What happens if - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 03-28-2009
Junior Member
 
Join Date: Mar 2009
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default What happens if

It's a long story but I need a quick answer....

What happens if a paypal account is negative $20K

I've read many posts that say it's turned over to collections but I'm concerned about the amount...
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 03-28-2009
Here We Go Again's Avatar
Executive [VIP]
 
Join Date: Sep 2008
Posts: 2,363
Thanks: 192
Thanked 686 Times in 329 Posts
Activity: 0%
Longevity: 87%
iTrader: (1)
Default

It is turned over to collections.
If the account has your REAL information you will be tracked down.
If you left Paypal with a debt of $20K and had your REAL information they will find you.
Reply With Quote
  #3  
Old 03-28-2009
Junior Member
Threadstarter  
 
Join Date: Mar 2009
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

I think he has his real info. Is there anyway to change it? What will happen after they track him down/find him?
Reply With Quote
  #4  
Old 03-28-2009
oompaloompa's Avatar
Executive [VIP]
 
Join Date: Jul 2008
Posts: 9,583
Thanks: 502
Thanked 1,478 Times in 1,187 Posts
Activity: 0%
Longevity: 88%
iTrader: (7)
Default

change the fact that they have real real info? not unless you have a time machine.
Paypal are quite persistant, if he lives at that address right now, they will write to him,
then it will be a court summons.
Has anyone got any ideas on this, can he say someone misused his info? They cannot check his computer right, but if his bank account and real cards used, real phone number and other factors it would be difficult to make a case to avoid it.
Ive heard of people using their relatives details and then the collections not being able to do anything about it because they say 'wasnt me', but that was for Ebay not paypal.
__________________
https://youtu.be/bn4t0BuClbw

Last edited by oompaloompa; 03-28-2009 at 03:33 PM.
Reply With Quote
  #5  
Old 03-28-2009
Junior Member
Threadstarter  
 
Join Date: Mar 2009
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

so worse case scenario is that it will be sent to collections?? I'm a little confused...sorry. What will they write to him? I'm guessing if no response then a court summons? What happens with the summons, what do they summons you for? I really appreciate everyone's help with this. He made a really stupid mistake, trusted dropship, etc. & is trying to figure out what to do...
Reply With Quote
  #6  
Old 03-28-2009
Senior Member
 
Join Date: Oct 2007
Posts: 1,853
Thanks: 39
Thanked 204 Times in 143 Posts
Activity: 0%
Longevity: 94%
iTrader: (51)
Default

Quote:
Originally Posted by case_jane View Post
What will happen after they track him down/find him?
they will break each of his fingers 1 by one till the money is paid back. If they run out of fingers they will do the fingers of loved ones.

Paypal use mafia style tactics.

LoL j/k.

Last edited by doughboykilla; 03-29-2009 at 10:35 PM.
Reply With Quote
  #7  
Old 03-28-2009
Here We Go Again's Avatar
Executive [VIP]
 
Join Date: Sep 2008
Posts: 2,363
Thanks: 192
Thanked 686 Times in 329 Posts
Activity: 0%
Longevity: 87%
iTrader: (1)
Default

^^^^^^^^^^^^^^^
IGNORE HIM.....

-------------------------------------------------------
If he gets a court summons then he must go to court.
If he blows off court then he will get a warrant for his arrest.
So then the cops would either knock on the door
OR
Next time he gets pulled over for running a red light or speeding he goes to jail.
Reply With Quote
  #8  
Old 03-28-2009
Junior Member
Threadstarter  
 
Join Date: Mar 2009
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

Ok. Just wanted to make sure that he will have the opportunity to "work it out" before someone just comes and halls him off to jail. Thanks so much!
Reply With Quote
  #9  
Old 03-28-2009
importracer150's Avatar
Subscribed [VIP]
 
Join Date: Oct 2007
Posts: 152
Thanks: 0
Thanked 8 Times in 7 Posts
Activity: 0%
Longevity: 94%
iTrader: (1)
Default

My friend had a paypal negative 8k with his real info last year. They hadnt did
anything yet to him.
Reply With Quote
  #10  
Old 03-29-2009
aspkin's Avatar
Administrator
 
Join Date: Jan 2007
Posts: 10,807
Thanks: 2,909
Thanked 3,774 Times in 1,604 Posts
Activity: 46%
Longevity: 100%
iTrader: (25)
Default

Handn't did anything.. Yeah!

