Complaint Review: CAMCO - CAPITAL ACQUISITIONS AND MANAGEMENT COMPANY - ROCKFORD Illinois

Debts that are beyond all legally enforceable collection time limits cannot be legally enforced to collect. It is simple as that. It is up to the debtor to voluntary pay. Debt collection agencies and individual debt collectors can be legally held responible and ordered to pay for damages and fines for any and all illegal debt collection methods - Camco is the example. And, Camco, because of their illegal debt collection methods, has now been ordered by federal law to post on every affidavit and collection letter in bold, big, and highly readable words "The debtor is not legally obligated to pay this debt". Camco is also ordered by federal law to post in big, bold, and highly readeable words on every affidavit and collection letter on how to contact the Consumer Protection Division of the Federal Trade Commission Commission if debtor, through contact with Camco, was subject to illegal debt collection methods.

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was). Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike. Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits in several states. If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to: Camco 303 North Main Street Rockford IL 61101 Fax: 815 968 1595 Phone: 815-968-1599 ATTN: Jeff Garrington, Compliance Officer In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me. Send a cc: of this letter to your state attorney general, and to Regional Director, Northwest Division Federal Trade Commission 915 Second Ave. Suite 2986 Seattle, WA 98174 Re: Civil Action No. 04 C 50147 FTC File No. 022 3222 Lisa Madigan Illinois Attorney General Consumer Fraud Bureau 500 South Second Street Springfield IP 62706 Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to: Transunion Consumer Solutions P.O. Box 2000 Chester, PA 19022-2000 That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was). Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike. Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits in several states. If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to: Camco 303 North Main Street Rockford IL 61101 Fax: 815 968 1595 Phone: 815-968-1599 ATTN: Jeff Garrington, Compliance Officer In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me. Send a cc: of this letter to your state attorney general, and to Regional Director, Northwest Division Federal Trade Commission 915 Second Ave. Suite 2986 Seattle, WA 98174 Re: Civil Action No. 04 C 50147 FTC File No. 022 3222 Lisa Madigan Illinois Attorney General Consumer Fraud Bureau 500 South Second Street Springfield IP 62706 Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to: Transunion Consumer Solutions P.O. Box 2000 Chester, PA 19022-2000 That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was). Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike. Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits in several states. If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to: Camco 303 North Main Street Rockford IL 61101 Fax: 815 968 1595 Phone: 815-968-1599 ATTN: Jeff Garrington, Compliance Officer In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me. Send a cc: of this letter to your state attorney general, and to Regional Director, Northwest Division Federal Trade Commission 915 Second Ave. Suite 2986 Seattle, WA 98174 Re: Civil Action No. 04 C 50147 FTC File No. 022 3222 Lisa Madigan Illinois Attorney General Consumer Fraud Bureau 500 South Second Street Springfield IP 62706 Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to: Transunion Consumer Solutions P.O. Box 2000 Chester, PA 19022-2000 That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.

I'm amazed that your handlers haven't yet told you and your fellow employees to quit coming on this and other forums to "defend" your company. You're doing Camco far more harm than good. (Those earlier comments from your buddy "Jay" about how Camco will deliberately use "hard inquiries" to poison FICO scores were great: I'm sure the FTC will be at least as interested in hearing about that as Transunion was). Once a debt is outside the statute of limitations (which varies from state to state), you cannot legally sue to collect. Once it's over 7 years old (less in some states) you cannot put it on someone's credit report. You CAN call someone to try and collect -- but you can NOT make spurious threats about filing suits, calling current creditors, ruining credit reports, & suchlike. Camco regularly uses all of these techniques and even worse. That's why they paid a $300k fine to the FTC and why they are facing class action suits in several states. If anyone is getting harassed by Camco, all they need to do is send a letter certified mail, return receipt requested, to: Camco 303 North Main Street Rockford IL 61101 Fax: 815 968 1595 Phone: 815-968-1599 ATTN: Jeff Garrington, Compliance Officer In that letter, state "Camco is not to contact me by phone, email, regular mail or any other means. In addition, be advised that any efforts to falsely "re-age" this debt or otherwise slander my credit will be met with all legal options available to me. Send a cc: of this letter to your state attorney general, and to Regional Director, Northwest Division Federal Trade Commission 915 Second Ave. Suite 2986 Seattle, WA 98174 Re: Civil Action No. 04 C 50147 FTC File No. 022 3222 Lisa Madigan Illinois Attorney General Consumer Fraud Bureau 500 South Second Street Springfield IP 62706 Also send a complaint to Transunion re: unauthorized access of your credit file by Camco. You can send that to: Transunion Consumer Solutions P.O. Box 2000 Chester, PA 19022-2000 That should get them off your backs, and hopefully before too long we'll be seeing Camco's principals behind bars.

Many family members of mine have worked for either credit companies or department stores that extend lines of credit. What happens to debts is after a certain period of time, Creditors will give up on trying to collect on a debt and just sell it to a collection agency. That way they are making their money, the debts are therefore off of their records at that point and if you call a creditor they will say you dont have that certain account with them. However, that still does not mean that a debt is not legally collectable. Debts never expire, and they continue to grow the percentage of interest that is specified in the origional contract, as long as your state law allows it as well, which most states do. Even if a debt is 100 years old, it is still collectable. I don't believe it is fair for consumers to run up thousands of dollars worth of goods and services and just never pay for them. Thats basically like getting merchandise for free.