Complaint Review: Capital Acquisitions & Managment Company (CAMCO) - Rockford Illinois

Your vehicle was reposessed correct? The bank you did business with at the time had absolutly NO reason to take your vehicle correct? The rep at the bank said to forget about it right? I doubt that this bank is still in business. It is law no matter what state you live in that if your vehicle is repossessed and about to be sold at auction the you must be notified certified mail. After the sale of your vehicle you must the be notified, more than likely by mail, what your vehicle sold for and how much you STILL owe. Your bank didn't tell you to forget about it, you decided to forget about it. I'm not convienced that Camco itself is a bottom feeder. Lets ask a simple question to everybody that reads this response, If somebody you knew walked of $10,000 of your money and didnt pay it back but just disappeared, would they still owe you that $10,000 if you found them 10 years later. I am furious with the amount of DEBTORS that didn't pay a bill and just want to cry about how they are being treated. Some of you have an actual complaint and I will be the first person to be on your side but I seriously doubt that ALL criminals in our prisons are innocent.

If I were in your shoes I would just PRAY they followed through on their threats - I would be suing them in a heartbeat. 1. It is a violation of the Federal Fair Debt Collection Practices Act to file a suit over a time-barred debt. If they do, you would assert the Affirmative Defense of the suit being time-barred and then interplead a Counterclaim for $1000 Statutory Damages, plus attorneys fees. And YES, there are attorneys out there who would take the case. Just search the various consumer credit boards on the internet. 2. It is a violation of the Fair Credit Reporting Act for them to place the account on your credit file. The only way it could possibly appear on your credit file is for them to re-age the account, which is actionable under FCRA. Once again, there are attorneys who would handle it. I would just tell them to go pound sand and leave you alone. BTW, FDCPA states that if you send thema letter (send it CMRRR) saying "Cease all communication with me", they must - but they can contact you just once more to tell you what theur next step will be. Just PRAY it will be to sue. If you can get their threat to sue in writing, then you have a virtually GUARANTEED $1000 - because it is a violation of FDCPA for them to make a threat they don't INTEND to carry out. That would be the best of all possible worlds, since you could sue them for NOT suing (making a threat they don't intend to carry out) as well as sue them FOR suing (on a time-barred debt).

Send a "cease and desist" letter, informing them that they are not to contact you by phone, email, regular mail, facsimile or any other method. You should also inform them that any attempts to falsely "re-age" this debt or otherwise slander your credit will result in you taking all appropriate legal actions. Send this certified mail, return receipt requested. Send a copy to the Illinois attorney general and the Oklahoma Attorney General. http://www.oag.state.ok.us/oagweb.nsf/ConsumerComplaint!OpenPage has all the information you need to file a complaint with your attorney general. Be sure to detail the threats you have received from Camco, since they are indeed violations of the FDCPA. Once Camco receives the cease and desist, they will stop calling you. They know that they don't have a legal leg to stand on and are hoping to bully and threaten you into paying a debt you do not owe.

They won't, because they CAN'T. The Statute of Limitations has long run out. They play on people's fears to extort money. Tell them that they can kiss your a*s, go ahead and sue you. Also mention that you will be suing THEM for violations of the FDCPA, including threatening you with actions that they cannot legally take. They are bottom-feeders, nothing more.