Will paypal settle on a past due amount?

[Sandy D]

Originally Posted by stanislav

I owe $1000s of unpaid dollars to UPS (unpaid customs fees) and it doesn't show up on my credit report.

They have to report it.

UPS if I remember correctly does not report past due or even turn them into collectors hands unless it is a large sum of money.

If they want to they could easily report it but they have to follow the laws by sending you a dunning, give you 30 days to respond etc.


Just because you owe it does not mean it will get reported.

Just because you dont owe it something can pop up on your report wrongfully and unless you catch it and have it removed it will stay until they decided to remove it.

Not all companies report a past due bill.

Many companies report bills that are not yours.

That is why you need to check your report many times.

I had Macys show up on my credit report a few years back for 500.00. I never had a Macys card in my life yet they reported it. I disputed it and in a week or so it was gone.

DH had a bill from a gas company in North Dakota show up on his once. We have never even been in ND in our life. Same name as someone else and they just looked it up and reported it.

Happens every day to someone.

[slim jim]

Originally Posted by Sandy D

Agree.

Just a few--

You pay higher car, house etc insurance.

You cannot rent a decent house in most cases.

You pay 15-20% on car loans and 20+ on CC's if you can get them.

In most cases you cannot get credit to help raise your FICO score.

Many jobs are now pulling credit reports as studies have shown that anyone with low credit scores have a problem with managing their life. Although I do not see it this way 100%.

You cannot buy a house at all for at least 3-4 years after foreclosure or bankruptcy. Depending on what state you want to buy in.

it is actually crazy the difference you pay on a mortgage, makes 20% on a CC look like nothing

[slim jim]

Stan - I don't know what it's like out of the US but ANYONE in the US can put a ding on your credit report

[Sandy D]

Originally Posted by BiN4RY

Different countries have different federal policies, owing money in the united states WILL cause impacts on your credit scores because the government can easily give out your information to corporate and debt collectors. Even if they can't harm your credit score, it doesn't mean they cannot sue you either.

You cannot hide from very good collectors for long.

They will hunt you down like a dog if you owe them a good sum of money.

Not saying they will but I do know some of the dirty players in the debt collection business will call your boss, mom, dad, sister etc to shame you into paying.

Biggest issue going is debt companies sue people for a bill. If the person does not show up for the court date, they win and will collect from your paycheck or anyway they can grab your assets. If they win the judgement because you failed to show up in court you are toast. Many do not show up and end up with some less money in their paychecks.

[Sandy D]

Originally Posted by slim jim

it is actually crazy the difference you pay on a mortgage, makes 20% on a CC look like nothing

And some who dont think your credit is important do not understand the thousands of dollars bad credit cost you over the years in extra interest.

There are people right now paying 15-18% on a home loan.

Stupid as heck as they would be better off renting.

[Sandy D]

Originally Posted by slim jim

Stan - I don't know what it's like out of the US but ANYONE in the US can put a ding on your credit report

Agreed. Yes they can!

All you need to do is be a member and does not take much to become a member to be able to report something owed. ( or not owed )

[igotsuspended]

Originally Posted by Sandy D

And some who dont think your credit is important do not understand the thousands of dollars bad credit cost you over the years in extra interest.

There are people right now paying 15-18% on a home loan.

Stupid as heck as they would be better off renting.

We are talking about pp and eb ability to hurt your credit when you owe their money, not talking about how one credit score important is. You are off the road.

[Sandy D]

Originally Posted by igotsuspended

We are talking about pp and eb ability to hurt your credit when you owe their money, not talking about how one credit score important is. You are off the road.

Sorry but many of us have discussed both.

If you dont have anything of knowledge on this subject to offer then do not go poking those who spend lots of time trying to help others and give vital information on many subject matters.

[Sandy D]

Originally Posted by igotsuspended

We are talking about pp and eb ability to hurt your credit when you owe their money, not talking about how one credit score important is. You are off the road.

Just for your info.

I was not the first to mention credit score so please read the entire thread.

And the OP was asking about how to handle this and for your info there are at least two here who have backgrounds in this area and wanted to HELP the op from getting his credit file hammered and what to do if he does.

I know if I was the OP I would want someone with some knowledge in this area giving me all the input they can possible post about.

[Sandy D]

Originally Posted by igotsuspended

We are talking about pp and eb ability to hurt your credit when you owe their money, not talking about how one credit score important is. You are off the road.

Duh!!

Hurt your credit and your credit score are one in the same.

If this shows up on his report and his score will be effected there it will HURT HIS CREDIT.

If it does not show up on the report then he has nothing to worry about other then letters from collectors etc which can be reported and HURT HIS CREDIT AND HIS CREDIT SCORE for at least 7 years.

[slim jim]

Originally Posted by igotsuspended

We are talking about pp and eb ability to hurt your credit when you owe their money, not talking about how one credit score important is. You are off the road.

If Sandy is off the road, you are off the rocker

[igotsuspended]

Sorry guys but he apparently knew it hurts him if he got ding on his credit report. That's reason why he question this thread. You're all PRO.

[GreenBean]

The title of this thread is

'Will paypal settle on a past due amount?'

Responses have only skirted around the issues of debt and paypal and repercussions.

OP should make their own decision regarding achieving resolution with paypal.
Because of the potential of credit issues, professional advice would not go astray.


Must be a really lucky seller to be allowed to pay off a debt via ebay sales, real lucky.