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Can paypal touch my credit score???

Discussion in 'Making Money' started by skylark516, Oct 11, 2009.

  1. skylark516

    skylark516 Regular Member

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    Ok. I have a paypal with a negative balance of -897. I will not pay it. They unjustly took the money from me. Can they do anything to my credit score if they don't have my SSN?
    (I have them real address and name though)
     
  2. TermsB

    TermsB Senior Member

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    You will get debt collectors 100% for sure.
     
  3. thepinkx

    thepinkx BANNED BANNED

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    This would be a two part answer

    1. Yes because they can get a collection agency after you and they will add that to your credit report by name and address

    2.If they do that and you send a dispute to the credit company it would be very hard for PayPal to prove it was you since they only have your name and address.So you would win and it would be removed .

    Hope that helps
    If the credit company only used name and address then i would mess every ones credit up and starting selling credit repair this weekend LOL
     
  4. Nicknicholas

    Nicknicholas Junior Member

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    Lol, paypal won't do anything to you. Don't worry man. They WON'T come to your house, they won't mail you anything, they won't take any legal action. They WILL send you collection emails constantly though. Paypal won't do anything for such a small amount of money. If someone had a negative 10,000 balance, then maybe, but not for 900$.
     
  5. krates

    krates Jr. VIP Jr. VIP

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    They will do nothing :)
     
  6. Nimrod

    Nimrod Newbie

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    How do you get to a negative balance anyway? xD
     
  7. pakelika10

    pakelika10 Registered Member

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    when idiots do chargebacks
     
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  8. Or1oN

    Or1oN Newbie

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    Simple answer to this is NO. They won't do s&$^ about it. They'll send you to collection then you'll be harassed for a few months then they won't call. Until the collection agency sells your debt to another collection agency (6months - 1 year after)

    Then they'll call you back for another round then it's all smooth sailing.

    @One point, SWIM had -28k in his Paypal account because of some dumb verification by them that caused havoc with the customers. (Although, SWIM was very straight in his action all orders went through and were shipped within 24Hours) What happenned? Collection Agency started to call SWIM, SWIM being in another country in North America told the collection agency to fuck off, stop calling SWIM(Asked to be contacted by mail only) and to prove he indeed owed that money to them. (Remember that Paypal and the collection agency are 2 different entities) Once they were told that they needed some proofs, they had 30 days to show that money was owed to them - Guess what happened?

    SWIM has never received a call from them and he scores 867 with major credit companies.


    Moral of the story : Collection agencies are a pain in the ass - They make money by scaring people off telling them (It will affect your credit and blah blah blah) but I can tell you it will never happen. They don't have any SSN - DL # or anything that can prove you did something wrong. And even if they can prove you are who you say you are - You don't owe money to the Collection Agency, you owe it to paypal.

    Paypal Finance Guy : ''Guys, we lost another 897$ - let's put the amount in our losses and get a refund from the gov't" Case Closed.

    Of course, don't try this with your cable, cellphone, loans, etc. I'm just telling you what happened to SWIM and Paypal.
     
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  9. boussena

    boussena Junior Member

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    they will send superman to get their money :p
    they have nothing to do, the only thing that can do
    is think serious to remove this "charge back" option
    so we can play without getting some ass say 'hey, give my $5 back'
     
  10. fcdude

    fcdude Newbie

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    i had negative $150+ for a few months years ago and nothing happened, just a lot of emails.

