Complaint Review: CAMCO - Capital Acquisitions & Management

Alberto asked for advice and I gave it to him. Camco unfortunatly CAN run a credit report since they now own the debt. Just like your current credit card companies do every so often to decide whether or not to raise or lower your interest rates. I am not brainwashed. I am an EX-EMPLOYEE who was treated like garbage. If you think that you get disrespected as a debtor, it's worse working for them. I am at the top of the list of people who want to see CAMCO pay for their actions. They are just as hostile to their employees as they are to people whose debts they now own. Trust me, I am on the side of everyone who has been abused by this company.I settled thousands of accounts while I worked there. I ALWAYS sent letters of release to EVERYONE who settled with me. Some of the first accounts that the company started with did not have much proof of the debt, but that doesn't mean that they weren't valid. They are now getting newer accounts in which they do have proof of debt, ie; original contracts with signatures.A lot of the issues that I have seen posted are because of the way that people have been treated by the unfortunately rude associates. Of the thousands of accounts that I was in control of, the majority of them were valid. The reason I know this is because the people would tell me that they knew that they never payed it. The ones that weren't valid the people would show proof of payment in the past or provide bankruptcy documents. I agree that the system sucks. You default with the original creditor then next thing you knew you are dealing with collection agencies for the rest of your life. A cease and desist letter is just going to stop one collection agency, but then a few months later another agency is calling you. If you know that you borrowed money and could not pay it back for whatever reason then theresponsible thing to do is to pay it back when you can. Then when it is paid you make sure you get proof. I don't care what collection agency you pay, ALWAYS get proof of payment letters. Trust me I agree that CAMCO needs to get hit hard, but you also have to question the companies that are selling these debts. Bank of America for instance is one of the worst companies. I have seen many accounts where the person settled a defaulted account with B of A and then the Bank would turn around and sell what was not fully paid. So the B of A customer would think that the account was paid in full. When in reality B of A would take what they could get from you right now and then sell the rest to cover their "loss". When they sell these accounts they send all info of proof of account with it. All the paperwork leaves their control. So when you call to get proof they say that they have no record of the account ever existing. I agree that CAMCO needs to be dealt with, but in order to stop this fraud, we also need to go after these loan shark companies that make it possible for companies like CAMCO to exist. Bottom line if you know you owe the bill, then pay it, if you know you don't owe the bill, then by all means don't dare send ANY collection agency money, and if your not sure investigate. I did not respond to Alberto's letter ro be belittled by someone who doesn't know me or the horrific experience that I had while working for CAMCO. Unless you have been there, don't judge me. I'm not judging you, I was just trying to answer a question and help a fellow citizen. I thought that the purpose of this site was to support people who have been mistreated, not become a forum to berate people who are just trying to help and give insight. Alberto asked if CAMCO does ANY good business. My answer was and still is YES THEY DO, there are some people like myself that went to work for CAMCO wanting to help people, and like myself, when they saw how many people that work there being rude and violating the laws they left.

These sleazy operators play all sorts of games. DONT Call them - Write them a CERTIFIED LETTER demanding that they STOP contacting you. PERIOD ! Also - Check you credit reports - They ARE NOT ALLOWED to run your credit - ILLEGAL! If they did - then file a complaint with the Credit Reporting Agencies AND the Attorney General - The AG wont do a d**n thing - BUT the Credit Reporting Agencies WILL -

Go Get Them - They Are LIARS and the WORST and LOWEST forms of LIFE!

FIGHT BACK! DONT BE INTIMIDATED!

Don't send these clowns ANYTHING but a Cease and Desist Letter and this will all stop. Don't listen to what this "Ex-Employee" says she is still brainwashed from CAMCO

Jeff Garrington of CAMCO has admitted IN WRITING that they have NO DOCUMENTATION whatsoever on these debts. CAMCO is a scam, They buy lists for pennies on the dollar and consistently engage in violations of the FDCPA. IMMEDIATELY send off a letter to this company demanding validation and a cease and desist. Use this one as your template:

SAMPLE LETTER HERE:

Your Name
Your Address

Collector's Name
Collector's Address

Dear Collector,

I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) because I do not believe that I owe what you say I owe.

This is the first I've heard from you, or any other company on this matter therefore, in accordance with Section 809, The Fair Debt Collection Practices Act, I respectfully request that you provide me, in writing, with the following:

What the money you say I owe is for;
Explain and show me how you calculated what you say I owe;

Provide me with copies of any papers that show I agreed to pay what you say I owe;
Provide a verification or copy of any judgment if applicable;

Identify the original creditor;

Show me that you are licensed in my state, and provide me with your license numbers

I also demand that you immediately send a copy of this dispute letter to the company that you say I owe money to so they are aware of my dispute with this debt.

I further demand that, if you have reported me to a credit reporting agency, you inform them that I have placed the debt in dispute and provide me with proof that you have done so.

