Re: Negative Balance help
Hey guys, sorry for bumping an old thread but I just wanted to let you guys know what happened incase someone else might need the info.
So starting off, you either pay off the negative balance or you lose the account and now have to deal with a 3rd party collections agency. This is assuming you used real info when you signed up for the account. If you didnt, then you dont have to worry about anything im about to say. Well, unless they hunt you down, which I wouldnt be suprised about if we're talking about large balances but anyway...
Now, if you decide you want to pay off the balance and not deal with a 3rd party collections agency you just have to make a single payment within a certain amount of days... (sorry I didnt write it down, but I think its somewhere whithin the first 45 days of the first time it went negative, but just to be sure just call them and ask for the collections department).
AFTER you make that payment it will then go into PAYPALS Collection Agency which is better than a 3rd party because you wont have to deal with the fees they make you pay( That's what I think will happen but im not sure how they work for certain but since everyone's afraid of them it must be because they dont joke around, right?). Then you have 120 days to pay off the balance or the account will be locked until you pay off the remainder of the balance.
Anyways, good day to you all.
Sorry for bad englishdaski
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