- Report: #62242
Complaint Review: CAMCO Capital Acquisitions & Management - Rockford Illinois
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CAMCO Capital Acquisitions & Management
PO Box 5087 Rockford, 61125 Illinois, U.S.A.
Phone:
877-298-0845
Web:
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CAMCO Capital Acquisitions & Management dishonest ripoffs abusive threatning fraudulent Rockford Illinois
Well, I guess I can now be added to the growing list of those who have been harassed by CAMCO. Overall, my story mimics all of the other reports filed here, so I won't bore you with all the details, except to say that at one point, when talking to CAMCO, they actually said I needed to "step up to the plate" and pay my bills, a comment I believe others have said has been used before. You'd think with all the money these scam artists are tricking innocent people into giving up, they could at least get some new lines to scare us with.
Anyway, I filed this report mainly to tell people some info I found on the internet on statue of limitations, and what CAMCO can and can't do. Well firstly, as has been stated before, each state has their own statue of limitations law applying to this sort of thing, and the easiest way to find out yours is to just search the internet. As is the case with all of the people CAMCO tries to collect on, the debt will probably be well past your states limitations. Now, for the technical part. While the statue of limitations prevents the company who is owed the debt from sueing you, is DOES NOT mean they must stop calling you and asking for the money.
Technically, a company could call you forever asking for the debt if they truly wished too. So, does this mean CAMCO can continue to hound all of us. Well, while the law says that the original creditor can ask for the debt as long as they wish, third parties, which CAMCO is as it bought the debt from some original creditor (they usually even tell you this), are NOT allowed this same right, and if you get a cease and desist, the company must stop contact on the matter (except for once more, only to alert you they have receieved the cease and desist and will not bother you again).
Well, I hope all this helps any out there still shaky on the law. Also, people can feel free to post additional information here. I'm not going to pretend like I know everything about the law, mostly becuase I don't. Also, in closing, to any people out there who may have been scared by CAMCO or, even worse, gave them any information, don't let anyone push you around over the telephone.
Furthermore, do not give out any personal information over the phone, regardless who the company says. If it truly is a bank and you really do owe them some money, they will come to you in person and request this sort of thing, or at least give you more information about the debts than CAMCO.
So long everyone
Chris
Castro Valley, California
U.S.A.
Anyway, I filed this report mainly to tell people some info I found on the internet on statue of limitations, and what CAMCO can and can't do. Well firstly, as has been stated before, each state has their own statue of limitations law applying to this sort of thing, and the easiest way to find out yours is to just search the internet. As is the case with all of the people CAMCO tries to collect on, the debt will probably be well past your states limitations. Now, for the technical part. While the statue of limitations prevents the company who is owed the debt from sueing you, is DOES NOT mean they must stop calling you and asking for the money.
Technically, a company could call you forever asking for the debt if they truly wished too. So, does this mean CAMCO can continue to hound all of us. Well, while the law says that the original creditor can ask for the debt as long as they wish, third parties, which CAMCO is as it bought the debt from some original creditor (they usually even tell you this), are NOT allowed this same right, and if you get a cease and desist, the company must stop contact on the matter (except for once more, only to alert you they have receieved the cease and desist and will not bother you again).
Well, I hope all this helps any out there still shaky on the law. Also, people can feel free to post additional information here. I'm not going to pretend like I know everything about the law, mostly becuase I don't. Also, in closing, to any people out there who may have been scared by CAMCO or, even worse, gave them any information, don't let anyone push you around over the telephone.
Furthermore, do not give out any personal information over the phone, regardless who the company says. If it truly is a bank and you really do owe them some money, they will come to you in person and request this sort of thing, or at least give you more information about the debts than CAMCO.
So long everyone
Chris
Castro Valley, California
U.S.A.
2 Updates & Rebuttals
Alissa
Ann Arbor,Michigan,
U.S.A.
Letters Work
#2Consumer Suggestion
Tue, July 01, 2003
I want to add that Scott is absolutely right. Please get the AG in Illinois (where CAMCO is located) and the AG in your own state involved. I sent a cease and desist letter to CAMCO's street address and certified, and I also sent, on the same day, a letter to my state's AG, which I copied and included in my letter to CAMCO. In the letter to my state's AG, I wrote of CAMCO's behavior and how they had persisted in calling me even though my debt had long been forgotten. I also included, to the AG, a copy of the cease and desist letter to CAMCO. Not only did CAMCO return the certified letter verification, but my AG promptly responded to my letter AND sent CAMCO a letter asking them for an explanation as to why they were calling me. CAMCO then responded to my state's AG with a letter saying that they were removing me from their call database and that I would no longer be contacted (the AG included copies of all this correspondence to me). That was over two months ago, and I have not heard from them since.
Scott
Akron,Ohio,
U.S.A.
Just have them scroll down and find my postings.
#3Consumer Suggestion
Mon, June 30, 2003
I have been working on Camco for about a year. Probably nobody knows more about them that is high up in their company than I do. Make sure you get those complaints out especially to the FTC. Also, the attorney general in your state and theirs is a good start. Remember people Camco only deals in time barred debts. You cannot be sued. Negative information cannot be placed on your reports after the original 7 years no matter what supreme court ruling xxx they throw at you(they love to make up laws that do not exist). They are scumbags and do not deserve your time or money.
