I too received a letter from CAMCO or Capital Acquisitions and Management Company stating I owed a balance of over $9000 for a creditor they had a "acquired". (Balance plus over $4000 interest). This is something I know nothing of. After calling them and being threatened it would appear on my credit report in 48 hours if I didn't pay, I was told I could just give them a credit card number over the phone and they would lower the charges to approx. $6000. This is crazy!
Thanks to this website I was able to see I am not alone. MAKE SURE TO FILE COMPLAINTS-THEY NEED TO BE INVESTIGATED!
Take action against this company promptly. I have filed a complaint with the Federal Trade Company, Security Exchange Commission-Complaint Center, Better Business Bureau of Rockford Illinois and the Office of Attorney General Lisa Madigan-Consumers Protection Division. Be sure to also send CAMCO a Cease and Desist letter along with a written dispute requesting all origianl creditor information including opening/closing dates, transfer/merger acquisitions and name/addresses of all companies the stated original debt is from.
Take action against these people!
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