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Re: Troubles with CAMCO


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Posted by MMullins (24.50.245.155) on January 11, 2003 at 18:29:04:

In Reply to: Troubles with CAMCO posted by KMB418 on January 08, 2003 at 17:13:35:

After reading all the stories about Camco I am worried that we may have been victimized too.
On Jan 11, 2003 we were contacted by Camco and told they purchased a debt and my husband owed $2300.00. This was for a living room suit he and his ex-wife purchased 13 or 14 years ago and he thought she was making the payments when she wasn't. She did this on several items. We have been married 7 years and this is the first time we had been contacted. They said they would accept a settlement amount of $1000.00 but it had to be made that day, with an electronic check for the amount payable Jan 31. So we agreed since he told us if we didn't it would go to some other collections for the full amount. It was either now or never on his terms. We had him email us a letter stating the settlement amount before we agreed. Then we started thinking about it because it didn't seem right being so old and found stories about their schemes and called the bank and put a stop on the electronic payment. Since the agreement said it was null and void unless paid by the 31st, we were afraid they might wait until February then try to collect more later, or try to collect before we wanted them to. I've read about complaints being collected and we wish to send in our complaints. They were very pushy to say the least and we caught them in a few lies, but we wished to get this out of the way to help my husband's credit report. Now we are even wondering if it is even on the credit report and are requesting one. They also knew we had credit cards, and their limits, and pushed for us to use them to pay it too.
Can anyone give us advice on what we should do?


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