camco scam

Posted by alan (209.148.112.176) on August 29, 2002 at 15:42:15:

In Reply to: chargeoff collection posted by Denise DiDomenico on April 27, 2002 at 12:30:40:

Camco is a scam. Citibank and other companies sell
them old debt that is beyond the statute of
limitations--i.e you don't have to pay, and that
citibank has already written off. This is debt
that is 9 or 10 years old. This debt is already
off your credit report. So what is their method of
operation?: Program a computer to call you every
few days and leave an official sounding message on
your machine. They called me about 25 times. First
a letter asking me to contact Jeff Stein arrives.
It's all official looking. Then a guy named Jack
Rosenthal called about 15 or so times leaving
messages on my machine. Then a computer dialed me
for a long consistent time. Then Jack Rosenthal
called again a bunch of times. Psychological
harrassment.
There's enough Americans who don't know the law,
who they can scare, who will pay them. If they get
one person out of 1000? And they phone up 10
thousand? 20 thousand? more probably, people a
day? Camco harrasses 100,000's of Americans on a
weekly basis I bet. Maybe more.
When you finally call them back, you find out they
are willing to settle for around 50 bucks. But
don't pay them. Stick to the premise that people
can't extort from you and the rest of America. By
you not paying, you're helping everyone else they
harrass. How did they acquire this loan? Jerks
like Citibank sold it to them. And Camco acts all
powerful and say they can settle for pennies on
the dollar. "Jack" mentioned he would "settle" for
around 50 bucks. Its harrrassing extortion to get
a couple bucks on a loan that is ridiculously old
and beyond the statute of limitations. Oh, and he
said he could still hurt my credit by "pinging my
credit" and thus hurting my Bekins number if I
refused to pay the 50 bucks. You know what? I've
never heard of a Bekins number and he can "ping"
my credit all he wants, whatever that means,
because this loan is already off my credit.
Camco: harrassing thousands of Americans on a
weekly basis, making tons of people worried,
ruining peoples' day. And I just want to say one
last thing: Universities and colleges should not
let credit card companies set up a little kiosk in
the "quad" of their school-public or private
schools. I used to see tons of these as an
undergraduate. Offering you a free water bottle if
you sign up. Geez, you'd think somebody back then
in the "ever so supposedly moral" college
administration might have seen how this is wrong.
Oh, and then you graduate and the supposed
benevolent "alumni association" makes the same
pathetic judgement call and sells your name
without your permission to credit card promotion
company after credit card promotion company. And
you wonder how you got on all those junk mail
lists. Thanks Jeff Stein, Jack Rosenthal, and all
the others at Camco, and thanks all the college
administrations for letting credit card companies
set up kiosks on campuses to "squeeze" poor
students, and thanks alumni associations for
s

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