Usacomplaints.com » Business & Finance » Complaint / Review: Capital Acqusitions & Management Company (CAMCO) - Consumer rip-off fraud harrassment. #52739

Complaint / Review
Capital Acqusitions & Management Company (CAMCO)
Consumer rip-off fraud harrassment

This company purchases account receivables at a discount! That is, the older the account the cheaper they can purchase. These nuts (CAMCO) have been calling for about 2 months, sometimes 8 or more times per day. When they call, they use a phone so that their number appears as "unavailable" in your caller ID. Most of the time they hold the phone and don't say anything, then they hang-up and call again. This process is repeated until one of them wants to talk.

They told me they were trying collect a debt I owed Citi Bank in 1990. They said, based on $2,861.92, they would accept a one-time-payment of $975.00. I recently found out that they had purchased this same account from Fourscore Resource Capital. I am fairly well versed in account receivable purchases, because I was going to into that business back in 1987 but I changed my mind because I did not like manner one had to use to make a buck.

I currently have a triple "A" credit rating. I plan on sending them a cease and desist letter. Let's ban together and put these birds, and others like them, out of business.

Chris
Albany, New York
U.S.A.


Offender: Capital Acqusitions & Management Company (CAMCO)

Country: USA   State: Illinois   City: Rockford
Address: PO Box 5087
Phone: 8772980845

Category: Business & Finance

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