Cavalry Portfolio Services
About Cavalry Portfolio Services
According to its website, “Founded in 2002, Cavalry is a leader in the acquisition and management of non-performing consumer loan portfolios.”
Cavalry regularly files credit card lawsuits on credit card debts they have purchased. Cavalry often files suits under the name Cavalry SPV, LLC. They will then attempt to obtain a judgment and pursue post-judgment collection efforts.
Is Cavalry Portfolio Services a Scam?
Cavalry Portfolio Services is not a Scam. It is a legitimate debt buying and collection company, so it is important to take collection action by them seriously. However, even though it is not a scam company, it is important to ensure that there is evidence and documentation to support the balance Cavalry claims is owed, to ensure that Cavalry owns the account in question, and to ensure Cavalry has followed state and federal law when attempting to collect a debt.
What Should I Do If Cavalry Portfolio Services Sues Me?
- It is important to ensure that an answer to the lawsuit is timely filed after you are served with the lawsuit. DO NOT IGNORE A LAWSUIT!
- Ensure Cavalry has proof of the claimed debt amount and ensure the amount is accurate (confirm all payments and offsets have been applied)
- Ensure Cavalry has sufficient evidence to prove ownership of the debt
- Ensure suit was filed within the statute of limitations
- Assert all other possible affirmative defenses
- Review all collection activity by Cavalry to ensure there are no potential counterclaims for violation of the Fair Debt Collection Practices Act or Texas Debt Collection Act
- Determine whether to fight the case or pursue a settlement resolution
You may want to seek the advice of a knowledgeable consumer defense attorney to ensure your rights are protected and ensure you do not end up with an adverse outcome that could have been avoided or minimized. Contact us for a free consultation!