Complaint Review: CAPITAL ACQUISITIONS AND MANAGEMENT COMPANY - ROCKFORD Illinois

Dear Amy, I am assuming your debt is past the statue of limitations. In Illinois, the SOL is 6 years for credit card debt, after that, they can not sue you and should not be calling you at work. CAMCO breaks the laws and they are lower than con artists. To stop them dead in their tracks, send them a CERTIFIED Cease and Desist Letter. Here is a good example on the following link: http://www.creditmania.com/Letters/cease.asp or if that link does not work, just do a search on the web for an example. I sent them one and never heard from them again. If I had, I would sue them and you can because after they receive that letter, the only way they can contact you is to acknowledge that they have received it or that they are suing you, which they would not have a case for reasons sited above. I was told by the kind person who helped me, not to sign the C&D letter, but to either print your name or just type it. He said they purposefully hire signature artist/ex-cons and forge signatures. I have no idea if that is true, but I never signed mine. Your receipt from the certified letter is enough to prove in any court that you sent them the letter. And as stated above, please notify your attorney Generals office, the FTC and Better Business Bureau of their practices. There are several law suits against them and the FTC is building a case, every voice counts. Best of luck to you,

Require them to provide proof of the debt with instructions to not contact you in anyway unless they provide them. You are looking ONLY for documents that you signed, not some idiotic letter from a Mr Jeff Garrington. The letter I used can be found at http://www.fair-debt-collection.com/Disputing_Collections/initial-dispute-letter.html Send this letter certified mail, return receipt requested to their STREET ADDRESS (not the PO Box). You can find the address on other recent posts here. Also! Document EVERY SINGLE COMMUNICATION AND WHAT WAS SAID. When, where, by whom, time.....you may need this. If they call you again, instruct them that they are not to contact you at work or home. That you have (or will be) sending off a dispute letter. Then hang up! If they continue to call after you tell them this, NOTATE IT. You don't say how old the debt is or if you are certain it is yours. Good luck.

Good work on calling their bluff. They have absolutely no recourse at this point, as I'm sure you know by now. However, even if this debt were valid, they cannot call you at work. My recommendation is to send a letter to them, certified, so that a signature is required, and send it to the 303 Main Street address, NOT the PO box. In the letter, state they cannot contact you anymore. I did this, and I have not heard from them in a month. I also filed reports with the Michigan Attorney General's office (as that's the state in which I live) and the Illinois Attorney General's office. I cc'ed the letters I wrote to both those places and attached copies to the letter I sent to CAMCO, requesting they cease from contacting me. It seems to have worked (fingers crossed). Best of luck.

Realize that if you would have paid them even $1 without a written agreement you would have reactivated that debt in the eyes of the law. They may have offered to 'settle' for $500 but without a written agreement it would have been financial suicide. Your checking account would have been hammered for the max. You did the right thing in blowing them off. That debt was most likely beyond the statute of limitations in your state and unenforcible anyways. This company is a true predator. They purchase old debts for pennies on the dollar. They seek out uninformed, uneducated and easily intimidated victims. That's where the real profit is...... They lie as easily as most people breathe. They may threaten to sue you but the reality is they can't afford to. Your statute of limitations defense would hold up rather easily in any court. If they threaten you with jail, fines or voodoo curses just call their bluff.