Finally, stop contacting me about this or any other matter, except via mail and then only to advise me that your debt collection efforts are being terminated or that you or the creditor are taking specific actions such as pursuing court actions.

Your Signature Above Name
Printed Name

**Send this letter to their street address, certified mail return receipt requested! This is extremely important!!

I guarantee you they will not be able to provide legal documentation. What you will receive is some stupid assignment letter with a fake notary, more than likely from Jeff Garrington. THIS IS NOT VALID DOCUMENTATION. Document any and all contact between you and them. File complaints with your state AG, the IL AG, FTC, BBB (even though they are useless), the Post Office (mail fraud if you've received a letter demanding payment). Do whatever you can to make their lives miserable.

If they continue to harass you after receiving your demand letter without validating, you may sue them in Small Claims Court for violating the FDCPA. A judgement of $1000.00 could come your way if they continue to be idiots. And they will.

Jeff Garrington of CAMCO has admitted IN WRITING that they have NO DOCUMENTATION whatsoever on these debts. CAMCO is a scam, They buy lists for pennies on the dollar and consistently engage in violations of the FDCPA. IMMEDIATELY send off a letter to this company demanding validation and a cease and desist. Use this one as your template:

SAMPLE LETTER HERE:

Your Name
Your Address

Collector's Name
Collector's Address

Dear Collector,

I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) because I do not believe that I owe what you say I owe.

This is the first I've heard from you, or any other company on this matter therefore, in accordance with Section 809, The Fair Debt Collection Practices Act, I respectfully request that you provide me, in writing, with the following:

What the money you say I owe is for;
Explain and show me how you calculated what you say I owe;

Provide me with copies of any papers that show I agreed to pay what you say I owe;
Provide a verification or copy of any judgment if applicable;

Identify the original creditor;

Show me that you are licensed in my state, and provide me with your license numbers

I also demand that you immediately send a copy of this dispute letter to the company that you say I owe money to so they are aware of my dispute with this debt.

I further demand that, if you have reported me to a credit reporting agency, you inform them that I have placed the debt in dispute and provide me with proof that you have done so.

Finally, stop contacting me about this or any other matter, except via mail and then only to advise me that your debt collection efforts are being terminated or that you or the creditor are taking specific actions such as pursuing court actions.

Your Signature Above Name
Printed Name

**Send this letter to their street address, certified mail return receipt requested! This is extremely important!!

I guarantee you they will not be able to provide legal documentation. What you will receive is some stupid assignment letter with a fake notary, more than likely from Jeff Garrington. THIS IS NOT VALID DOCUMENTATION. Document any and all contact between you and them. File complaints with your state AG, the IL AG, FTC, BBB (even though they are useless), the Post Office (mail fraud if you've received a letter demanding payment). Do whatever you can to make their lives miserable.

If they continue to harass you after receiving your demand letter without validating, you may sue them in Small Claims Court for violating the FDCPA. A judgement of $1000.00 could come your way if they continue to be idiots. And they will.

Jeff Garrington of CAMCO has admitted IN WRITING that they have NO DOCUMENTATION whatsoever on these debts. CAMCO is a scam, They buy lists for pennies on the dollar and consistently engage in violations of the FDCPA. IMMEDIATELY send off a letter to this company demanding validation and a cease and desist. Use this one as your template:

SAMPLE LETTER HERE:

Your Name
Your Address

Collector's Name
Collector's Address

Dear Collector,

I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) because I do not believe that I owe what you say I owe.

This is the first I've heard from you, or any other company on this matter therefore, in accordance with Section 809, The Fair Debt Collection Practices Act, I respectfully request that you provide me, in writing, with the following:

What the money you say I owe is for;
Explain and show me how you calculated what you say I owe;

Provide me with copies of any papers that show I agreed to pay what you say I owe;
Provide a verification or copy of any judgment if applicable;

Identify the original creditor;

Show me that you are licensed in my state, and provide me with your license numbers

I also demand that you immediately send a copy of this dispute letter to the company that you say I owe money to so they are aware of my dispute with this debt.

I further demand that, if you have reported me to a credit reporting agency, you inform them that I have placed the debt in dispute and provide me with proof that you have done so.

Finally, stop contacting me about this or any other matter, except via mail and then only to advise me that your debt collection efforts are being terminated or that you or the creditor are taking specific actions such as pursuing court actions.

Your Signature Above Name
Printed Name

**Send this letter to their street address, certified mail return receipt requested! This is extremely important!!

I guarantee you they will not be able to provide legal documentation. What you will receive is some stupid assignment letter with a fake notary, more than likely from Jeff Garrington. THIS IS NOT VALID DOCUMENTATION. Document any and all contact between you and them. File complaints with your state AG, the IL AG, FTC, BBB (even though they are useless), the Post Office (mail fraud if you've received a letter demanding payment). Do whatever you can to make their lives miserable.

