My friend who is 79 years old received a letter from CAMCO stating that she owed a credit card bill of $1059.87
Being a consciencious bill payer, she called the number on the notice and left her phone number on the message machine. When the agent called back he informed her that she needed to take care of this bill today or face bad credit and possibly legal action. She tried to tell him that it was not her bill and he put a woman on the phone with her (supposedly his supervisor).
During the following moments both of them hammered away at her about how she needed to get this taken care of immediately and started offering her deals for a lower payoff. They sufficiently scared her and convinced her that she would have her credit ruined if she did not take care of the matter immediately.
She told them she wanted to talk to her accountant first, they insisted that if she did not take care of the matter today that she would have to pay the full amount. They eventually convinced her to pay and she gave them her checking account information over the phone.
This is a blatant case of a company taking advantage of the elderly. I am in the process of following the advice of others that have been ripped off by this company in order to save her from this mess. We will see what happens.
I am glad I researched the company on the internet and found this site that confirmed my suspicions about Capital Acquisitions and Management Company.
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