Complaint Review: CAMCO - Capital Acquisitions And Management Co.

BBB Reliability Report



CAMCO, Inc.
P.O. Box 5087
Rockford, IL 61125


General Information

Original Business Start Date: July 1997
Principal : Mr. Jeffery Garrington Compliance Officer
Phone Number: (866) 745-5420
Fax Number: (815) 968-1577
Type-of-Business Classification: Credit-Collection Agencies

The information in this report has either been provided by the company, or has been compiled by the Bureau from other sources.


Nature of Business

Capital Acquisitions & Management Company also known as CAMCO purchases delinquent accounts either directly from the original creditors or from a subsequent holder of accounts. Any accounts that they are collecting on are believed to be owed and therefore now owed to CAMCO. It is important to remember that each state has its own Statues of Limitations applicable to unpaid debts which could be anywhere from four to ten years. However in most states, including Illinois, the expiration of that the Statue of Limitation merely extinguishes the right to sue on or other wise legally enforce the debt, and does not extinguish the debt itself. There does not appeared to be anything that prohibits a collector from seeking voluntary payment of the debt as long as the collector does no pursue or threaten the debtor with litigation. CAMCO will provide verification of the debt upon request and if CAMCO is unable to provide verification of the account the account is cancelled and will not be resold.


Customer Experience

The complaints on file allege that representatives have been rude and/or the consumers allege that they do not own the debt or it has been discharged in bankruptcy.

When evaluating complaint information, please consider the company's size and volume of business. The number of complaints filed against the company may not be as important as the type of complaints and how the company handled them.

Closed Complaints
Number of complaints processed by the BBB in last 36 Months: 328
Number of complaints processed by the BBB in last 12 months: 211


Complaints Concerned
Sales Issues: 1
Outcome of the complaint -
Resolved: 1

Repair or Service Issues: 1
Outcome of the complaint -
Resolved: 1

Product Quality Issues: 1
Outcome of the complaint -
Resolved: 1

Refund or Exchange Issues: 3
Outcome of all complaints -
Resolved: 3

Contract Issues: 3
Outcome of all complaints -
Resolved: 3

Customer Service Issues: 163
Outcome of all complaints -
Resolved: 162; Unresolved: 1

Credit or Billing Issues: 156
Outcome of all complaints -
Resolved: 155; Unresolved: 1



Licensing Information

This company is in an industry that may require licensing, bonding or registration in order to lawfully do business. The Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.

Additional Information

Additional Doing-Business-As Names: Camco
Camco Acquisitions and Mgt. Co
Capital Acquisitions & Management Co
Captial Acquisition and Manage
Additional Addresses: 303 N Main St, Rockford, IL 61101
303 N. Maine, Rockford, IL 61101
854 E. Algonquin Rd.P.O. Box 5087, Rockf, Schamberg, IL 60173
Additional Phone Numbers: 866-745-5420
815-968-1577 Fax
888-320-3144
877-298-0845
847-303-5145
876-951-6865


Company Management

Additional company management personnel include:
Ms. Sue Faber Administration
Mrs. Sara Fredrick
Mr. Eric Woldoff President
Ms. Reese Waugh Ex VP/COO


Educational/General Comments

As with any business transaction, be sure to read all agreements, guarantees, and instructions before signing. Do not be pressured into signing an agreement before you are ready and you understand all terms and conditions. Make sure all oral promises are put in writing. Be wary of vaguely worded provisions, exclusions or limitations which could pose a problem later. Never sign a contract with sections left blank.

Report as of 03/12/2004

Judy
Castro Valley, California
U.S.A.

Click here to read other Rip Off Reports on Camco

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