Capital Acquisitions & Managment Company, (Aka Camco)
Attempted to illegally collect a debt over 9 years old and already removed from my credit reports!

This fraudulent company attemped to collect a debt that was originally around $2500.00, over 9 years ago! Over the years, this debt was sold & bought by 3 or 4 different companies, and had been reported multiple times on my credit reports, under the different co. Names, (which I am told is illegal). They kept adding finance charges, and the balance kept adding up.in July I began to clean up my credit reports. Since the debt in question was over 7 years old, (the legal limit derogatory information can be legally reported on your credit files by the credit bureau's), the bureau's had to delete all of them from my files.

Then, in April, I get a letter from (CAMCO), stating that my "Associates Financial account which was formerly held by Fourscore Resource Capital, has been purchased by Capital Acquisitions and Management Company", and the balance they demanded was over $4700.00! I did exactly what their letter said to do. I notified them within 30 days of the date of the letter, that I disputed the debt, I requested by mail, verification of the debt, & I requested to be furnished by mail, the name & address of the original creditor.

On May 5th I received 2 documents from them. The first was a "most generous offer of $749.08 settlement until 05/30/03", which meant they wanted me to pay this all at once, or agree to monthly installments. I did neither! I did not send them ONE RED CENT! The 2nd document was a "Affidavit and Assignment" from Jeff C. Garrington, and a Notary stamp that said "official seal", but didn't have the raised notary seal. It was supposed to look like a legal document, but I knew better.

I did not send them any money and I didn't hear anything else from them. Once I sent the letter disputing the debt, I was in the clear. Oh, they or another company may try to collect again somewhere down the line, but I am wise to them now! I have been told by credit counselors that they can't re-insert the debt on my credit files - debt is over 7 years old and has already been deleted! I hope this information helps someone else out there. Don't be intimidated by these scam artists. They will threaten all sorts of things, but the law is on your side. Check them out if you have any doubts, and good luck to us all!

Company: Capital Acquisitions & Managment Company, (Aka Camco)
Country: USA
State: Illinois
City: Rockford
Address: 303 N. Main St
Phone: 8772980845

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