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How to Handle Cavalry SPV I, LLC Lawsuits in Ohio
Cavalry SPV I, LLC is headquartered in Hawthorne, New York. Cavalry acquires assets from major banks, consumer finance companies, utilities and other financial institutions.
Address: 1 American Lane, Suite 220, Greenwich, CT 06831-2200
What is Cavalry SPV I, LLC?
While every situation is different, Cavalry typically will purchase assets (oftentimes credit card debt) from a major bank, and immediately refer it to their servicing company, Cavalry Portfolio Services, LLC. Cavalry Portfolio will then likely begin collection efforts. Standard collection procedures usually begin with an initial letter, and may also consist of subsequent letters and repeated telephone calls.
What to Do if You’re Sued by Cavalry
Eventually, if the debt is not resolved, Cavalry will likely bring a lawsuit against the consumer, and has done so on numerous occasions in the State of Ohio. An experienced consumer law attorney can have a great deal of success both defending a lawsuit brought by Cavalry and bringing Fair Debt Collection Practices Act claims against Cavalry. A consumer law attorney should be able to recognize any such counterclaim as well as defend the claim by:
- Forcing Cavalry to demonstrate the entire chain of title to the account;
- Demanding Cavalry produce all account statements that prove the account balance;
- Comparing the interest rates alleged in the lawsuit to those that were legally allowable pursuant to the original creditors contract and schedule of interest rates;
- Examining any potential defense the consumer might have had against the original creditor such as inaccurate or unauthorized charges.
A Consumer Law Attorney Can Help
Most of the time, the claims that Cavalry files are resolved prior to a trial if the consumer is represented by an attorney. If the consumer is not represented by an attorney, many times Cavalry will obtain a default judgment and continue collection efforts including garnishing wages and bank accounts. A consumer should not allow a default judgment to be rendered as these types of cases are very defensible, and many times an experienced consumer law attorney is able to save the consumer more money than the attorney fees for such a case.