Home / Collectors / Cavalry SPV
Cavalry SPV owns it. Cavalry Portfolio Services collects it. Here is what to ask
Cavalry is a debt buyer that works through several companies with nearly the same name. One of the "SPV" companies, usually Cavalry SPV I, LLC, owns your account. Cavalry Portfolio Services, LLC sends the letters and takes the calls. Getting those names right matters, because the owner is the one that has to prove the debt.
Free check first, with an honest verdict. If a letter helps, it costs $29 ($19 for military, veterans, seniors and people with disabilities) with three follow-ups.
Which state do you live in?
Time limits on debt and some collection rules depend on your state.
- Free, honest checkA clear answer in a few minutes, no sign-up.
- Pay only if it helpsIf a letter won't help, we say so and don't sell one.
- Your details stay with youLetters are built in your browser. We don't store them.
- Sourced and datedEvery fact links to a regulator, statute or the collector itself.
Cavalry at a glance
- Owner on your notice
- Usually Cavalry SPV I or Cavalry SPV II
- Collects and writes
- Cavalry Portfolio Services, LLC
- Current address
- Cavalry Portfolio Services, LLC
1 American Lane, Suite 220
Greenwich, CT 06831 - Phone
- (800) 501-0909
- Other offices
- BBB also lists Cavalry Portfolio Services locations in Fort Lauderdale, Florida and Roseville, Minnesota
- Industry certification
- RMAi Certified Professional Receivables Company
- BBB
- BBB accredited since February 22, 2022
- State action
- West Virginia settlement, 2016
Cavalry moved from New York to Greenwich, Connecticut, so older letters and websites show New York addresses. Use the dispute address on your own notice.
Four Cavalry companies, one account
West Virginia's 2016 court order treats four companies together as the "Cavalry Entities": Cavalry SPV I, LLC; Cavalry SPV II, LLC; Cavalry Investments, LLC; and Cavalry Portfolio Services, LLC.
In practice, the SPV ("special purpose vehicle") named on your notice owns the account, and Cavalry Portfolio Services collects it. A lawsuit, if there is one, is usually brought by the SPV. Your dispute goes to Cavalry Portfolio Services, but it should name the exact SPV as the current creditor and ask for the documents showing that this SPV bought your specific account.
A written dispute that arrives inside the validation period makes Cavalry stop collecting until it mails verification.
Cavalry moved: New York to Connecticut
In 2016 the West Virginia Attorney General described the Cavalry defendants as all headquartered in New York. Today, Cavalry's chief compliance officer described it in 2022 as an RMAi Certified Professional Receivables Company located in Greenwich, Connecticut, at Cavalry Portfolio Services, LLC, 1 American Lane, Suite 220, Greenwich, CT 06831.
Many websites still print an old New York address. Use the dispute address on your own notice. If it gives none, the Greenwich address above is the one Cavalry uses publicly. Some people also misspell the name as "Calvary", including on credit reports; it is the same company.
West Virginia: the licensing settlement
West Virginia alleged that the Cavalry companies collected debts in the state without the license and surety bond its Collection Agency Act requires, and also alleged harassing calls and letters that failed to identify the account owner. Without admitting wrongdoing, Cavalry agreed to stop collecting $19.7 million of debt from 2,847 West Virginians, pay the state $350,000, and delete those accounts from consumers' credit records.
The case turned on a state licensing requirement. Licensing rules differ by state, so if you live elsewhere, check with your state's financial regulator whether a debt buyer needs a license to collect from you. The answer does not erase a real debt, but it can matter in a dispute or a lawsuit.
For old accounts, also check your state's time limit before paying.
Debt buyers like Cavalry do file lawsuits, so never ignore a summons. Our guide to getting a debt lawsuit dismissed covers your options, and our page on time-barred debt explains when an old account can no longer be taken to court.
Not sure a message is really from Cavalry? Our guide to spotting fake debt collectors lists the warning signs regulators describe.
Before agreeing to a settlement with Cavalry, read how to negotiate with a debt collector and get the terms in writing.
A worked example around July 4
Say Cavalry Portfolio Services mails a validation notice on Wednesday, June 30, 2027 about a $3,872.55 credit card that Cavalry SPV I bought.
- Independence Day falls on a Sunday in 2027. Counting only actual holiday dates, the fifth working day after mailing is Wednesday, July 7, 2027. If Cavalry also skips the observed holiday on Monday, its date will be a day later, which only gives you more time.
- The dispute period can end no earlier than Friday, August 6, 2027.
- Copy the exact owner name from the notice, for example "Cavalry SPV I, LLC", into the letter.
- Mail the dispute by certified mail to the address on the notice.
Live in West Virginia? Our West Virginia guide covers the state's own protections.
Sample letter to Cavalry
This is the opening for someone in West Virginia who does not recognize a credit card account that Cavalry SPV I says it owns. It goes to Cavalry Portfolio Services and names the SPV as the current creditor.
Further down it asks for proof that this SPV bought this specific account. Details are made up.
Questions people ask about Cavalry
Is Cavalry SPV a scam?
No. Cavalry SPV I, LLC and Cavalry Portfolio Services, LLC are real companies. Check any call against the numbers on your notice or Cavalry's own website.
What is the difference between Cavalry SPV I and Cavalry Portfolio Services?
The SPV owns the account. Cavalry Portfolio Services collects it, sends letters and takes payments.
Why does my credit report say Calvary?
It is a common misspelling of Cavalry. Check the account number and amount against your notice.
Where is Cavalry located now?
Cavalry Portfolio Services lists Greenwich, Connecticut. Older letters and websites often show New York.
Can Cavalry sue me?
Yes, if the debt is within your state's time limit. The suit is usually filed in the name of the SPV. If you are served, the answer deadline on the summons comes first.
Are you connected to Cavalry?
No. We are an independent document tool and name Cavalry only to describe who contacted you.