Cavalry SPV and Cavalry Portfolio Services

They are two companies in one group. A 2019 California appeals opinion describes the usual path: Citibank charged off a card and sold the account to Cavalry SPV I (California Court of Appeal, Fourth District, opens in a new tab), which then collected through an associated company, Cavalry Portfolio Services.

Florida's registry lists Cavalry SPV I, LLC as a Delaware limited liability company (Florida Division of Corporations (Sunbiz), opens in a new tab) managed by Cavalry Investments, LLC, based in Greenwich, Connecticut.

So Cavalry SPV I is usually the owner named in a lawsuit, and Cavalry Portfolio Services is the name on letters, calls and often credit reports. Its disclosures list California licenses (Cavalry Portfolio Services company site, opens in a new tab) for both.

Cavalry is a real, licensed collector. Its site states that it is a debt collector (Cavalry Portfolio Services company site, opens in a new tab), and it publishes its own address and phone number for checking a letter or call.

Its record is not spotless. In 2015 Arizona's financial regulator entered a consent order (Arizona Department of Financial Institutions, opens in a new tab) with Cavalry Portfolio Services, which was ordered to pay a $175,000 assessment and did not admit liability. The regulator found a practice of not answering requests for proof of debt while reporting it to credit bureaus, which Cavalry denied.

We found no CFPB enforcement action (CFPB, opens in a new tab) and no FTC case against either company.

Usually because Cavalry SPV I bought an account in your name, often a charged-off credit card. Cavalry Portfolio Services, or a law firm Cavalry retains, then contacts you.

In the 2019 California case the account was a Citibank card; yours may come from another lender. The validation notice (CFPB, opens in a new tab) should name the original creditor and the balance, so compare both with your old statements.

Cavalry Portfolio Services calls itself a debt collector, and the CFPB counts debt buyers among the collectors (CFPB, opens in a new tab) covered by the Fair Debt Collection Practices Act and Regulation F. The 2015 Arizona order concerned requests for proof of debt, which is what the first two rights below protect.

Pay once you have checked, not before. Cavalry accounts are often old charged-off cards, so the age of the debt comes first, then whether the balance matches your records. Letting the letter sit will not settle anything.

The plaintiff is usually Cavalry SPV I, the owner, and the papers come from a law firm Cavalry retains (Cavalry Portfolio Services company site, opens in a new tab). A judgment can lead to garnishment of wages or a bank account (FTC (FTC, opens in a new tab)).

A 2026 Illinois appeal shows why the answer matters. Cavalry SPV I sued over a $10,432.50 Citibank balance. The borrower's lawyer filed an appearance but no answer (Appellate Court of Illinois, First District, opens in a new tab), so the court entered a default judgment, and the later request to undo it failed.

Often, yes, though nothing is certain. Cavalry's own site says it may be able to resolve your debt (Cavalry Portfolio Services company site, opens in a new tab) for less than the full balance, and offers payment plans.

An FTC study found debt buyers paid about 4 cents on the dollar (FTC, opens in a new tab) on average. What a buyer paid does not set what it will accept from you.

Some people offer payment if a collector will delete its entry, a request known as pay for delete. The CFPB's rule of thumb is that accurate negative information usually cannot be removed (CFPB, opens in a new tab), and most of it stays seven years.

Cavalry states its own policy. Its FAQ says that if you pay in full or resolve the account for less, it will request a deletion of its tradeline (Cavalry Portfolio Services company site, opens in a new tab) about 30 days after the final payment posts.

A Cavalry account can join a debt settlement program with us if your unsecured debts add up to $10,000 or more. We start by asking Cavalry Portfolio Services to verify the balance, then negotiate it with your other accounts; no settlement is paid without your approval1.

If Cavalry SPV I has already filed suit, an attorney should handle the case. We do not give legal advice, and settling through a program does not end a lawsuit by itself.