- Report: #78534
Complaint Review: CAMCO - Capital Acquisitions & Management Company - Rockford Illinois
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Author Not Confirmed
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CAMCO - Capital Acquisitions & Management Company
303 N. Main St., P.O. Box 5087 Rockford, 61125 Illinois, U.S.A.
Phone:
877-298-0845
Web:
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CAMCO - Capital Acquisitions & Management Company Ripoff! Camco contacted me! Rockford Illinois
I also, was just contacted by CAMCO on a debt that was settled by my divorce OVER 20 years ago! My husband and I recently refinanced and rolled our car loan into the mortgage. I was very surprised that my credit report showed that I owned a Capital One account. I have NEVER had an account with this name. The mortgage company insisted that in order to write the loan, they had to draft a check to this company. I asked if I could have my name on the check also, as I wanted to make sure I owed this money before paying them. I STILL HAVE THE CHECK! I just couldn't find out who they were.
Well, low and behold I got the letter & phone call on the 23rd of this month. The letter states that it is from an old Fashion Bug account in my old married name. This account was settled in my divorce agreement some 20 years ago. I have since re-married and this is the first I've heard of THIS!
I looked up the Statue of Limitations for the State of Illinois and it says open accounts are on a 5 year limit. If this is true, how can CAMCO legally collect old debts? I truly believe this account was closed some 20 years ago, but finding the paperwork would be difficult... come on... even the IRS only requires 7 years of records!! This company HAS to be hoping you just won't remember debts from long ago. There has to be a way to stop them & close them down!
So Terry... If you see Dennis Coles... let him know he'll be getting another Cease and Desist letter from S. in Illinois.
Susan
Lombard, Illinois
U.S.A.
Well, low and behold I got the letter & phone call on the 23rd of this month. The letter states that it is from an old Fashion Bug account in my old married name. This account was settled in my divorce agreement some 20 years ago. I have since re-married and this is the first I've heard of THIS!
I looked up the Statue of Limitations for the State of Illinois and it says open accounts are on a 5 year limit. If this is true, how can CAMCO legally collect old debts? I truly believe this account was closed some 20 years ago, but finding the paperwork would be difficult... come on... even the IRS only requires 7 years of records!! This company HAS to be hoping you just won't remember debts from long ago. There has to be a way to stop them & close them down!
So Terry... If you see Dennis Coles... let him know he'll be getting another Cease and Desist letter from S. in Illinois.
Susan
Lombard, Illinois
U.S.A.
1 Updates & Rebuttals
John
Maple Grove,Minnesota,
U.S.A.
CAMCO - Capital One Connection?
#2Consumer Suggestion
Thu, January 29, 2004
Susan: I find it interesting that you found an entry on your credit report for a Capital One account you never heard of before. I have also filed a ripoff report about CAMCO which you can find elsewhere on this site. I was recently contacted by CAMCO concerning a Bank of America account and have been dealing with the reprocussions. When I checked my credit report, I also found a charged off account from Capital One that I had never heard of before. CAMCO has not contacted me about that account so far... What's interesting is that when I called Capital One, they had, as I expected, never heard of me and said that I owed them nothing. I was simply writing this off as an error until I read your post. Did you also find an address on your credit report that you never lived at? I did... Have you filed with TransUnion to have the account removed from your report? You can do that online at www.transunion.com. Good luck in getting your matter resolved. JB