If they continue to harass you after receiving your demand letter without validating, you may sue them in Small Claims Court for violating the FDCPA. A judgement of $1000.00 could come your way if they continue to be idiots. And they will.

Jeff Garrington of CAMCO has admitted IN WRITING that they have NO DOCUMENTATION whatsoever on these debts. CAMCO is a scam, They buy lists for pennies on the dollar and consistently engage in violations of the FDCPA. IMMEDIATELY send off a letter to this company demanding validation and a cease and desist. Use this one as your template:

SAMPLE LETTER HERE:

Your Name
Your Address

Collector's Name
Collector's Address

Dear Collector,

I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) because I do not believe that I owe what you say I owe.

This is the first I've heard from you, or any other company on this matter therefore, in accordance with Section 809, The Fair Debt Collection Practices Act, I respectfully request that you provide me, in writing, with the following:

What the money you say I owe is for;
Explain and show me how you calculated what you say I owe;

Provide me with copies of any papers that show I agreed to pay what you say I owe;
Provide a verification or copy of any judgment if applicable;

Identify the original creditor;

Show me that you are licensed in my state, and provide me with your license numbers

I also demand that you immediately send a copy of this dispute letter to the company that you say I owe money to so they are aware of my dispute with this debt.

I further demand that, if you have reported me to a credit reporting agency, you inform them that I have placed the debt in dispute and provide me with proof that you have done so.

Finally, stop contacting me about this or any other matter, except via mail and then only to advise me that your debt collection efforts are being terminated or that you or the creditor are taking specific actions such as pursuing court actions.

Your Signature Above Name
Printed Name

**Send this letter to their street address, certified mail return receipt requested! This is extremely important!!

I guarantee you they will not be able to provide legal documentation. What you will receive is some stupid assignment letter with a fake notary, more than likely from Jeff Garrington. THIS IS NOT VALID DOCUMENTATION. Document any and all contact between you and them. File complaints with your state AG, the IL AG, FTC, BBB (even though they are useless), the Post Office (mail fraud if you've received a letter demanding payment). Do whatever you can to make their lives miserable.

If they continue to harass you after receiving your demand letter without validating, you may sue them in Small Claims Court for violating the FDCPA. A judgement of $1000.00 could come your way if they continue to be idiots. And they will.

If you read the postings on this site, you will see that sCAMCO is unable to do that. What trouble does a paid in full letter save if you have to put up with subsequent pond scum like sCAMCO? This gentleman should send a cease and desist letter via certified mail, return receipt requested. If sCAMCO is such an fine upstanding company, why are they being sued regularly, why are there numerous complaints with the FTC, the BBB and several states Attorneys General? You don't sound legitimate, Christina, and I hope people do a bit more research on the subject so that they don't get ripped off by outfits like sCAMCO.

Well over half of camcos accounts and either bogus or or they were BKed years past. They will NEVER NEVER NEVER send you any release papers. NEVER NEVER. Get it? Shall I repeat? NEVER NEVER. If you pay them off I GUARENTEE they will sell the remaining potion of the debt to whitewing financial who will start the harrassment all over again. NEVER pay them a dime. Nothing. Zero. Zilch. You will regret it. This company is completely powerless. One letter with a cease and desist certified mail and they are FINISHED. They cannot sue and they cannot place it back on your credit report. The only jobs these people need are making hubcaps in prison which coincidentally is where their senior management will be in the next 1-2 years after their suprise hits.

Hi Alberto;

My suggestion is to call the representative back at the end of the month and see what bill they are contacting you about. If it is a bill that you know you owe, offer to settle for 10-40%. The reason I say the end of the month is because everyone has a goal to meet. They are more willing to close the account out very low just to hit their goal. When you settle the account. Make sure you get a letter of release stating that the account was paid. Keep that letter in a file of paid accounts. The reason I say keep it is because they will sell the remaining balance to another company. Which is very legal to do. When the new company contacts you, all you have to do is send a copy of the letter of payment and they cannot contact you again. Unfortunately, that cycle can continue forever. Personally, I would rather settle the account and just have to send a copy of payment every so often to new companies, than have to fight with these companies years from now about a bill you already paid. So make sure you treat that letter of release like gold. It will save you a lot of trouble in the long run. As far as the statute of limitations; every state has a different length of time for judicial pursuit. Which means that after the statute of limitations is up you cannot be sued for the balance. It is very legal to continue to collect on accounts that are past the statute of limitations. If it was not legal, then companies like this would not exist. So if you know that this account is valid then I hope this information is helpful. If it is an account that you have already paid, then I hope you have proof of payment to send them. Once you do that then they cannot contact you anymore and the account will be sold. If you don't have proof, then you will be writing cease and disist letters for the rest of your life to any agency that buys the account. Good luck. I hope this helps you.