• Report: #57461

Complaint Review: Capital Acquisition & Management Company AKA: CAMCO

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  • Submitted: Sun, May 18, 2003
  • Updated: Wed, December 08, 2004

  • Reported By:Claremont North Carolina
Capital Acquisition & Management Company AKA: CAMCO
P.O. Box 5087 Rockford, Illinois U.S.A.

Capital Acquisition & Management Company AKA: CAMCO rip-off - I wanted a debt validation. Rockford Illinois

*UPDATE EX-employee responds: EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

*UPDATE EX-employee responds: EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

*UPDATE EX-employee responds: EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

*UPDATE EX-employee responds: EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

*Consumer Comment: you guys are trying to collect on debts that already have been paid,!!!!!!!!

*Consumer Suggestion: CAMCO undisputed proof that I had credit card protection and I proved it

*Consumer Suggestion: Oops!

*Consumer Comment: Still Another Clown Climbs out of the Little Camco Car

*Consumer Suggestion: Camco legit? They had my social security number, but the name on the bill wasn't mine

*Consumer Suggestion: Dude.

*Consumer Comment: Legal obligations, Moral oplications

*UPDATE Employee: in sarah's defense

*Consumer Comment: SCAM, SCAM, SCAM

*REBUTTAL Individual responds: Best Practices

*Consumer Suggestion: Sarah = a moron

*Consumer Suggestion: Sarah, Sarah, Sarah....

*Consumer Comment: Umm, Sarah...

*UPDATE Employee: pay your bill! Camco has an affadavit for each account they have stating the account has not been paid

*Consumer Suggestion: Take Action

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Capital Acquisitions & Management Company Is trying to collect on a account that they can't even prove that it exist. I sent them a letter stating that Under the Fair credit reporting Act. I wanted a debt validation.

They sent me a typed out letter with information that they made up.Then offered me a settlement.How stupid are they? Anyway I found a different Address on this fraudulent company:

Capital Acquisition and Management
854 E Algonquin Rd.
Schaumberg,IL 60173
Phone (847)303-5145

Found this address using bellsouth realpages.com

Kevin
Claremont, North Carolina
U.S.A.

This report was posted on Ripoff Report on 05/18/2003 08:34 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-Acquisition-Management-Company-AKA-CAMCO/Rockford-Illinois-611125/Capital-Acquisition-Management-Company-AKA-CAMCO-rip-off-I-wanted-a-debt-validation-57461. 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 18Consumer 1Employee/Owner
Updates & Rebuttals

#1 UPDATE EX-employee responds

EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

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

U GUYS ARE CROOKS AND HIRE NOTHING BUT CROOKS. TO ALL CONSUMERS GET ALL THE MONIES U CAN , THEY HAVE IT, I KNOW INDIVIDUALS THAT , HAVE BONUS CHECKS UP TO 8,000 AFTER TAXES.

TO THE ATLANTA OFFICE.. THE HEAD CROOK IS BILLY MARTIN (AND CHARLES MUSKELLEY AKA MIKE SCOTT AND JAMES TRUE BLOOD.

I THOUGHT THIS DAY WILL NEVER COME. I APOLOGIZE TO ALL CONSUMERS FOR WORKING FOR SUCH A HORRIBLE COMPANY. THANK GOD FOR THE FEDS

I LOVE U FTC AND FEDS.

EX CAMCO EMPLOYEE..

PS: FEDS ,IF U NEED SOMEONE TO COLLECT MONEY FROM CAMCO, GIVE ME A CALL. LOLOLO
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#2 UPDATE EX-employee responds

EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

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

U GUYS ARE CROOKS AND HIRE NOTHING BUT CROOKS. TO ALL CONSUMERS GET ALL THE MONIES U CAN , THEY HAVE IT, I KNOW INDIVIDUALS THAT , HAVE BONUS CHECKS UP TO 8,000 AFTER TAXES.

TO THE ATLANTA OFFICE.. THE HEAD CROOK IS BILLY MARTIN (AND CHARLES MUSKELLEY AKA MIKE SCOTT AND JAMES TRUE BLOOD.

I THOUGHT THIS DAY WILL NEVER COME. I APOLOGIZE TO ALL CONSUMERS FOR WORKING FOR SUCH A HORRIBLE COMPANY. THANK GOD FOR THE FEDS

I LOVE U FTC AND FEDS.

EX CAMCO EMPLOYEE..

PS: FEDS ,IF U NEED SOMEONE TO COLLECT MONEY FROM CAMCO, GIVE ME A CALL. LOLOLO
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#3 UPDATE EX-employee responds

EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

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

U GUYS ARE CROOKS AND HIRE NOTHING BUT CROOKS. TO ALL CONSUMERS GET ALL THE MONIES U CAN , THEY HAVE IT, I KNOW INDIVIDUALS THAT , HAVE BONUS CHECKS UP TO 8,000 AFTER TAXES.

TO THE ATLANTA OFFICE.. THE HEAD CROOK IS BILLY MARTIN (AND CHARLES MUSKELLEY AKA MIKE SCOTT AND JAMES TRUE BLOOD.

I THOUGHT THIS DAY WILL NEVER COME. I APOLOGIZE TO ALL CONSUMERS FOR WORKING FOR SUCH A HORRIBLE COMPANY. THANK GOD FOR THE FEDS

I LOVE U FTC AND FEDS.

EX CAMCO EMPLOYEE..

PS: FEDS ,IF U NEED SOMEONE TO COLLECT MONEY FROM CAMCO, GIVE ME A CALL. LOLOLO
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#4 UPDATE EX-employee responds

EVERY DOG HAS ITS DAY !!!! THERE IS A GOD. I AM A EX CAMCO EMPLOYEE.

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

U GUYS ARE CROOKS AND HIRE NOTHING BUT CROOKS. TO ALL CONSUMERS GET ALL THE MONIES U CAN , THEY HAVE IT, I KNOW INDIVIDUALS THAT , HAVE BONUS CHECKS UP TO 8,000 AFTER TAXES.

TO THE ATLANTA OFFICE.. THE HEAD CROOK IS BILLY MARTIN (AND CHARLES MUSKELLEY AKA MIKE SCOTT AND JAMES TRUE BLOOD.

I THOUGHT THIS DAY WILL NEVER COME. I APOLOGIZE TO ALL CONSUMERS FOR WORKING FOR SUCH A HORRIBLE COMPANY. THANK GOD FOR THE FEDS

I LOVE U FTC AND FEDS.

EX CAMCO EMPLOYEE..

PS: FEDS ,IF U NEED SOMEONE TO COLLECT MONEY FROM CAMCO, GIVE ME A CALL. LOLOLO
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#5 Consumer Comment

you guys are trying to collect on debts that already have been paid,!!!!!!!!

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

Sarah wake up and smell the coffee, you guys are trying to collect on debts that already have been paid, you never send the proof anyone asks for, you down right nasty to people on the phone, and you guys say you were found not guilty, according to the att. General in your state of Illnois, A fine is GUILT. And you guys just keep on trying to get money that dont belong to you, It's just a matter of time before your doors are closed forever, so if i was you start looking for a different line of work, because you are in a criminal line of work right now.
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#6 Consumer Suggestion

CAMCO undisputed proof that I had credit card protection and I proved it

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

Sara, John read on.

I like everyone else in this thread received a letter from your "agency." I was told so many lies by your agency that I contacted two states Attorney General's Office. After talking to your Mrs. Sanchez, I knew she was lying. I told her several times that I did not owe the debt and that I had credit card protection. What Mrs. Sanchez did was send me a notarized affidavit stating I did not have credit card protection. BAM! Thus the birth of many lies of CAMCO. I had undisputed proof that I had credit card protection and I proved it. Then you decided to try to cut your loses and tried to get me to pay a lower amount.

I didn't pay. A couple of months ago, I received a phone call from the FTC in Dallas/Ft. Worth. I was asked several questions and I was asked to provide documentation of credit card protection. I was also asked to testify in court against your agency in the event the lawsuit was filed.

I agreed.

Then I contacted an attorney.

THANKS FOR THE SETTLEMENT CHECK!!!!!!!!!!!!!!!
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#7 Consumer Suggestion

Oops!

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

I just wanted to specify that I was speaking to John from Rockford, and not David (whose rebuttal was posted before mine). Sorry for any confusion!
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#8 Consumer Comment

Still Another Clown Climbs out of the Little Camco Car

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

* * * * *

THE FINE-CAMCO was not found guilty of any charges, as as required, all employees of the company have a copy of the judgement. No guilt proven or admitted. A fine was paid to stop the accusations which EVERY major collection agency has gone through.

* * * * *

Could you name some other "major collection agencies" who were forced to pay a $300,000 fine to settle a judgment with the FTC? Just two or three will do, if you don't mind.

* * * * *

PROOF OF DEBT-As "Sarah" stated all of the proof required by law is there. Proof the debt is owed. Proof the debt belongs to a certain individual. Proof the debt is owned by CAMCO> Put very simple. What more proof do you need.

* * * * *

Considering that at least some of the people posting here have claimed they did NOT owe the debt that Camco alleged they owed, it appears that a bit more proof is required... for example, a copy of the debtor's signature showing s/he had agreed to pay the debt, a copy of all payments made on the debt, etc. Any legitimate collection agency would be able to get these things upon request: none would try sending a notarized "affidavit" saying "I know for sure that this person owes this debt, really."

In my case, the "debt" which Camco alleged I owed had been paid over 10 years ago. To try to collect this fictitious debt, Camco employees threatened to contact my employer, to place the debt on my credit report, and to poison my credit report with "hard inquiries" until I paid it. They also used profanity and were abusive. All of the above are major violations of the FDCPA, and based on the reports here, it looks like this is SOP for Camco.

* * * * *

STATUTE OF LIMITATIONS-Correct, most of CAMCO's accounts cannot be put on your credit report because of the statute of limitations. But for those out there who think that is no longer owed, think again. The statute of limitations applies only to judicial remedies. CAMCO cannot sue debtors or garnish their wages. They can, however ask people to pay the bill they know is theirs, and that is what they do. Believe it or not there are honest people left out there who want to pay their bills, and for some reason couldn't take care of them in the past but are willing to now.

* * * * *

The problem is that Camco employees try to engage in scare tactics and threats to get these payments, even when they know that they can't garnish wages, send people to prison, etc. Again, these are all major violations of the FDCPA. You know this, and I know this, and so does everyone else reading this board.

* * * * *

In fact, I know who "sarah" is and it is actually her dunning name! So what have we learned? The only angry people are the ones who owe CAMCO money. Now isn't that strange?

John - Rockford, Illinois
U.S.A.

* * * * *

If I were your boss I'd be telling you, "Sarah" and the rest of your Gang of Idiots to stay far away from this and other boards. You're not helping your cause, and quite a few of you have made admissions which could prove extremely damaging in the inevitable upcoming court cases.
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#9 Consumer Suggestion

Camco legit? They had my social security number, but the name on the bill wasn't mine

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

I first got a letter from Camco last year. It was addressed to a person with a name similar to my youngest daughter, but the spelling was wrong, the middle initial was wrong, and it looked like they were trying to hyphenate the last name. One of the last names was mine, but the second one was not mine - or my daughters married name. I read the letter and assumed it was sent to me by mistake.

I called Camco and was told I had to pay the bill right then. But wait - this isn't my bill. They had my social security number, but the name on the bill wasn't mine. Then clearly it was identity theft. NO, they said, it was your daughter who did it in 1990. But she was only 10 then, I said. Then it must have been your ex-wife. She wasn't my ex until 1995. Too bad, you owe it anyway. Send me proof. Only if you pay. I fell for it. Then I researched it and found the history of this company. I further found I never owed the debt to the company they claim I had owed it to because I called the company. I put a stop payment on the check and sent Camco a letter to cease and desist. 8 months later they're after me again for the same "debt". Still no proof. I've written them a letter with a copy to FTC and the Illinois Attorney General telling them, again, to either offer proof or take me to court.

By the way, the "proof" they sent last year was simply a notarized statement that the debt had been purchased from another company and that permission was given to collect the debt. The name of the person on the debt is still not me, but because my SSN is assigned to it they claim it's mine. So sue me and see who wins.
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#10 Consumer Suggestion

Dude.

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

You're an idiot. I hate to use the word 'dude', but sometimes it just fits.

I would recommend listening to Scott from Akron. In fact, in some ways I almost recommend fearing him. A couple of months back, I emailed him for some information regarding a different company. Long story short: AOL was telling my boyfriend that he owed three months worth of AOL service ... when he called an canceled, and his computer was UNPLUGGED in a closet in my apartment.

Let's just leave out the fact that he was 300 miles away, in a BFE town in Wisconsin, where the closest dialup number is 35 miles away, and I have my own internet service, so it wasn't me. At any rate. I sent Scott some information, he sent me some information. We haven't heard from the collectors ... and hmmmm ... it's not on his credit report anymore!

My point is simply this. Anyone who reads these threads on CAMCO is well aware that Scott knows EXACTLY what he is talking about. As far as a dunning name, I'm going to guess through process of elimination that it's a fake name. If that's the case, does that mean that I can use a fake name at work? People threaten to kill me all the time because they don't like their phone bill.

I think I'll be Nikki from now on. I always liked that name better.

Sorry about that. All I really meant to say was: DUDE. YOU'RE AN IDIOT. SHUT IT.
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#11 Consumer Comment

Legal obligations, Moral oplications

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

This site is loaded with complaints where corporations and companies did not do the morally right thing. They stuck to their legal guns and ripped off customers by hiding behind fine print and biased corporate laws.

I've got some old debt outside of the statute of limitations and guess what. You can't legally make me pay it. Don't talk to me about what is the "right thing to do" I'm under no moral obligation to pay it either! I learned that lession from dealing with corporate America.
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#12 UPDATE Employee

in sarah's defense

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

Let's get some stuff cleared up about this whole CAMCO thing. First of all, half of the nit wits who posted rebuttals to "Sarah" can't even spell correctly much less make a valid and truthful point!

THE FINE-CAMCO was not found guilty of any charges, as as required, all employees of the company have a copy of the judgement. No guilt proven or admitted. A fine was paid to stop the accusations which EVERY major collection agency has gone through.

PROOF OF DEBT-As "Sarah" stated all of the proof required by law is there. Proof the debt is owed. Proof the debt belongs to a certain individual. Proof the debt is owned by CAMCO> Put very simple. What more proof do you need.

STATUTE OF LIMITATIONS-Correct, most of CAMCO's accounts cannot be put on your credit report because of the statute of limitations. But for those out there who think that is no longer owed, think again. The statute of limitations applies only to judicial remedies. CAMCO cannot sue debtors or garnish their wages. They can, however ask people to pay the bill they know is theirs, and that is what they do. Believe it or not there are honest people left out there who want to pay their bills, and for some reason couldn't take care of them in the past but are willing to now.
LIST OF ADDRESSES-ok now this is just dumb. CAMCO is a major company. They have more than 1 office as well as P.O. Boxes. Now why the P.O. boxes one might ask? Because......

THE WHITE POWDER-Goes to show how disgruntled people get and why the employees.....
DONT USE THEIR REAL NAMES!! Isn't it strange how it all ties together? ( Just so it's clear it is lawful to use what is called a "dunning" name as long as the same name is used all of the time. an employee can't be john one day and bill the next.

employees have one name assigned to them so if you get a call from "joe jones" camco knows that joe jones is actually mike doe. get it?)In fact, I know who "sarah" is and it is actually her dunning name! So what have we learned? The only angry people are the ones who owe CAMCO money. Now isn't that strange?
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#13 Consumer Comment

SCAM, SCAM, SCAM

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

You don't have to pay if it is past the statue of limitations. They are just hoping that they can contact someone that doesn't know the law and will pay up. Something should be done to shut this company down and maybe Sarah and the rest of the losers that work for this company and get a respectable job.
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#14 REBUTTAL Individual responds

Best Practices

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

I read the post from - Sarah - who sounds very much like a CAMCO employee.

First you tell everyone you better pay your bills and CAMCO having affadavits. I don't think so.

The problem I came across with this entire scam, the copmany CAMCO claimed they bought the debt from and CAMCO themselves could produce an original account number or have ANY proof I even owned the debt they are claiming to collect on.

Then there is a fraudulent amount posted which eh-hem according to CAMCO includes fees, and interest. If the account is charged off as CAMCO stated, then there are no more interest and fees. The debt collection company takes the debt (at a much smaller fee) and attempts to collect on the amount. They usually settle for a smaller fee (which is still more than what they paid to assume to account from the original debt) so they still make money.

Now CAMCO on the other hand has complaints out the ying-yang and ohh didn't know about the lawsuit (Thank you to the other posters on here). And I am sure MORE are on the way as we speak and sleep. When you call there, the people are not who they say they are, and you aren't calling whereever. You have a LIST of addresses, which is crazy when the NEWS headlines show you moved to Rockford Illinois. So why all the misrepresentation. If a company is so legit, and practicing in legal activities, it will not have to participate in such activities.

