Sued By Cavalry Portfolio Services
If you have been sued by the company Cavalry Portfolio Services, you are not alone.
Cavalry Portfolio Services, along with Cavalry SPV I LLC, is a debt collection agency. According to the Florida Division of Corporations, Cavalry Portfolio Services principal address is 500 Summit Lake Drive, Suite 400, Valhalla, New York 10595.
Cavalry Portfolio Services is BBB accredited. However, they are given an “A-” rating by the BBB in spite of 521 complaints (as of 4/3/25).
The Consumer Financial Protection Bureau complaint database reflects 321 complaints (as of 4/3/2025).
Understanding the Debt Collection Process
The debt collection process typically begins when a creditor decides to sell an outstanding debt to a debt collection agency like Cavalry Portfolio Services. Once the debt is sold, the collection agency will attempt to contact you to collect the debt. If you ignore the debt collector or fail to respond, they may escalate the situation by filing a debt collection lawsuit against you.
A debt collection lawsuit is a formal complaint filed with the court, alleging that you owe a specific amount of money. If you fail to respond to the lawsuit, the court may enter a default judgment against you. This default judgment can lead to severe consequences, such as wage garnishment, bank account levies, or other forms of debt collection. Therefore, it’s crucial to take action and respond promptly to avoid these outcomes.
Why have I been sued by Cavalry Portfolio Services in a debt collection lawsuit?
Cavalry Portfolio Services is a debt collection agency that often acts as a debt buyer, purchasing debts from other companies. Sometimes, after an account goes into delinquency, the creditor decides to sell the debt to another party. Therefore, if Cavalry Portfolio Services has sued you, it is probably because they now own a debt that you once owed to another creditor.
Reviewing the Claim
When you receive a lawsuit from Cavalry Portfolio Services, it’s essential to review the claim carefully. Start by verifying the accuracy of the alleged debt. Check the debt validation letter or the complaint filed with the court to ensure that the debt is legitimate and actually belongs to you.
Next, review the amount claimed and make sure it is accurate. Look for any errors or discrepancies in the claim, such as incorrect dates or amounts. If you find any inaccuracies, you may have grounds to dispute the debt or negotiate a settlement. Taking these steps can help you protect your rights and potentially reduce the amount you owe.
Is there a class action lawsuit against Cavalry Portfolio Services?
Consumers have sued Cavalry in over a dozen class action lawsuits. Many of these lawsuits are related to debt collection lawsuits filed by Cavalry Portfolio Services, claiming that the company failed to disclose an accurate amount of the debt owed, including a 2018 case filed in Wisconsin.
Also, a number of class action lawsuits have been filed claiming that Cavalry Portfolio Services failed to identify who the creditor was that the Plaintiff owed money to, including a 2017 case filed in New York and a 2017 case filed in Missouri.
Cavalry Portfolio Services have also had class action lawsuits filed against them for failing to disclose that the company was not allowed to sue the Plaintiffs on their debt because it was too old. In a 2017 lawsuit filed in Florida, the Plaintiff alleges that Cavalry Portfolio Services “deliberately fails to note that the debt was time-barred and that the creditor, by law, could not sue to recover the debt.”
Credit Report Implications
A debt collection lawsuit can have significant implications for your credit report. If a debt collector obtains a default judgment against you, it can remain on your credit report for up to seven years. This negative mark can lower your credit score, making it more challenging to obtain credit in the future.
However, if you manage to settle the debt or have the lawsuit dismissed, you may be able to have the negative information removed from your credit report. It’s essential to monitor your credit report regularly to ensure that it is accurate and up-to-date. Keeping an eye on your credit report can help you address any issues promptly and maintain a healthier credit profile.
How to beat Cavalry Portfolio Services debt collectors?
- Show Up
First, don’t bury your head in the sand! When dealing with a debt lawsuit filed by Cavalry Portfolio Services, showing up and responding is crucial. Florida Courts are divided into 3 levels depending on how much the lawsuit is for: small claims, county court, and circuit court. In small claims cases, a defendant is required to attend a hearing early on called a “case management conference”; whereas in county court and circuit court, the defendant has 20-days to file a written response from the day the lawsuit papers are served. If a defendant doesn’t appear (in small claims) or they fail to respond (in county court or circuit court), the court will likely enter a default judgment against them. Make sure to respond (or hire someone to do so) so you don’t lose off the bat!
- Review the claim
Next, review the records from the case. When a lawsuit is based on the records of another company, it may be that the records are inaccurate. Review the claim and don’t assume it is correct just because they have written it. See if the claim and the amount are accurate.
- Consider your options
Evaluate the alleged debt from the lawsuit, along with your other debt and your income. Is there a defense to the claim? Can you realistically afford settlement, or does it make more sense to consider bankruptcy? Here is where you may want to have a free consultation with a debt resolution professional who can help you to objectively review your options.
- Negotiate
Assuming bankruptcy is not your best option and depending on the merits of your case, negotiation may be the next best step. If you hire a debt settlement attorney to assist you with the lawsuit, your attorney will negotiate for you. However, if you are determined to go it alone, you are generally better talking to the opposing firm than doing nothing (*this is a generalization; each situation is different). Just keep in mind, they are not looking out for your best interest. They are likely not going to tell you about your defenses to the lawsuit or your protections from collection. Their job is to get you to pay.
- Any Settlement Agreement Should be in Writing
Finally, if you reach a settlement agreement, even if you are representing yourself, your agreement should be in writing.
Negotiating a Settlement with Cavalry Portfolio Services
Negotiating a settlement with Cavalry Portfolio Services can be a viable option for resolving a debt collection lawsuit. Before you begin negotiations, it’s crucial to understand the debt collection process and your rights as a debtor. You may want to consider seeking the advice of a debt settlement attorney or a credit counselor to help you navigate the negotiation process effectively.
When negotiating a settlement, make sure to get everything in writing. This includes the amount of the settlement and any payment terms. Remember, Cavalry Portfolio Services is a debt collection agency, and their primary goal is to collect as much money as possible. Be prepared to negotiate and advocate for yourself to achieve a fair settlement. By being informed and proactive, you can work towards a resolution that minimizes the financial impact on your life.
Questions on Your Cavalry Portfolio Services Lawsuit?
We offer free consultations with our experienced attorneys. We’ll evaluate your case and review your options with you.
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