CAMCO, Capital Acquisitions & Management ripoff First claimed I owed $25,830.31 from 1983, would not give any information or proof. Now offered to settle for $4.470.22, again no proof. Rockford Illinois

I received a letter dated October 9, 2003 that our Bank of America account which was formerly held by Capital Financial Group, was purchsed by CAMCO. They requested $25,830.31 including interest. I tried to contact them, but was unable to reach anyone.
I received a follow up letter dated December 9, 2003 making an offer to settle for $4,470.22 on a new balance of $25,979.72. I had my son-in-law call CAMCO to find out what this was about. He left a message and received a call back. He asked for the SS# on the loan or at least the last 4 digits, but the man would not give out the information. He said he will give him the address of the originating loan, but their computers were down so would call back. He never called back.

Abraham
Hallandale, Florida
U.S.A.