• Report: #83898

Complaint Review: CAMCO - CAPITAL ACQUISITIONS AND MANAGEMENT COMPANY

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  • Submitted: Mon, March 15, 2004
  • Updated: Tue, August 31, 2004

  • Reported By:Sherman Oaks California
CAMCO - CAPITAL ACQUISITIONS AND MANAGEMENT COMPANY
POST OFFICE BOX 5087 ROCKFORD, Illinois U.S.A.

CAMCO - CAPITAL ACQUISITIONS AND MANAGEMENT COMPANY Attempt to Fradulently Collect Money on behalf of Citibank. Rip-off! ROCKFORD Illinois

*Consumer Suggestion: Unlawful debt collection

*Consumer Comment: Oh look -- another Camco employee

*Consumer Comment: Oh look -- another Camco employee

*Consumer Comment: Oh look -- another Camco employee

*Consumer Comment: Oh look -- another Camco employee

*Consumer Comment: Old Accounts Dont Appear to Exist Today

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"Collection Letter" received on 03/13/04.

The letter indicated that "an account" formerly held by Midland Acquistion on behalf of Citibank had been purchased by the (CAMCO-Capital Acquisition and Management Company) and that I owed $3908.55.

I called Citibank on March 15, 2003. My account had a zero balance and was in good standing. They had no idea what this was for.

There are many reports similar to mine reported in badbusinessbureau.com.

Tom
Sherman Oaks, California
U.S.A.

This report was posted on Ripoff Report on 03/15/2004 09:45 AM and is a permanent record located here: http://www.ripoffreport.com/r/CAMCO-CAPITAL-ACQUISITIONS-AND-MANAGEMENT-COMPANY/ROCKFORD-Illinois-61125-0247/CAMCO-CAPITAL-ACQUISITIONS-AND-MANAGEMENT-COMPANY-Attempt-to-Fradulently-Collect-Money-o-83898. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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0Author 6Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Unlawful debt collection

AUTHOR: John - (U.S.A.)

Debts that are beyond all legally enforceable collection time limits cannot be legally enforced to collect. It is simple as that. It is up to the debtor to voluntary pay. Debt collection agencies and individual debt collectors can be legally held responible and ordered to pay for damages and fines for any and all illegal debt collection methods - Camco is the example. And, Camco, because of their illegal debt collection methods, has now been ordered by federal law to post on every affidavit and collection letter in bold, big, and highly readable words "The debtor is not legally obligated to pay this debt".

Camco is also ordered by federal law to post in big, bold, and highly readeable words on every affidavit and collection letter on how to contact the Consumer Protection Division of the Federal Trade Commission Commission if debtor, through contact with Camco, was subject to illegal debt collection methods.
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#2 Consumer Comment

Oh look -- another Camco employee

AUTHOR: Kevin - (U.S.A.)

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was).

Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike.

Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits
in several states.

If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to:

Camco
303 North Main Street
Rockford IL 61101
Fax: 815 968 1595
Phone: 815-968-1599
ATTN: Jeff Garrington, Compliance Officer

In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me.

Send a cc: of this letter to your state attorney general, and to

Regional Director, Northwest Division
Federal Trade Commission
915 Second Ave. Suite 2986
Seattle, WA 98174
Re: Civil Action No. 04 C 50147
FTC File No. 022 3222

Lisa Madigan
Illinois Attorney General
Consumer Fraud Bureau
500 South Second Street
Springfield IP 62706

Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to:

Transunion Consumer Solutions
P.O. Box 2000
Chester, PA 19022-2000

That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.
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#3 Consumer Comment

Oh look -- another Camco employee

AUTHOR: Kevin - (U.S.A.)

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was).

Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike.

Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits
in several states.

If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to:

Camco
303 North Main Street
Rockford IL 61101
Fax: 815 968 1595
Phone: 815-968-1599
ATTN: Jeff Garrington, Compliance Officer

In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me.

Send a cc: of this letter to your state attorney general, and to

Regional Director, Northwest Division
Federal Trade Commission
915 Second Ave. Suite 2986
Seattle, WA 98174
Re: Civil Action No. 04 C 50147
FTC File No. 022 3222

Lisa Madigan
Illinois Attorney General
Consumer Fraud Bureau
500 South Second Street
Springfield IP 62706

Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to:

Transunion Consumer Solutions
P.O. Box 2000
Chester, PA 19022-2000

That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.
Respond to this report!
What's this?

#4 Consumer Comment

Oh look -- another Camco employee

AUTHOR: Kevin - (U.S.A.)

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was).

Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike.

Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits
in several states.

If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to:

Camco
303 North Main Street
Rockford IL 61101
Fax: 815 968 1595
Phone: 815-968-1599
ATTN: Jeff Garrington, Compliance Officer

In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me.

Send a cc: of this letter to your state attorney general, and to

Regional Director, Northwest Division
Federal Trade Commission
915 Second Ave. Suite 2986
Seattle, WA 98174
Re: Civil Action No. 04 C 50147
FTC File No. 022 3222

Lisa Madigan
Illinois Attorney General
Consumer Fraud Bureau
500 South Second Street
Springfield IP 62706

Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to:

Transunion Consumer Solutions
P.O. Box 2000
Chester, PA 19022-2000

That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.
Respond to this report!
What's this?

#5 Consumer Comment

Oh look -- another Camco employee

AUTHOR: Kevin - (U.S.A.)

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was).

Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike.

Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits
in several states.

If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to:

Camco
303 North Main Street
Rockford IL 61101
Fax: 815 968 1595
Phone: 815-968-1599
ATTN: Jeff Garrington, Compliance Officer

In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me.

Send a cc: of this letter to your state attorney general, and to

Regional Director, Northwest Division
Federal Trade Commission
915 Second Ave. Suite 2986
Seattle, WA 98174
Re: Civil Action No. 04 C 50147
FTC File No. 022 3222

Lisa Madigan
Illinois Attorney General
Consumer Fraud Bureau
500 South Second Street
Springfield IP 62706

Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to:

Transunion Consumer Solutions
P.O. Box 2000
Chester, PA 19022-2000

That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.
Respond to this report!
What's this?

#6 Consumer Comment

Old Accounts Dont Appear to Exist Today

AUTHOR: Barb - (U.S.A.)

Many family members of mine have worked for either credit companies or department stores that extend lines of credit. What happens to debts is after a certain period of time, Creditors will give up on trying to collect on a debt and just sell it to a collection agency. That way they are making their money, the debts are therefore off of their records at that point and if you call a creditor they will say you dont have that certain account with them. However, that still does not mean that a debt is not legally collectable.

Debts never expire, and they continue to grow the percentage of interest that is specified in the origional contract, as long as your state law allows it as well, which most states do. Even if a debt is 100 years old, it is still collectable. I don't believe it is fair for consumers to run up thousands of dollars worth of goods and services and just never pay for them. Thats basically like getting merchandise for free.
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