• Report: #66591

Complaint Review: CAMCO - Capital Aquisitions And Management Company

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  • Submitted: Fri, September 05, 2003
  • Updated: Tue, July 13, 2004

  • Reported By:Modesto California
CAMCO - Capital Aquisitions And Management Company
PO Box 5087 Rockford, Illinois U.S.A.

Capital Acquisitions & Management CompanyCapital Aquisitions And Management Company Capital Aquisitions & Management company (CAMCO) "Debt" collection scam Rockford Illinois

*Consumer Suggestion: CAMCO issue resolved - Here's how

*REBUTTAL Individual responds: CAMCO SKILLED THIEVES

*Consumer Comment: Trans Union also sent CAMCO my credit report.

*Consumer Suggestion: let the Secretary of State know that you received a deceptive invalid letter

*Author of original report: CAMCO and Trans Union Credit, they are the ones who supplied CAMCO with my credit report and personal information.

*Author of original report: worthless peice of paper

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I received a letter demanding payment for a "debt" from Capital Aquisitions and Management Company. When I talked to a rep, I was informed that this "debt" was from 1993 and originated with Bank of America.

I told them that this debt had been paid in full, and was told that "no it was not, becuase if it had been, then why did [they] have it".

I requested information be sent in writing regarding the "debt" and the rep refused to provide it saying "I am not going to send you anything".

He was rude, talked over me, and could not provide any legitimate information. He hung up on me after saying that he would submit my response to the debt as "refusal to pay". I am pursuing this with every agency I can think of and I am not paying them a dime!

I beleive this is a scam and that they have no legal right to attempt a "debt" legitimate or not, that is over 10 years old.

When I contacted Bank of America, they did not even have any record that I was ever a customer. DO NOT PAY THESE PEOPLE ANYTHING AND REPORT THEM TO EVERY AGENCY YOU CAN THINK OF.

Vanessa
Modesto, California
U.S.A.

This report was posted on Ripoff Report on 09/05/2003 12:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/CAMCO-Capital-Aquisitions-And-Management-Company/Rockford-Illinois-61125/Capital-Acquisitions-Management-CompanyCapital-Aquisitions-And-Management-Company-Capita-66591. 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.

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REBUTTALS & REPLIES:
0Author 5Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

CAMCO issue resolved - Here's how

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

After contacting every agency i could think of i finally received a letter from the BBB stating that CAMCO can not provide proof of the debt (because there is none) and that they have ceased all collection activity and will not sell the "debt". This took 8 months, but it was worth every minute I also received an email from a local news station asking if I would be willing to share my story and possibly go on camera....I told them sure thing and am waiting to hear back...CAMCO can be dealt with if everyone who has the misfortune of being contacted by them pursues it with zeal...Good luck everyone!
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#2 REBUTTAL Individual responds

CAMCO SKILLED THIEVES

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

CAMCO USED DELIBERATE SCARE TACTICS AND ITIMIDATIONS TO COLLECT MONEY ON A 19 YR OLD DEBT THAT BANK AMERCIA HAS WRITTEN OFF YEARS AGO.
THE COMPANY FRAUDULANTLY TOOK FUNDS FROM MY ACCOUNT AFTER I PUT A STOP PAYMENT ON A CHECK BY ALTERING THE CHECK NUMBER AND PUT THE CHECK THROUGH AGAIN!!!!!!!!!
AMERICA BE AWARE OF THESE HIGH TECH THIEVES
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#3 Consumer Comment

Trans Union also sent CAMCO my credit report.

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

Vanessa,

Trans Union also sent SCAMCO a copy of my credit report and gave me the same story when I confronted them with it. The reason why SCAMCO likes Trans Union is that Trans Union shows the FULL account numbers of all your other accounts whereas Experian only shows part of the account numbers. I asked Trans Union about this and they just said that thier computer system won't let them just display part of your other account numbers.
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#4 Consumer Suggestion

let the Secretary of State know that you received a deceptive invalid letter

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

I would look at the name and commission of the notary stamp on that notarized letter you received and then contact the IL Secretary of State Jesse White at 111 E Monroe, Springfield, IL 62756or call them at 217-782-7017 and let the Secretary of State know that you received a deceptive invalid letter that is notarized by someone with an IL commission...
That is illegal.
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#5 Author of original report

CAMCO and Trans Union Credit, they are the ones who supplied CAMCO with my credit report and personal information.

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

I rec'd a credit report today from Trans Union, one of the BIG 3...I see that they are the ones who supplied CAMCO with my credit report and personal information.....Spoke w/ a representative and said if a company asks for a copy of someones credit report for "legitimate" reasons, then they are supplied with one....Talk about a violation of privacy! Something should be done about this....perhaps if others have found that Trans Union is the one who provided info to CAMcO you can update and we can nail them too.....
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#6 Author of original report

worthless peice of paper

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

Just wanted to update that I reported CAMCO to the FTC, BBB, Rockford Mayor, and the Illinois Attorney Generals office. I have not heard anything from any of these entities thus far.

However, CAMCO did grace me with a response. A notarized "document" from Michael V Seng stating that they own the (10+ year old) "debt" and that they now have the "complete authority to settle, adjust, compromise and satisfy the same....". WHATEVER!

The amount on this worthless peice of paper is 358.55 vs. the original letter demanding 659.87. Also, there is no mention of my request to their company for verification and documentation, nor a response to my dispute of the debt. SCAM!

Just becuase they bought an uncollectable "debt" does not mean that you have to pay it. There is a statute of limitations for collection on a debt, in California the maximum is 4 years.

I hope that something will be done to shut this company down...
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