Who bought Equable Ascent Financial?

Equable Ascent Financial, or Hilco, having purchased the debt from Chase, never returned the debt to Chase and instead sold it off to another debt buyer – Midland Funding.

Is Equable Ascent Financial LLC still in business?

Since Equable is no longer in business, they may have sold the judgment. Much like the companies they once bought from, Equable Ascent Financial could very well have sold the judgment they secured to another debt buyer.

What is Cavalry SPV I LLC?

Cavalry SPV I LLC (aka Cavalry Portfolio Servies) is a debt collection company that purchases debts in bulk from credit card and loan companies at a discounted rate. Cavalry then turns around and files a myriad of debt collection lawsuits against consumers in an effort to try and collect on the full amount owed.

How much will Cavalry Portfolio settle for?

$24 million
Cavalry Lawsuits Cavalry Portfolio Services was slapped with a class-action lawsuit for violating the Telephone Consumer Protection Act (TCPA) — the settlement, worth more than $24 million, was granted final approval on Oct. 13, 2020.

How do you beat Cavalry SPV I LLC in a debt lawsuit?

In your Answer responding to Cavalry SPV’s Complaint, make sure to raise affirmative defenses (e.g., the statute of limitations) and demand that the debt collection company provide proof of the specific amount owed. These are strategies you can use to defeat Cavalry SPV in court.

What percentage will creditors settle for?

Typically, a creditor will agree to accept 40% to 50% of the debt you owe, although it could be as much as 80%, depending on whether you’re dealing with a debt collector or the original creditor. In either case, your first lump-sum offer should be well below the 40% to 50% range to provide some room for negotiation.

Does Cavalry Portfolio pay to delete?

Yes. Per Cavalry policy, if you pay your account in full or resolve the account for less than the full balance, we will request a deletion of its tradeline on or about 30 days from the date the final payment is posted to the account.

How much does Cavalry settle?

Cavalry Lawsuits Cavalry Portfolio Services was slapped with a class-action lawsuit for violating the Telephone Consumer Protection Act (TCPA) — the settlement, worth more than $24 million, was granted final approval on Oct. 13, 2020.

Who does Cavalry Portfolio collect for?

They are one of the largest buyers of distressed debt in the United States. Cavalry Portfolio Services buys debt collection portfolios for pennies on the dollar. They also collect credit card debt for banks like Bank of America, Chase, and CitiBank.

What is a fair debt settlement offer?

Offer a specific dollar amount that is roughly 30% of your outstanding account balance. The lender will probably counter with a higher percentage or dollar amount. If anything above 50% is suggested, consider trying to settle with a different creditor or simply put the money in savings to help pay future monthly bills.

What is a reasonable full and final settlement offer?

It depends on what you can afford, but you should offer equal amounts to each creditor as a full and final settlement. For example, if the lump sum you have is 75% of your total debt, you should offer each creditor 75% of the amount you owe them.

Does Cavalry Portfolio sue?

Cavalry Portfolio Services lawsuits can be intimidating and financially devastating. If Cavalry Portfolio Services has sued you, it is important to note that you have rights as a consumer. You need a debt defense attorney to advocate on your behalf and advise you through this process.