I also, was just contacted by CAMCO on a debt that was settled by my divorce OVER 20 years ago! My husband and I recently refinanced and rolled our car loan into the mortgage. I was very surprised that my credit report showed that I owned a Capital One account. I have NEVER had an account with this name. The mortgage company insisted that in order to write the loan, they had to draft a check to this company. I asked if I could have my name on the check also, as I wanted to make sure I owed this money before paying them. I STILL HAVE THE CHECK! I just couldn't find out who they were.
Well, low and behold I got the letter & phone call on the 23rd of this month. The letter states that it is from an old Fashion Bug account in my old married name. This account was settled in my divorce agreement some 20 years ago. I have since re-married and this is the first I've heard of THIS!
I looked up the Statue of Limitations for the State of Illinois and it says open accounts are on a 5 year limit. If this is true, how can CAMCO legally collect old debts? I truly believe this account was closed some 20 years ago, but finding the paperwork would be difficult... Come on... Even the IRS only requires 7 years of records! This company HAS to be hoping you just won't remember debts from long ago. There has to be a way to stop them & close them down!
So Terry... If you see Dennis Coles... Let him know he'll be getting another Cease and Desist letter from S.in Illinois.
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