CAMCO - Capital Aquisitions & Management Company
303 N Main Street
Rockford Illinois 61101
U.S.A.
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CAMCO - Capital Aquisitions & Management Company 14 year old RIP OFF attempt Rockford Illinois
1Author
1Consumer
0Employee/Owner
CAMCO - Capital Acquisitions and Management Company's Michael Terry, began calling me on October 17th, 2004. He stated that I had a Citibank Visa from 1990 and that I owed $1352.62. I told him that I did have a secured visa back then that was eventually written off, but it was for a very small balance and I didn't think it was with Citibank. He was able to verify 2 previous addresses, both addresses he said came back undeliverable. Not true. He told me that if I didn't pay that he was going to file a complaint with the State of California. I explained that the statute of limitations for our state was 7 years and he countered with that Citibank was never able to collect this debt due to them never being able to find me. Hummmmm, the two addresses they had were accurate.
They threatened me with having to go to court and wage garnishment. I looked them up on line and with the BBB and found out a lot about CAMCO. This is a huge scam.
I filed complaints with BBB, the Federal Trade Commission, Transunion Credit and now here.
Let's stop this company from ripping off anyone else!
Genevieve
Sacramento, California
U.S.A.
Click Here to read other Ripoff Reports on CAMCO Capital
REBUTTALS & REPLIES:
1Author
1Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Keith - Los Angeles (U.S.A.)
SUBMITTED: Thursday, October 28, 2004
POSTED: Thursday, October 28, 2004
Geneieve,
great that people like you keep posting to keep us informed about camco.
i also found your post most interesting - camco plans to file a complaint against YOU with the state of california. ha. thats funny.
actually, if they were to contact the state of california (do we have a complaint dept?) they would find that we (consumers/debtors) have already filed many complaints against camco - regarding their collecting techniques, or lack of.
and as for their offering to take you to court over a stale debt, that's funny too. first of all, it would cost them money to go to court & i doubt bottom feeder collectors like camco would spend a dime going to court. + they could never collect on such an old debt anyway. so they only way they can get money out of us - is to try and scare it out of us. in fact, if you listen to 'em long enough they will even offer to change our debt collecting
laws just to accomodate your old debt.
thanks for filing the complaints, think thats about the best we can do is to get the word out about them. now just ignore them.
