Camco
Is a rip-off & has bad manners! Big thanks to consumer complaints for helping victims!

Camco shuttered & hopefully for good. I think a big thanks in part goes to usacomplaints.com who let us unite & inform. And to all of us who took the time to file complaints with the ftc,

According to the ftc - a record 2000 complaints were filed. The ftc statement appears on their website there are a number of news items posted on the rockford newspaper website & a couple of tv stations.

A receiver has been appointed, i believe its jay steinberg, perhaps has this story develops the receiver will want to hear from those of you who were threatened.

Apparently, that was camcos real downfall - threatening people to take them to courtfor stale debts, something they can NOT do.

Http://ftc. Gov/opa/12/camco.htm, if this ftc link isn't posted when i send this out, just go to their site, ftc. Gov

Again, thanks one & all & to usacomplaints.com. For those of you who were going to send some $ to camco, perhaps send a donation to usacomplaints.com instead.

Here's an excerpt from what the ftc had to say today:

FTC Asks Court to Halt Illegal Camco Operation

Company Uses Threats, Lies, and Intimidation to Collect Debts Consumers Do Not Owe

In the face of more than 2,000 consumer complaints, the FTC has asked a U.S. District court to order a halt to the harassing, intimidating, deceptive, and illegal debt collection' practices of Capital Acquisitions & Management (CAMCO). At the agency's request, the court has frozen the assets of the company and its principals and appointed a receiver to oversee the corporate records and assets, pending trial. The FTC will seek a permanent halt to the illegal threats and lies the defendants use to attempt to collect time-barred debts debts so old that they are beyond the statute of limitations, and cannot appear on credit reports and debts consumers never incurred and did not owe.

Company: Camco
Country: USA
State: Illinois
City: Rockford
Address: Main St
Phone: 8881111111

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