Capital Acquisitions & Management Co (Camco) deceptive company Rockford Illinois
I also recieved a call from a lady, months ago, the different story being, it was my debt, I knew it and acknowledged it.
Set up a payment plan of $25 a month. Sent in a payment, didn't recieve a bill so the next 2 months I blindly sent in payments, this month I misplaced all the information and since I haven't recieved a bill and also wanted confirmation that I was being credited for my payments I came on-line looking for a phone number and came across this.
My debt is old 9-11 years. Are the laws different from state to state? I have only been contacted the once but I don't like what I am reading here, it gives me a bad feeling, I am now worried about what I should do. Any advice?
Cathy
Antioch, Tennessee
U.S.A.
2 Updates & Rebuttals
Cathy
Antioch,Tennessee,
U.S.A.
another question
#3Consumer Comment
Fri, April 11, 2003
~Thank you, for the help but I still don't understand. My big question is can they garnish my paycheck, take a tax return, empty my bank account, anything like that?
Scott
Akron,Ohio,
U.S.A.
well darn
#3Consumer Suggestion
Wed, April 09, 2003
All states are different but it appears that by paying the bill you have reaged the debt. Of course, it still cannot be placed on your credit report as it has been well over the 7 years. Of course, they may not know this so you can always bluff.
THE FOLLOWING TENNESSEE STATUTE APPEARS TO ALLOW RE-AGING IF PAYMENT ON ACCOUNT IS BY A SIGNED CHECK
101. Writing required for action.
(b) (1) No action shall be brought against a lender or creditor upon any promise or commitment to lend money or to extend credit, or upon any promise or commitment to alter, amend, renew, extend or otherwise modify or supplement any written promise, agreement or commitment to lend money or extend credit, unless the promise or agreement, upon which such action shall be brought, or some memorandum or note thereof, shall be in writing and signed by the lender or creditor, or some other person lawfully authorized by such lender or creditor.
(2) A promise or commitment described in subdivision (b)(1) need not be signed by the lender or creditor, if such promise or commitment is in the form of a promissory note or other writing that describes the credit or loan and that by its terms:
(A) Is intended by the parties to be signed by the debtor but not by the lender or creditor;
(B) Has actually been signed by the debtor; and
(C) Delivery of which has been accepted by the lender or creditor.
(c) For purposes of this section, a writing, or some memorandum or note thereof, includes a record.
CAUSE OF ACTION
28-1-102. Commencement at time of right to make demand.
When a right exists, but a demand is necessary to entitle the party to an action, the limitation commences from the time the plaintiff's right to make the demand was completed, and not from the date of the demand.