I say your friend is going to have some trouble..
__________________

Notice: Do not PM me. I get too many PMs to answer.
Please go to https://support.aspkin.com and submit a ticket instead.
Reply With Quote
  #11  
Old 03-29-2009
Executive [VIP]
 
Join Date: Jun 2008
Posts: 302
Thanks: 2
Thanked 17 Times in 15 Posts
Activity: 0%
Longevity: 89%
iTrader: (0)
Default

Ive had loads of PayPal accounts with around $2-500 negative balance and they "handnt did anything" to me because the information is bogus, but with a 20k negative balance being blown off would that not make them more likely to try to track him down? Its a lot of cash, is there no threshold when they look into using other legal powers to recover the money?
Reply With Quote
  #12  
Old 03-29-2009
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,040
Thanks: 5,509
Thanked 9,029 Times in 7,038 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

paypal will attempt to recover ANY debt.To what lengths they will go depends. Can only agree with aspkin that 'the friend' is going to have
problems.
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #13  
Old 03-29-2009
Junior Member
Threadstarter  
 
Join Date: Mar 2009
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

Ok, so when you say he's going to have "some trouble" can you be more specific?
Reply With Quote
  #14  
Old 03-29-2009
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,040
Thanks: 5,509
Thanked 9,029 Times in 7,038 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

If you are worried about a SWAT team knocking the door down, that is not likely to happen (yet). BUT if an approach is made by paypal in ANY manner and ignored, then there will be 'some trouble'. At first paypal will attempt to resolve the problem by having the balance brought to nil.Expect a lot of messages.Paypal will limit the account & ask for the balance to be fixed. If nothing is done then the matter will escalate. This will not go away. The 'friend' should deal with this.

I gotta ask why is 'the friend' not asking the questions? Really annoys me to give advice to a third party. 'The friend' made the mess, he should take the responsibilty to clear up the matter and in fact ask here himself.
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?

Last edited by GreenBean; 03-29-2009 at 06:41 AM.
Reply With Quote
  #15  
Old 03-29-2009
Junior Member
Threadstarter  
 
Join Date: Mar 2009
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 83%
iTrader: (0)
Default

I am just trying to help out a friend who's got alot on his plate right now. Why do some people say that they have had negative balances & it's been sent to collections but that's as far as it goes & then some say they haven't had to deal with anything? I haven't heard of one person getting picked up or arrested anything like that except for much higher balances. This is a good person, powerseller with 100% that expected some merchandise to come that didn't. I'm guessing that nobody knows the real answer and that it's probably a situational/timing thing....like everything else is with paypal??
Reply With Quote
  #16  
Old 03-29-2009
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,040
Thanks: 5,509
Thanked 9,029 Times in 7,038 Posts
Activity: 0%
Longevity: 95%
iTrader: (6)
Default

What matters is what happens to THE FRIEND. Bottom line is that the matter is between paypal & the friend. I agree with your last sentence: it
is paypal. Get the friend to take the advice & resolve the matter.
Truly there is not much more that can be said here.
__________________
Ever look at someone and think WhyTF has no one hit you with a shovel yet?
Reply With Quote
  #17  
Old 03-30-2009
NO ID's Avatar
Executive [VIP]
 
Join Date: Jan 2009
Posts: 266
Thanks: 4
Thanked 18 Times in 16 Posts
Activity: 0%
Longevity: 85%
iTrader: (0)
Default

Are you afraid? OK - Just make partial payments to them cause they accept that and or just find a product that will help you make that amount within a month or 2.

☺/
/▌
/ \
Reply With Quote
  #18  
Old 03-30-2009
Subscribed [VIP]
 
Join Date: Dec 2008
Posts: 133
Thanks: 4
Thanked 23 Times in 16 Posts
Activity: 0%
Longevity: 85%
iTrader: (0)
Default

Well he can file bankruptcy and add that debt to his list of creditors.
Reply With Quote
  #19  
Old 03-30-2009
Senior Member
 
Join Date: Aug 2008
Posts: 310
Thanks: 3
Thanked 9 Times in 9 Posts
Activity: 0%
Longevity: 88%
iTrader: (0)
Default

it's a load of bull they can't do anything to you
all they (Interim Debt Collection) are going to do is keep ringing you like 2-3 times a day and they will send a few letters saying if you don't repay your debt then we will take you to court.
after like a 7-8 months they will stop hasseling you.
exact same sort of thing happened to me with my first proper ebay account with real info.
Reply With Quote
  #20  
Old 04-01-2009
Junior Member
 
Join Date: Dec 2008
Posts: 6
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 85%
iTrader: (0)
Default

If you have real info, they will most likely contact you. I owed paypal a little over 800 dollars. They sold it to a debt collector for a little over 400. The debt collector sent me a letter stating that I owed them the money. A good thing to do, which I did was respond to the letter by writing a debt validation letter. What this does, is it forces the debt collector to go back to paypal to prove the debt is valid. It is a long and painful process for the debt collector and they will most likely dismiss the debt. If you do not here from them within 30 days, by law it has to be dropped. Most people do not know there rights when it comes to the debt collectors. For more information on the debt validation letter, click the link. It also gives a sample letter. Hope this works. Sample Debt Validation Letter | Debt Prison
Reply With Quote
The Following User Says Thank You to hateem For This Useful Post:
oompaloompa (04-05-2009)
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



Aspkin Group

All times are GMT -5. The time now is 11:02 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts