• Report: #65838

Complaint Review: Capital Acquisitions and Management Company

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  • Submitted: Sun, August 17, 2003
  • Updated: Thu, August 21, 2003

  • Reported By:TUSTIN California
Capital Acquisitions and Management Company
303 N. Main Street Rockford, Illinois U.S.A.

Capital Acquisitions and Management Company AKA CAMCO ripoff They're threatening to come to my house and collect a bogus debt. Rockford Illinois

*Consumer Comment: Theresa - Rockford, Illinois, Sounds like you are condoning Illegal practices concerning debts that are out of limitations.

*Consumer Comment: Teresa Are you getting a raise to promote bad business?

*Consumer Suggestion: Teresa - how ironic!! ..NO STATUTE of limitations for rape victims

*Consumer Comment: Typical CAMCO Employee ..jump off your moral soapbox and go back to school

*Consumer Comment: Teresa, You lie, cheat, and steal from consumers

*UPDATE Employee: a bill is a bill

*UPDATE Employee: a bill is a bill

*UPDATE Employee: a bill is a bill

*Consumer Comment: Time to sue.

*Consumer Comment: TO BRENDA: File Complaints and don't give up!

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THIS COMPANY CALLED MY HOME AND CLAIMED THAT I OWED "AN OLD DEBT FROM 12 YEARS AGO WITH BANK OF AMERICA". THEY SAID THE AMOUNT I OWED WAS $1200.00 BUT THEY WOULD BE WILLING TO SETTLE IT FOR $300.00 OVER THE PHONE.

I TOLD THEM IT I HAD NEVER HAD AN ACCOUNT WITH B OF A AND THEY BECAME THREATENING. I THEN INSTRUCTED THEM TO SEND ME SOME DOCUMENTATION PROVING THAT I OWED WHAT THEY SAID I DID, AND THAT I WAS NOT GOING TO GIVE THEM ANY INFOR OVER THE PHONE.

THE MAN BECAME MORE THREATENING AND SAID HE HAD ALL THE INFORMATION HE NEEDED ON ME - THEN HE READ MY SOCIAL SECURITY NUMBER TO ME LISTED SEVERAL ACCOUNTS THAT I DO HAVE - (HE HAD MY CREDIT REPORT IN FRONT OF HIM) AND THEN TOLD ME WHAT BANK MY CHECKING ACCOUNT WAS LOCATED AT. HE SAID HE MAY JUST "SHOW UP AT MY DOOR".

I CALLED THE SHERIFF'S DEPARTMENT AND FILED A REPORT ABOUT THE THREATS. THEY PUT A TAP ON MY PHONE TO TRACE THE CALLS. THEN, CAMCO SENT ME A STATEMENT IN THE MAIL SAYING THAT I OWE OVER $2,000.00 AND HAVE CONTINUED TO CALL ME. I SENT THEM A REGISTERED LETTER, BUT THEY ARE STILL CALLING DAILY.

Brenda
TUSTIN, California
U.S.A.

This report was posted on Ripoff Report on 08/17/2003 11:31 AM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-Acquisitions-and-Management-Company/Rockford-Illinois-61125/Capital-Acquisitions-and-Management-Company-AKA-CAMCO-ripoff-Theyre-threatening-to-come-t-65838. 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 10Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Theresa - Rockford, Illinois, Sounds like you are condoning Illegal practices concerning debts that are out of limitations.

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

Sounds like you are condoning Illegal practices concerning debts that are out of limitations. If a man rapes a woman and the woman does not report it for 7 years, it is out of the SOL. There is no eveidence to support it. Yes you can call 1 time a day, until said consumer tells you to Cease & Desist. I have my clients write, or I do, letters that are sent registered and directly to the collection agencies doors, so that someone has to sign for them. Once the agency receives that letter, and responds with a phone call, you are then considered to be harassing that client. Once a client also requests documentation proving this debt you are required and bound by law to provide that documentation, or the client's have rights to contact the original creditor to demand proof that such an account exists and has been sold or contracted to your company. Also, you are also required by the FCRA, Section 604, proving you have a right and need to legally pull this client's credit reports in order to obtain satisfaction of this debt. The company you pull your reports from, the reporting agencies, your agency, and anyone else that may be involved ie.. attorneys etc., as well as the original creditor can all be fined and sued for damages arising this situation.

You need to do more background and legal verficiation before trying to state your case Theresa, which holds no water, as well as having the evidence to support your claims, such as I have done. You can research the FCRA thru the internet, and print out all 46 pages (as of Jan 7, 2002) to reference to, such as I have done.
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#2 Consumer Comment

Teresa Are you getting a raise to promote bad business?

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

How can you equate rape, which is a criminal act with trying to get something that should be paid to the original creditor if it is not beyond the time that the the state laws and the FCRA AND THE FDCPA? No one tells you to buy these so called debts and no one tells you to not get the complete facts before you try to prey and exthort money from people when we know the original creditor will not be paid by you. Another thing why don't you tell your company to be legal as a debt collector in the states that you engage in "collection activities"? Why do you come to this board? I know why- to try to write tactics to try to get the misinformed comsumer to pay for something they do not have to by law!!! People that could not pay their debts are not criminals like a rapist, but people that con and coerce are! The tactics you people use is against the law and the Leagal collection agencies that abide by the law and are licensed should complain about you. The FTC and the attorney generals in many states are receiving many complaints about you, and in my state they are taking letters you and your sister companies are sending to people here for violation of the law here for each company not being registered and lisenced. You people make me sick and there is a FTC law against getting a credit report without permission, it is called "Pretexting". If I was this lady I would have you in court and I would complain to the FTC about you because the debt is SOL, you have no permissible right to obtain a credit report on a person.
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#3 Consumer Suggestion

Teresa - how ironic!! ..NO STATUTE of limitations for rape victims

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

That you make a comparison to "rape". FIRST - there is virtually NO STATUTE of limitations for rape victims - where as being in debt is just sad and usually unintentional which is WHY it is forgiven in 7 years(unless a judgement is filed by the ORIGINAL creditor or the person in debt seeks and receives bankruptcy protection) as far as the CRA's go (or 10 years for bankruptcy). CAMCO is completely illegal and illicit - CAMCO can do nothing - once a debt is charged off - the debtor OWES NOTHING - once the creditor has taken the write-off for the loss the debtor owes NOTHING - if the creditor pursues the charge off afterwards the debtor should contact the IRS as the creditor TOOK A TAX CREDIT in filing the loss/write-off (since this would be tax fraud). CAMCO buys these "old" accounts for literal pennies (or much less) on the dollar - call the police FIRST, call the CRA's and advise them that giving your PERSONAL CONFIDENTIAL credit info to parties that have NO ligimate need (or your WRITTEN PERMISSION) will result in legal actions. there are several groups putting together class action lawsuits against companies like CAMCO and they'll win - see - when a loser, bottom-feeder, scum-bag bully tries to stick it to the little guy (consumer) THAT'S RAPE - thank you teresa for providing me with such a vivid metaphor to describe people like you and your co-workers/managers - RAPISTS!
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#4 Consumer Comment

Typical CAMCO Employee ..jump off your moral soapbox and go back to school

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

So Teresa, CAMCO is now an AQUAsitions company? How much damn water do you have to aquire to make a decent living? Seems to me you need to get out your checkbook and take some college courses, or better yet, go back and get your GED. Comparing rape to an old debt? Teresa, go get a real job!! With your limited education, even you can say, "Would you like to supersize that order?" Hell, most of the time the debts you call on don't even exist. So, jump off your moral soapbox and go back to school.
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#5 Consumer Comment

Teresa, You lie, cheat, and steal from consumers

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

You are so stupid, so poorly educated, that you cannot even spell the name of your company correctly. IT is acquisitions not aquasitions. Are you going into the swimming business next? Your company is a scam organization.

You lie, cheat, and steal from consumers. Most of your debts are made up or discharged in BK. You get sued on a daily basis and you always LOSE.

Your employees are high school dropouts, drug addicts, and alcoholics.

You fire people not for breaking the FDCPA but actually following it. Heck, I have even gotten emails from parents of some of the collectors who are very concerned for their welfare of their children. They know, as well I know, that you people are 1 step away from civil and criminal troubles. I get emails from your current collectors who are concerned about the abuse they hear from others.

I get emails from former employees and even managers who were abused and harrassed. I have gotten emails from no less than 5 attorneys seeking advice and information about your company and they are wiping your funds out.

You can keep hiding cash in jamaica but someone will get to it someday. Heck, word is Camco had to change its pay scale and cut back on your hefty salaries because all of those judgments against them are starting to hurt.

Now it seems you have bought a bunch of bogus debt from commercial credit and I have fielded over 100 emails in the last week from your victims. You are about to see a wave of lawsuits and I hope you enjoy them.

Go back to school and get your education and stop being a blood sucking leech. Do something good with your life.
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#6 UPDATE Employee

