How to Remove Cavalry SPV I LLC from Your Credit Report (For Real)

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Updated: 21st Nov 2020
Written by Kim Pinnelli
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If Cavalry SPV I LLC is on your credit report, it’s not good. In fact, it could drag your credit score down considerably if you don’t act fast. Fortunately, in this guide, you will learn exactly how to remove Cavalry I LLC from your credit report. Let’s get started.

Even if you fell on hard times and can’t keep up with your bills, no one deserves the wrath of a collection agency breathing down their neck, making the situation worse.

If you have Cavalry SPV I LLC on your credit report, you need to act now. Here’s how.

What is Cavalry SPV I LLC?

Cavalry SPV I LLC isn’t something you want to see on your credit report. They are a debt collection agency which probably bought your debt from one of the ‘big name’ creditors.

They buy it for a fraction of its worth and then try to get you to pay the full amount.

Cavalary SPV I LLC has been in operation for the last 18 years and are one of the more prominent debt collection companies in the country.

Why is Cavalry SPV I LLC Contacting Me?

If you’re getting phone calls, emails, or letters in the mail from Cavalry, you likely defaulted on a debt. They most likely appear on your credit report as a collections account, which can remain there for up to 7 years.

On your credit report check for:

  • Cavalry SPV I LLC
  • Cavalry Portfolio Services, LLC

You need to remove a collection account from your credit report immediately, as it will drag down your credit score.

Whether it was a credit card, personal loan, or auto loan, Cavalry bought it from your original creditor and now wants payment.

Is Cavalry SPV I LLC a Real Company? Or a Scam?

Cavalry SPV I, LLC is a real company. They have an A+ rating with the Better Business Bureau and have been in business since 2002.

How to Remove Cavalry SPV I LLC from Your Credit Report (4 Simple Ways)

1. Hire a Credit Repair Expert

Dealing with a collection agency is overwhelming. They use tactics that can overwhelm even the calmest person. If you don’t want to deal with the stress yourself, hire a credit repair expert.

The best credit repair companies deal with Cavalry SPV often. They’ll know precisely what they can and can’t dispute and will help you remove them from your credit report the legal way.

Check out Credit Saint. They are one of the best credit repair companies around and have removed thousands of negative items from consumer credit reports.

Learn More: Credit Saint

2. Write Debt Validation letter

If you’re comfortable, you can dispute credit report errors yourself. I’d start with a debt validation letter.

Often third parties like Cavalry SPV don’t have enough information to validate the debt. You only have 30 days from the date they send you the initial letter, though, so act fast.

In the letter, ask for specific details about the debt. The account number, the date it originated, original creditor, and balance are a good start.

If Cavalry can’t answer your questions AND provide proof, they must delete the debt from your credit report.

3. Ask for Goodwill Deletion

If they validate it, you have other options. Think about your payment history. Do you have good credit? Was this an honest slip-up or a temporary issue you faced? If so, you may ask for a goodwill deletion.

Cavalry is under no obligation to oblige, but the chance is there, so why not try? It’s a free tactic and if it works, consider yourself lucky!

4. Negotiate a Pay for Delete Agreement

If you know you owe the debt and can make good on it, request a pay for delete agreement. Only do this in writing. Don’t accept any verbal terms. You have nothing to fall back on if they don’t follow through.

Make sure the terms are clear, including how much you will pay, and what Cavalry will do after receiving the agreed payment. Will they delete it from your credit report?

Will they report it paid as agreed? Get as many details as possible IN WRITING.

How Does Cavalry SPV I LLC Work?

Like any collection agency, Calvary will try contacting you through any means possible. This may include calling your home phone or cell phone, sending you emails, and letters in the mail.

They may even call you at work or call any other numbers tied to your name (your parents’ house or any old residences).

They will continue contacting you unless you write a cease and desist letter that requests, they stop contacting you.

This gives you time to figure out your next steps, whether that means paying the debt in full, negotiating, or working with a credit repair agency.

What Consumer Rights Protect Me from Cavalry SPV I LLC?

Calvary SPV I LLC must follow the Fair Debt Collections Practices Act (FDCPA). This means any of the following aren’t followed, you can contact the Consumer Financial Protection Bureau and file a complaint.

Each state is different, but in general:

  • Can only call within certain hours of the day
  • They may not contact other people about your debt
  • Cannot use any harassment methods to get you to pay

Can Calvary SPV I LLC Sue Me?

Calvary can hire a law firm to sue you for payment. They do this to get a judgment against you, giving them access to your wages (wage garnishment) or your assets.

Calvary SPV I LLC Complaints: What Are Consumers Saying?

Calvary SPV I LLC has 214 complaints made in the last 3 years, with 65 of them occurring within the next year. Consumer complaints are common with debt collection agency though – not many people want to deal with them.

Most people complain about Calvary not validating the debt. Others complain about Calvary accepting full payment before the consumer was aware of the settlement amount, they offered.

It’s possible that the letter was on its way in the mail when the consumer made the payment. Many people also say the reporting is inaccurate.

Read: Best Credit Monitoring Services

Can You Remove Cavalry SPV I LLC from Your Credit Report?

You may remove Cavalry SPV I LLC from your credit report with the right steps. But, if the debt is legitimate and Calvary didn’t violate the Fair Debt Collections Practices Act, you may be stuck paying it.

Before you do, I recommend working with a credit repair company. Let a reputable company with professionals who do this daily see if there are any negative items they could dispute.

If not, you’ll have to work with Calvary to agree on an amount you pay (never pay the full amount).

If you agree to pay, get the agreement IN WRITING. We’ve seen their complaints and know they don’t necessarily follow through on their agreements.

With the agreement in writing, you can go after them for not holding up their side of the agreement.

Calvary SPV I LLC Contact Information:

  • Mailing Address:500 Summit Lake Dr, Ste 400, Valhalla, NY 10595
  • Phone Number: 1-800-501-0909 or 1-866-483-5139

Wrapping Up: How to Remove Cavalry SPV I LLC from Your Credit Report

If Calvary SPV I LLC is on your credit report, take immediate steps to get them removed. If you exhaust all options to get it off your credit report, negotiate the terms.

Don’t pay them in full and always get the terms in writing.

I highly recommend you have help when trying to remove Cavalry SPV I LLC from your credit report. Remember, they are experts – they do this daily. They know what to say and how to say it to scare you.

Don’t let their scare tactics make you do something you don’t want to do. Have reputable representation and make your decisions carefully.

Other Debt Collectors to Look Out for:

Kim Pinnelli
Kim Pinnelli
Kim is a personal finance expert with a Bachelor’s degree in Finance from the University of Illinois at Chicago. She has been freelance writing for 13 years for a number of large publications. Kim thoroughly enjoys helping people take charge of their personal finances.