• Report: #95356

Complaint Review: Camco - Leading Edge

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  • Submitted: Thu, June 17, 2004
  • Updated: Mon, November 29, 2004

  • Reported By:concord California
Camco - Leading Edge
Rockford, Illinois U.S.A.

Camco Think CAMCO sold this debt to another company after not being able to validate this debt and having been sent a Cease and Desist Letter Ripoff Chicago Illinois

*Consumer Suggestion: Daniel: my apologies...

*UPDATE Employee: Please Read More Carefully

*Consumer Suggestion: Since Leading Edge is also trying to collect on out of stat paper

*UPDATE Employee: Leading Edge Recovery Solutions has absolutely nothing to do with CAMCO.

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I think a debt that CAMCO was trying to get us to pay(they couldn't validate it, sent Cease and Desist)has been sold to a new company, Leading Edge Recovery Solutions. Anyone ever heard of them? Are they part of sCAMCO?

I suppose we'll have to follow the same procedure with them too.

Karen
Concord, California
U.S.A.

This report was posted on Ripoff Report on 06/17/2004 08:05 PM and is a permanent record located here: http://www.ripoffreport.com/r/Camco-Leading-Edge/Rockford-Illinois/Camco-Think-CAMCO-sold-this-debt-to-another-company-after-not-being-able-to-validate-this-95356. 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 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Daniel: my apologies...

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

I apologize for the rather harsh tone of my response.

That being said; to the best of my knowledge Camco only collects on out of stat debts. If Leading Edge is now handling an account which comes from Camco, then it appears that your organization is also attempting to collect on out-of-stat debts.

So far as I know, Camco purchases these debts outright. If your company did not purchase these debts from Camco, then they were hired to collect on these debts by Camco, or by someone who purchased these debts from Camco.

Would Leading Edge agree to do collections work on paper which was clearly out of stat and for which it would be difficult-to-impossible to provide any kind of verification? There certainly are legitimate collection agencies which follow the FDCPA and applicable state laws, and which serve a useful purpose. In my experience, these agencies wouldn't touch this kind of questionable account with a 10-foot pole.

If the original complainant is being contacted by Leading Edge regarding a debt which originated with Camco, then it appears that the answer is "yes, we would." In that case, my original characterization of your activity as a "criminal shakedown" would appear to be valid. If the original complainant is mistaken, that is another matter altogether.
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#2 UPDATE Employee

Please Read More Carefully

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

Karen's complaint stated absolutely nothing about an out of statute debt. My rebuttal stated absolutely nothing about an out of statute debt.

However, my rebuttal clearly indicated: Leading Edge has nothing to do with CAMCO. That would mean that CAMCO did not "hire" my company to do anything; as your rebuttal indicates. My company has neither bought nor purchased anything from them, ever. We have done absolutely no business with CAMCO, in any way shape or form, at any point in time.

Additionally, anyone that is going to make claims that an individual or entity is breaking laws and "shaking people down" should educate themselves about the situation before doing so. At no point in time did Karen describe anyone breaking any laws. She asked a simple question regarding the relationship between CAMCO and Leading Edge. I took the liberty of providing her with an answer since no one else had.

I sincerely apologize for the negative experiences that you have had in dealing with collection agencies, Kevin. However, that does not give you the right to make assumptions and accusations in a situation for which you possess no knowledge. It's unfortunate that you feel you must bad mouth companies that you know nothing about.

I sincerely hope that you find a more constructive use of the knowledge that you do have regarding debt collection. You provided fantastic advice in you rebuttal. Unfortunately, the personal attacks and overall negative tone of your rebuttal take away from the valuable knowledge that you conveyed.

Also, the correct address to send a cease and desist notification (or any correspondence) to my company should include "Suite 350" after the street name.

Respectfully,

Daniel G. Beam
Leading Edge Recovery Solution, LLC
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#3 Consumer Suggestion

Since Leading Edge is also trying to collect on out of stat paper

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

Be sure to send a cc: of any Cease and Desist Letter which you send to them to the Illinois Attorney General and to your state's Attorney General. You may also want to tape any conversations you have with Leading Edge collectors: that way there will be an indisputable record of any FDCPA violations, and you'll be able to shake them down the way they are trying to shake you down.

No reputable collection agency would touch out of stat accounts. The fact that Leading Edge is willing to engage in this kind of shady, underhanded activity suggests to me that they're no better than Camco, the folks who "hired" them to collect on this debt.

Send your cease & desist letters to

LEADING EDGE RECOVERY SOLUTIONS
8550 W Bryn Mawr Ave
Chicago, IL 60631

If enough people complain, maybe their "startup" will get its license pulled and be unable to do any kind of collections. That would be a fitting end to a company which thought it could break the law
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#4 UPDATE Employee

Leading Edge Recovery Solutions has absolutely nothing to do with CAMCO.

AUTHOR: Daniel G. Beam - (U.S.A.)

We are a newer agency that opened our doors in May 2003. We are fully licensed and in compliance with all federal and state statutes and laws. To date, we have not begun purchasing debt but primarily deal with contingency placements from both original creditors and debt buyers. You can review our October 15 press release at collectionindustry.com; under industry news. My company has already been featured in articles from prominent publications, such as Entrepreneur Magazine and The Chicago Tribune.

Although I cannot locate the account in question I can take an educated guess that the debt was sold to a different debt buyer and placed in my office for collections. To answer Karen's question: Yes, this is a standard practice. You would need to supply the new agency with a cease and desist letter if you wish collection activity to stop.

Any further inquiries as to the legitimacy of my company can be addressed directly through me. Please feel free to publish my contact information on your web-site.

Sincerely,

Leading Edge Recovery Solution, LLC
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