a bill is a bill

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

CAMCO IS AN AQUASITIONS COMAPNY TRUE WE DO BY OLD DEBTS AND COLLECT WHAT IS DUE AND BECAUSE WE BUY THESE DEBTS AT A LOWER RATE WE CAN OFFER THE CONSUMER THAT SAME AMOUNT TO RELEASE THEM ENTIRELY FROM THE DEBT, WHICH IS WHY WE CAN SETTLE AT LOWER SUMS. PEOPLE SAY THAT THESE DEBTS ARE OLD AND ARE PAST THE SOL TIME BUT TIME DOESN'T MATTER IF YOU BORROW MONEY YOU PAY IT BACK YOU DON'T WAIT TILL 10-15 YEARS PASS BY SO THAT YOU ARE WITHIN THE SOL, THAT IS A COWARDLY THING TO DO. IF A MAN RAPED A WOMAN AND WAS NEVER FOUND UNTIL 15 YEARS LATER WOULD THE WOMAN STILL PRESS CHARGES AND WOULD THE MAN STILL GET CONVICTED? OF COURSE TIME MEANS NOTHING YOU PEOPLE NEED TO PAY YOUR BILLS AND QUIT MAKING EXECUSES. LEGALY AND ACCORDING TO THE FDCPA CAMCO CAN MAKE 1 PHONE CALL PER DAY TO THE DBTR SO READ THE FDCPA GET OUT YOUR CHECK BOOK AND PAY YOUR BILLS.
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#7 UPDATE Employee

a bill is a bill

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

CAMCO IS AN AQUASITIONS COMAPNY TRUE WE DO BY OLD DEBTS AND COLLECT WHAT IS DUE AND BECAUSE WE BUY THESE DEBTS AT A LOWER RATE WE CAN OFFER THE CONSUMER THAT SAME AMOUNT TO RELEASE THEM ENTIRELY FROM THE DEBT, WHICH IS WHY WE CAN SETTLE AT LOWER SUMS. PEOPLE SAY THAT THESE DEBTS ARE OLD AND ARE PAST THE SOL TIME BUT TIME DOESN'T MATTER IF YOU BORROW MONEY YOU PAY IT BACK YOU DON'T WAIT TILL 10-15 YEARS PASS BY SO THAT YOU ARE WITHIN THE SOL, THAT IS A COWARDLY THING TO DO. IF A MAN RAPED A WOMAN AND WAS NEVER FOUND UNTIL 15 YEARS LATER WOULD THE WOMAN STILL PRESS CHARGES AND WOULD THE MAN STILL GET CONVICTED? OF COURSE TIME MEANS NOTHING YOU PEOPLE NEED TO PAY YOUR BILLS AND QUIT MAKING EXECUSES. LEGALY AND ACCORDING TO THE FDCPA CAMCO CAN MAKE 1 PHONE CALL PER DAY TO THE DBTR SO READ THE FDCPA GET OUT YOUR CHECK BOOK AND PAY YOUR BILLS.
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#8 UPDATE Employee

a bill is a bill

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

CAMCO IS AN AQUASITIONS COMAPNY TRUE WE DO BY OLD DEBTS AND COLLECT WHAT IS DUE AND BECAUSE WE BUY THESE DEBTS AT A LOWER RATE WE CAN OFFER THE CONSUMER THAT SAME AMOUNT TO RELEASE THEM ENTIRELY FROM THE DEBT, WHICH IS WHY WE CAN SETTLE AT LOWER SUMS. PEOPLE SAY THAT THESE DEBTS ARE OLD AND ARE PAST THE SOL TIME BUT TIME DOESN'T MATTER IF YOU BORROW MONEY YOU PAY IT BACK YOU DON'T WAIT TILL 10-15 YEARS PASS BY SO THAT YOU ARE WITHIN THE SOL, THAT IS A COWARDLY THING TO DO. IF A MAN RAPED A WOMAN AND WAS NEVER FOUND UNTIL 15 YEARS LATER WOULD THE WOMAN STILL PRESS CHARGES AND WOULD THE MAN STILL GET CONVICTED? OF COURSE TIME MEANS NOTHING YOU PEOPLE NEED TO PAY YOUR BILLS AND QUIT MAKING EXECUSES. LEGALY AND ACCORDING TO THE FDCPA CAMCO CAN MAKE 1 PHONE CALL PER DAY TO THE DBTR SO READ THE FDCPA GET OUT YOUR CHECK BOOK AND PAY YOUR BILLS.
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#9 Consumer Comment

Time to sue.

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

Go the naca.net or file small claims yourself. Enough is enough and it is time to sue them. Under the FDCPA you are entitled to sue not only the company but the actual collector who continues to call you. I would highly suggest you file against both parties. If you wish to settle with camco out of court for $1000 minimum that is fine but I would just remove them from the lawsuit and make the collector show up in california or risk getting a default judgment. Then you go after them as hard as they came after you but this time the debt is in SOL.
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#10 Consumer Comment

TO BRENDA: File Complaints and don't give up!

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

Brenda,

If you looked through this website, you've found hundreds of reports on CAMCO. File a complaint with your local police. File complaints with the FTC and the FBI. Contact you local prosecutor and discuss the matter with them.

These people are scam artists. The fact that they may have had a copy of your credit report may be cause for concern. Contact the credit bureaus and find out who has accessed your credit report. CAMCO had no valid reason why they had your credit report. And that is illegal!

Get an attorney and file legal action against them.
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