a lump-sum payment may allow you to settle the debt for less than the full amount owed, which could be beneficial if you have the funds available.
3. Make a Settlement Offer to Cavalry SPV I LLC
Another option is to negotiate a settlement with Cavalry SPV I LLC for less than the full amount owed. This is known as a “pay-for-delete” agreement, where the debt collector agrees to remove the negative item from your credit report in exchange for a lump-sum payment. Be sure to get any settlement agreement in writing before making a payment to ensure that Cavalry SPV I LLC follows through on their promises.
Steps to Take If You Don’t Owe the Debt
If you believe that you do not owe the debt or that there is a mistake, it’s important to dispute the debt promptly.
Dispute the Debt
If you do not owe the debt, you can dispute it by sending a written letter to Cavalry SPV I LLC within 30 days of receiving their initial notice. This letter should explain why you believe the debt is invalid and request that they cease all collection efforts until they can provide proof of the debt. During this time, Cavalry SPV I LLC is required to stop contacting you until they can verify the debt.
Specimen Letter
[Your Full Name]
[Your Address]
[City, State ZIP Code]
[Email Address]
[Phone Number]
[Date]
Cavalry SPV I LLC
50 Danbury Road, Suite 100
Wilton, CT 06897
Subject: Debt Validation Request for Account Number [Your Account Number]
Dear Sir or Madam,
I am writing in response to a notice I received from your company dated [Date on the Notice], concerning the alleged debt referenced by account number [Your Account Number].
I hereby dispute the validity of this debt and request that you provide verification in accordance with my rights under the Fair Debt Collection Practices Act (FDCPA).
Please provide the following information:
- Validation of the debt, including the original creditor’s name and address.
- The amount of the debt, including an itemized statement of the charges.
- Proof that I am legally obligated to pay the alleged debt.
- A copy of any judgment, if applicable.
Until this information is provided, I request that you cease all collection activities and communication regarding this debt, as mandated by the FDCPA.
Furthermore, please refrain from reporting this disputed debt to any credit reporting agencies until it has been validated. If it has already been reported, I expect that it will be marked as “disputed” in accordance with the Fair Credit Reporting Act (FCRA).
I look forward to your prompt response to this matter.
Sincerely,
[Your Full Name]
[Your Signature if mailing a hard copy]
Close Your Accounts
If you suspect that the debt may be related to identity theft or fraud, it’s important to take steps to protect yourself. Close any accounts that may have been compromised and report the fraud to the appropriate authorities, such as the Federal Trade Commission (FTC) or your local law enforcement agency.
Ways to Defeat Cavalry SPV I LLC
If Cavalry SPV I LLC files a lawsuit against you to collect the debt, it is crucial to take action to defend yourself. Ignoring the lawsuit will likely result in a default judgment against you, which can lead to wage garnishment or other legal consequences.
Read the Summons and Complaint Carefully
When you are served with a lawsuit, you will receive a summons and complaint. These documents outline the allegations against you and provide a deadline for responding. It’s important to read these documents carefully to understand the claims Cavalry SPV I LLC is making and to determine your next steps.
Fill Out an Answer Form (and Any Other Required Forms)
In your answer, you should respond to each allegation made by Cavalry SPV I LLC. Deny any allegations that are untrue and raise any defenses you have, such as the statute of limitations or lack of evidence. You may also need to fill out other forms, such as a request for a jury trial or a motion to dismiss. Be sure to file your answer with the court before the deadline and serve a copy on Cavalry SPV I LLC’s attorney.
Example of an “Answer” you might file in response to a lawsuit filed by Cavalry SPV I LLC. This document should be customized to reflect the specific details of your case, and it’s recommended to consult with an attorney before filing.
[Your Full Name]
[Your Address]
[City, State ZIP Code]
[Phone Number]
[Email Address]
IN THE [Name of Court] COURT OF [Your County, Your State]
Cavalry SPV I LLC,
Plaintiff,
v.
[Your Full Name],
Defendant.