Maybe CAMCO needs to stop their illegval activities, regroup, and start again. We are in the Post ENRON scandal days so nowadays the feds and concerened citizens do not have a problem doing what it takes to bring a company participating in illegal practices - to it's knees. And thanks to the Internet, people can meet others who have been victimized and take a stand.

Oh my look here is the article: http://www.ftc.gov/opa/2004/03/camco.htm
and maybe you should do your own internet search to find the number of folks CAMCO has harassed.

So Sarah, it may be important the next time to not come on a board like this to try to post irately, and uhhmm know the full facts before you try to back your employer.
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#15 Consumer Suggestion

Sarah = a moron

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

You have all the brains of a peanut and know nothing about the FDCPA. your affadavits are about as worthless as the pathetic company you work for. LOL all the proof you need? hahaha. You are being sued now for your phony affadavits of assignment. The senior attorney for the illinois attorney general's office is running another investigation on you.

If you follow the laws why did the FTC fine your scummy company $300,000 and why are they now considering criminal charges against your officers? Oopsy bet you did not know that. Now you pissed off someone so much they sent you some 'white powerder'(yes they were dead wrong to stoop to your company's low standards'.

The fact is your company is nearing its end. There is nothing you can tell me that I do not know about. There is no lie you can spread that I cannot shoot down. Remember I know people in your company i.e. moles. I know past managers. I know the parents of the collectors who are concerned for their children. I have a tape of 2 of your collectors breaking the law for someone I am helping. My email is full of your victims. Your company is finished.
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#16 Consumer Suggestion

Sarah, Sarah, Sarah....

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

Can you explain to us why CAMCO is not obligated to collect the FULL amount of these alleged debts??? If a person owes $1000 why would CAMCO offer to settle for $600 or $700??? You just stated that these people owe this money and should pay 'what is owed'. Why can't CAMCO take these people to court and collect the FULL amount owed?? Surely you must have a believable answer......
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#17 Consumer Comment

Umm, Sarah...

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

First of all, Camco recently paid a $300,000 fine to the FTC for repeated and persistent violations of the FDCPA.

Secondly: you need far more than a typed affidavit saying "I bought this debt from X, and therefore you need to pay me" to collect a debt in court. You need evidence that the debt actually exists and that the person in question is the debtor. If you don't have some record of the person opening the account, or any record of payments, you're not going to have a leg to stand on in court.

Third: the debts which Camco buys are well past the statute of limitations for filing suit or for filing a report with a collection agency.

You know all this, and your fellow Camco employees know this. The only way you get people to give you money is by bullying and empty threats.

Those empty threats are a violation of the FDCPA, by the way. Threatening to garnish wages or take someone to court -- as Camco employees regularly do -- is a FDCPA violation. Threatening to contact an employer or another creditor is a violation of the FDCPA -- look for the words "unauthorized third-party disclosure" on the Internet sometime, or ask your supervisors about it. Threatening to list a debt with a credit reporting agency when you know you can't is a FDCPA violation.

I trust my point has been made.
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#18 UPDATE Employee

pay your bill! Camco has an affadavit for each account they have stating the account has not been paid

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

For all of the debtors out there who think camco is a scam and they shouldn't pay their bill, they need to read up on the law. Camco has an affadavit for each account they have stating the account has not been paid and that they are the current owner of the account making the debt owed to them.That is the only validation required by law, as well as the name of the original creditor if requested. It is not something "they just made up themselves". Camco is governed by the FTC as well as follows the laws of the FDCPA. They do not attempt to collect a debt that is not owed. The people complaining just dont want to take responsibilty for their bills and pay them so they will try anything to get out of it. Camco is not a scam. The only scam going on is the thousands of people who run up credit card bills or take out loans and never repay them, and then get upset when a company tries to collect what is owed.
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#19 Consumer Suggestion

Take Action

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

I too have received a fraudulent bill from them.

I suggest you call your local United States Post Office and tell them you need to file a Mail Fraud Report.

If you are receiving Phone calls, then contact your local Phone Company.

I also suggest you call the Illinois Attorney General's Office (the Chicago location who is handling the reports against this company to file your own complaint) The number: 3128143000

Wish you well.
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