Capital Acqusitions & Management Company (CAMCO) consumer rip-off fraud harrassment Rockford Illinois
This company purchases account receivables at a discount! That is, the older the account the cheaper they can purchase. These nuts (CAMCO) have been calling for about 2 months, sometimes 8 or more times per day. When they call, they use a phone so that their number appears as "unavailable" in your caller ID. Most of the time they hold the phone and don't say anything, then they hang-up and call again. This process is repeated until one of them wants to talk.
They told me they were trying collect a debt I owed Citi Bank in 1990. They said, based on $2,861.92, they would accept a one-time-payment of $975.00. I recently found out that they had purchased this same account from Fourscore Resource Capital. I am fairly well versed in account receivable purchases, because I was going to into that business back in 1987 but I changed my mind because I did not like manner one had to use to make a buck.
I currently have a triple "A" credit rating. I plan on sending them a cease and desist letter. Let's ban together and put these birds, and others like them, out of business.
Chris
Albany, New York
U.S.A.
Christopher
Albany, New York
U.S.A.
3 Updates & Rebuttals
Roger
Dallas,Texas,
U.S.A.
Yeah Right, Nice try except the phone calls quit as soon as I sent the cease and decist letter
#4Consumer Comment
Tue, November 11, 2003
Nice try except the phone calls quit as soon as I sent the cease and decist letter. It was Camco no doubt about that.
Eugene
Moreno Valley,California,
U.S.A.
Maybe Camco didn't make all those calls
#4Consumer Comment
Tue, November 11, 2003
You mentioned that sometimes they would say nothing and just hang up. That may or may not be evidence of one of Camco's calls.
Another possible explanation is that one of the predictive dialers of some telemarketing company picked your phone number and then dropped it because they didn't have any salesman available in time. If it isn't picked up within 10 seconds, the computer drops the call.
These machines are called "predictive dialers" because they anticipate the delay between calls and try to get another prospect set up on the line just when a salesman is ready to pick it up, thus saving them time. So, you can't blame all the "blank" calls on Camco necessarily, only when someone talks and you recognize the voice or characteristics.
Roger
Dallas,Texas,
U.S.A.
Phone calls explained
#4Consumer Comment
Tue, August 12, 2003
Now I know why I have been getting the hang up phone calls. I didn't know what it was but thanks to your post I now know who it is.