This is Charles Demes. My services are not at all related to debt collection; nor is this a scam. By law, a debt collection agency must disclose up-front that they are attempting to collect a debt. Our company is NOT a debt collection agency. There are two other companies (Capital Recovery Corporation and Capital Recovery Collection Solutions) that are debt collection agencies, but we are not affiliated with these companies. We are a legitimate asset recovery company and have received an “A” rating (the highest awarded) from the Chicago Better Business Bureau (http://www.bbb.org/chicago/business-reviews/f ... ago-il-86001836).
With respect to scams, scams are based on money up-front. My proposal is based on a contingency which means our fee is extracted from the recovered funds. We are only paid if we are successful in recovering the funds for the beneficiary.
My company locates unclaimed assets, e.g., inheritances. These are moneys that were never recovered by an individual because they either did not know the money existed or because they passed away (and I am therefore trying to contact next of kin). If you doubt my claims, you can get references from some of the thousands of clients for whom I have helped recover money over the 20 years I have been in the business. My company is also a member of the Chicago Better Business Bureau--a watchdog organization that screens companies for exactly the types of scams you are worried about.
If I, or anyone from my company, have ever contacted you it is because we have found a legitimate asset that you (or your family) have legal claim to. We charge a fee that covers finding the asset, finding the individuals who can legally claim the asset (which can take months of work), and legally processing the claim in this highly specialized field to win these cases so the money goes to our clients and not the many creditors that can also lay claim to these funds. Each case can take months or years of work, but in the end, you and your family get a check for the agreed upon amount. If we cannot secure the money for whatever reason, we don't get paid. In other words, if you don't get paid, we don't get paid. Please contact us if you have any further questions about our services, or visit our website www.capitalrecoveryllc.com
Thank you.
I guess what they are saying is "we have found the asset and will help get it to you but our cut is 30% of the asset. The fee is what they charge because they found the asset. They really can't collect anything unless you agree to their conditions. It's how they make their money.
Also, they are not about to tell you what or where the asset is unless you sign otherwise you could get the asset yourself without paying them their fee.
If all negative letters, which is concerning. How about reporting them to the Better Business Bureau they belong too!!. Don't just assume. file suite or get a lawyer to check into it for true verification even if you can file a report with the police. all for good back up. Again don't just assume. but know the adage what sounds good might not all be good either.