Case No.: [Your Case Number]
ANSWER
COMES NOW the Defendant, [Your Full Name], and for the Answer to the Complaint filed by Cavalry SPV I LLC, Plaintiff, states as follows:
1. I admit that I reside in [Your County, Your State].
(OR)
1. I deny that I reside in [Your County, Your State]. (Use this if incorrect)
2. I lack sufficient information to admit or deny the allegations regarding the validity of the debt, and therefore deny the same.
(OR)
2. I admit the existence of a debt with [Original Creditor’s Name] but deny the amount claimed and the legitimacy of the debt as alleged by the Plaintiff.
3. I deny that I owe the amount claimed by the Plaintiff. The amount is inaccurate and inflated with fees and charges that are not justified.
4. I deny the Plaintiff’s claim to have the right to collect this debt. I request proof that Cavalry SPV I LLC is the legal owner of the debt and that they have the authority to collect it.
AFFIRMATIVE DEFENSES
5. The Plaintiff’s claim is barred by the statute of limitations as the alleged debt is beyond the legally enforceable time period.
6. The Plaintiff has failed to provide sufficient documentation to prove the validity of the debt.
7. The Plaintiff has not provided proof that they are the legal owner of the alleged debt or that they have the right to collect it.
8. The Plaintiff’s claim is barred by the Fair Debt Collection Practices Act (FDCPA) due to violations of consumer protection laws.
WHEREFORE, Defendant respectfully requests that the Court dismiss the Complaint filed by the Plaintiff, Cavalry SPV I LLC, with prejudice, and for such other relief as the Court deems just and proper.
Respectfully submitted,
[Your Full Name]
[Your Signature if submitting in person]
[Date]
File the Answer Form With the Court and Serve on the Plaintiff
Once you have completed the answer form and any other required documents, file them with the court and serve a copy on Cavalry SPV I LLC‘s attorney. Be sure to keep a copy for your records. Filing an answer is crucial because it allows you to present your side of the story and can prevent a default judgment.
Can You Still Negotiate a Settlement if There’s a Debt Lawsuit Against You?
Yes, you can still negotiate a settlement with Cavalry SPV I LLC even if they have filed a lawsuit against you. In fact, settling the debt may be a better option than going to trial, as it can save you time and money and avoid the risk of a judgment being entered against you. If you choose to settle, make sure to get the agreement in writing and ensure that Cavalry SPV I LLC dismisses the lawsuit after you fulfill the terms of the settlement.
How to Reach Out to Cavalry SPV I LLC
If you need to communicate with Cavalry SPV I LLC regarding your debt, it’s important to do so in writing. Send all correspondence by certified mail with return receipt requested, and keep a copy for your records. Be sure to include your name, address, and account number (if applicable) in all communications. You can also contact them via their customer service phone number or email address.
Address: Cavalry SPV I LLC, P.O. Box 520, Valhalla, NY 10595
Phone Number: (914) 347-3440
Website: www.cavalryportfolioservices.com
Conclusion
Dealing with Cavalry SPV I LLC can be stressful, but knowing your rights and taking the appropriate steps can help you manage the situation effectively. Whether you owe the debt or believe there has been a mistake, it’s important to take action and communicate with Cavalry SPV I LLC in writing. By understanding the process and your options, you can protect yourself from unfair collection practices and work towards resolving the debt in a way that is manageable for you.
FAQ Section
How do you beat Cavalry SPV I LLC?
To beat Cavalry SPV I LLC in a debt lawsuit, carefully read the summons, file an answer denying any false claims, and consider negotiating a favorable settlement.
Is Cavalry SPV I LLC legit?
Yes, Cavalry SPV I LLC is a legitimate debt collection agency, but they’ve faced consumer complaints about aggressive practices and contacting people about incorrect debts.
How much will Cavalry settle for?
Cavalry SPV I LLC may settle for less than the full debt amount, often through a lump-sum payment, depending on your negotiation.
How to win against a debt collector?
To win against a debt collector, validate the debt, negotiate a settlement, respond to any lawsuit, and document all communications in writing.
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