Complaint Review: CAMCO - Jayhawk - Schawnburk Illinois

You must send them a certified letter demanding proof of the debt, account numbers and your signature on the supposed loan agreement. Don't listen to Lee, he is in a different country. The US has specific laws that govern these types of bottom-feeding collection agencies. Besides, the debt is way past the statue of limitations, so even if you did owe, you don't anymore and it CANNOT be collected upon or reported. But, they can get a judgement against you, even if it is illegal, if you don't respond to them. Just write a letter telling them that you are disputing the debt, and unless they validate within 30 days, or respond that they are removing you from their records, you will turn them into the Attorney General's office. Tell them not to contact you regarding this debt any further unless it is in a certified letter. They will stop. And it won't be reported to any credit bureaus.

Don't follow lee's advice - it is 100% incorrect. In the USA we have a law called the Fair Debt Collection Practices Act ( a Federal law) that gives you certain rights. Among these rights are: 1. The right to obtain from the collector the name and address of the orginal creditor 2. The right to Validation (meaning something provided by the Original Creditor) proving the debt 3. The right to written communication, including a written "mini-miranda" detailing your disputre and validation rights. 4. Any failure on your part to exercise any of your rights simply means the collector may assume the debt is valid, but no Court may construe your failure to dispute or demand Validation as an admission of the debt. There are several good boards on the web that will help you in learning exactly what your rights are and how to exercise and protect them. Two of the better ones are ArtofCredit and Debtorboards (both followed by .com). Both are free.

Don't follow lee's advice - it is 100% incorrect. In the USA we have a law called the Fair Debt Collection Practices Act ( a Federal law) that gives you certain rights. Among these rights are: 1. The right to obtain from the collector the name and address of the orginal creditor 2. The right to Validation (meaning something provided by the Original Creditor) proving the debt 3. The right to written communication, including a written "mini-miranda" detailing your disputre and validation rights. 4. Any failure on your part to exercise any of your rights simply means the collector may assume the debt is valid, but no Court may construe your failure to dispute or demand Validation as an admission of the debt. There are several good boards on the web that will help you in learning exactly what your rights are and how to exercise and protect them. Two of the better ones are ArtofCredit and Debtorboards (both followed by .com). Both are free.

Don't follow lee's advice - it is 100% incorrect. In the USA we have a law called the Fair Debt Collection Practices Act ( a Federal law) that gives you certain rights. Among these rights are: 1. The right to obtain from the collector the name and address of the orginal creditor 2. The right to Validation (meaning something provided by the Original Creditor) proving the debt 3. The right to written communication, including a written "mini-miranda" detailing your disputre and validation rights. 4. Any failure on your part to exercise any of your rights simply means the collector may assume the debt is valid, but no Court may construe your failure to dispute or demand Validation as an admission of the debt. There are several good boards on the web that will help you in learning exactly what your rights are and how to exercise and protect them. Two of the better ones are ArtofCredit and Debtorboards (both followed by .com). Both are free.

Don't follow lee's advice - it is 100% incorrect. In the USA we have a law called the Fair Debt Collection Practices Act ( a Federal law) that gives you certain rights. Among these rights are: 1. The right to obtain from the collector the name and address of the orginal creditor 2. The right to Validation (meaning something provided by the Original Creditor) proving the debt 3. The right to written communication, including a written "mini-miranda" detailing your disputre and validation rights. 4. Any failure on your part to exercise any of your rights simply means the collector may assume the debt is valid, but no Court may construe your failure to dispute or demand Validation as an admission of the debt. There are several good boards on the web that will help you in learning exactly what your rights are and how to exercise and protect them. Two of the better ones are ArtofCredit and Debtorboards (both followed by .com). Both are free.

They want you to write in to obtain the info on the debt as this is a way in which CAs (collection agencies) can get info on YOU! Such as Address, signature etc. Also you writing in may be construed as a "validation" of that debt with them beginning to call you, your work, sending bills, threats trying to collect on a debt, be it legitmate or not. There are cases of phony debts being created from ill gotten mailing lists. Just imagine if for every 100 people they try to "collect" on a $4000 amount at least one pays up. Check your credit report, today. Check it for a $4000 charge off, there should be creditor info there, or if a CA bought the account they should be listed too. If there is nothing there than the CA was probably just fishing, don' send them any letters either way, don't answer their calls either, just let it ring, you can get all the info you need from your credit report. Finally if you owe anything from an old credit card that you never paid maybe $500 don't be surprised if you do owe this money. Between credit card default interest, late fees and the big fees the CAs add when they buy a charged off account can sometimes add 35-50% more to the bill, $500 can turn into $5000 in a couple years.

They wait on the easy default judgement. Send them a request for proof of debt, then a cease communications letter. All of this needs to be certified mail/rrr.