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Re: CAMCO sold acct - help please!

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Posted by Mo ( on September 12, 2002 at 11:13:11:

In Reply to: CAMCO sold acct - help please! posted by CB on September 12, 2002 at 10:28:35:

Actually, CAMCO is worse from what I've read on this board.

After I bought my first home a few years ago, RMA sent me several letters with different settlement offers each time. I never answered their calls or their letters as it was an SOL debt. They gave up.

Ironically, CAMCO apparently has purchased this same SOL debt from one of the previous CAs that has owned it. They just pass these SOL debts around apparently. So far, CAMCO has contacted me once by phone (very annoying and rude man) and once by letter. I will not be taking anymore of their calls or responding to their harrassing letters either.

I was told on this same board to keep an eye on my credit reports and if the harrassment continues to send a Cease & Desist letter to keep them at bay.

You might as well get used to this. As soon as you buy a home, they are after you again to try to get money out of you even though they know the debt is SOL. My debt is 10 years old and it has been sold to at least 3 different CAs in the past 2 years. These companies try to scare people into sending them money, don't do it.

By the way, Why Chat, Linda or LadynRed have great advice!

Good luck!

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