notyou2 Posted August 23, 2012 Report Share Posted August 23, 2012 I tried to do a search on this but didn't find the answer, so I apologize if someone has already asked:Are these the same company:Cavalry SPV I, LLCCavalry Portfolio Cavalry Portfolio ServicesCavalry Investments, LLCI am being sued by one of them, but have found about 75 collections cases currently being decided in my district from them. I was just curious. Link to comment Share on other sites More sharing options...
debtorshusband Posted August 23, 2012 Report Share Posted August 23, 2012 Here's what I found:-----------------------------About Cavalry InvestmentsCavalry Investments, LLC is a purchaser of distressed debt portfolios. Portfolios acquired by Cavalry Investments, LLC are collected by Cavalry Portfolio Services, LLC, an affiliate dedicated to customer service. Cavalry Portfolio Services, LLC is focused on providing each customer with an affordable solution and helping to create a win-win situation. The highly trained, professional staff at Cavalry is committed to our motto, "Cavalry………to the rescue" and we believe in making a difference one person at a time.---------------------------------So I interpret it this way: Cavalry Investments, LLC is the parent company. They buy debts. I think they bundle debts, maybe selling shares to investors, into Cavalry SPV I, LLC. I think there's also a Cavalry SPV II, LLC. I envision this entity/entities as being the ones with the cash, and have few employees, who basically shop for, research, and buy the bad debts from Original Creditors. Then the division known as Cavalry Portfolio Services, aka Cavalry Portfolio, is the collection arm. I envision this entity as having no assets and many employees, who are the ones who call consumers and try to collect. If successful, this division gets their percentage for their efforts, and sends the bulk of the cash collected on up to the parent.In short, yes, they're all the same company, and any one of them could be listed as the plaintiff on a lawsuit.Regards,DH Link to comment Share on other sites More sharing options...
notyou2 Posted August 23, 2012 Author Report Share Posted August 23, 2012 Thanks DH!I was a bit shocked to do a search on current cases in my district and find Cavalry has well over 75 right now. I would be interested to know how many they have open in California alone. Must be easily thousands. Link to comment Share on other sites More sharing options...
racecar Posted August 23, 2012 Report Share Posted August 23, 2012 (edited) http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=5&sqi=2&ved=0CEAQFjAE&url=http%3A%2F%2Fphx.corporate-ir.net%2FExternal.File%3Fitem%3DUGFyZW50SUQ9Mzc4NzAxfENoaWxkSUQ9Mzc3OTI4fFR5cGU9MQ%3D%3D%26t%3D1&ei=I9M1UOfMGeqQ2AWi_YHYAw&usg=AFQjCNFoWM4izPupDc2X5LktsFbr68DMEwThey have about 12 different subsidiaries where they bounce around with a debt validation letter for two years.then they sue you. Edited August 23, 2012 by racecar Link to comment Share on other sites More sharing options...
Flyingifr Posted August 23, 2012 Report Share Posted August 23, 2012 Think of it as "Sherman Acquisitions Lite" Link to comment Share on other sites More sharing options...
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