Sued By Cavalry SPV I in Broward or Miami-Dade County
Cavalry SPV is a debt buyer, also known as a junk debt buyer. Cavalry purchases old charged-off debts for pennies on the dollar and then attempts to collect them from the debtor. Cavalry typically buys old Bank of America or FIA card services debt.
Defenses to Collection Lawsuits by Cavalry SPV
Cavalry buys their debt in bulk, meaning a lot of the time necessary legal documents are not readily available. If Cavalry attempts to sue on the debt they must prove that they actually own the account they are suing on and that they are entitled to collect on it. Examples of defenses against Cavalry SPV include:
- Statute of Limitations (how long has it been since your last payment
- Proof of ownership (do they own the debt they say)
- Documentation inconsistencies
- Bankruptcy filing
- Prior Settlement
What to Do if Sued by Cavalry SPV?
If you have been sued by Cavalry SPV, do not ignore it. You only have twenty days to file a responsive pleading in this case and if you fail to do so you may have a default judgment entered against you and the creditor may attempt to garnish your wages or your bank account. We strongly recommend that you contact our office immediately after getting served to allow us to analyze your case to determine how we can assist.
Shmucher Law, PL can assist debtors in Broward or Miami-Dade County defend and/or settle their lawsuit with Cavalry SPV. We typically offer a flat-fee payment arrangement and we don’t collect our fee until a settlement agreement has been executed. Feel free to contact us at any time to schedule a free consultation either over the phone or in person.