    hope you can get it sorted it
     
  11. seowizards

    seowizards Junior Member

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    They will do fuck all, i had a negative balance of £2,300 because of some prick did chargeback on his credit card! i was phoned up by paypal every 4 day's for 45 day's, saying debt collectors will be coming blah blah .... i did'nt give a fuck! ... 20 odd days later i had a letter saying i owe £2,300 for debt from this collectors agency saying if you do not pay full amount within 14 day's or whatever they'l take me to court,then had numerous phones calls asking for payment.... kept telling them to fuck off in a very IRATE manner haha .... then one day i got a phone call from them i got some abuse from THEM! all i did was tell them to only contact me in writing (it's the law in uk) as i do not want phone calls..... they sent me a letter again..... i replied with my own letter asking them for full proof of debt etc... they have a certain number of day's before the debt becomes written off if they do not have the full proof with me in a certain number of days..... which they did'nt, got another phone call later sayin it may be a few weeks til they can find the proof (and they ask for a minimum payment, they wanted £300 as a good will gesture) again i told them to fuck off..... and i mentioned to them the time limit is up and i told them i had kept all records of calls and letters sent to me and sent to them.... never heard from them since... best thing is i have another account with paypal in same name which i use regulary hahaha dumbass paypal they are thieving twats! paypal i hope your looking .... come get me bitches!! ;)

    Time for a beer me thinks.
     
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  12. lurnme

    lurnme Regular Member

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    I had someone charge back $2500 like 5-6 years ago. I refused to pay it back because he received it then did a charge back, not my fault Paypal gave him his money back. I waited couple weeks opened a new Paypal and have had it since. There is nothing on my credit report, I got copies a month or so ago and wasn't on there.
     
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  13. wargamer6

    wargamer6 Junior Member

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    Paypal sent a collections agency after me for $25.
     
  14. TapTapper

    TapTapper Junior Member

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    The answer is yes. Not only will they send it to collections (I/C/S/ is the company i think), you will have to go stealth to use pp ever again. If you ever create or access a pp account from the IP you used, or link the same name, address, email, bank acct or phone to a new pp acct they will link it to your old one and the neg balance/suspension will follow. They have logged every single ip you've ever used to access that account, and if you have an egay acct that's linked too, also with every ip. Skype is theirs so any Skype numbers are in the mix as well. If you're dumping that pp acct you have to do some research and find out how to re-establish (or buy) clean accts, and how to access them without being connected to your old one(s). New name, address, email, bank, phone, email, ips. If you have multiple accounts now be very careful accessing any of them from your curent setup.
     
  15. lurnme

    lurnme Regular Member

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    Getting a little carried away. I simply used a different address, phone, and had my bank account number changed. Of course you would use a new IP and email. Why would I need a fake name?

    Also I still use my same ebay account I had linked to that old account. I just logged in and changed the info a few months after I set up my new paypal. I actually figured they would catch that but they didn't. If they did I was just going to make a new one but no need.

    They probably sent it to collections but I changed my number to use with my new accounts so never got the calls. But as I said earlier I got copies of my credit report from the 3 credit places and it was not listed on any of them.
     
  16. xtroublex

    xtroublex Registered Member

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    My experience was I had a -$797 because they claimed someone used a stolen credit card. I simply ignored the account and yes they started sending me letters. I responded both by phone and by letter that I was disputing the debt.

    I never heard anything ever again and I've never seen anything on my credit report. This was a few years back so take it for what it's worth... :)

    I now have a new Paypal account with a new credit card and a new address and have never had an issue.
     
  17. fuxxnuts

    fuxxnuts Newbie

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    Some of the guys above are just feeding you their two cents, without any personal experience.

    when NCO Financial contacts you regarding the paypal negative account (and they will...even for $100), send a certified letter requesting debt validation. (not verification, but validation). They will forward the request to Paypal and they will not respond within the required 30 days. The debt collector will subsequently drop the case.

    In this certified letter, you will want to provide a short summary of what transpired along with why the debt is not yours. In my case, some retard had buyer remorse and did a chargeback and returned an empty box. You will want to use terms such as stating that the debt is an invalid debt. Lastly, this is a key paragraph I included in my own letter the collection agency below:

    "In addition, I request that you provide me with validation of the alleged debt, pursuant to the Fair Debt Collection Practices Act, 15 U.S.C. § 1692g(b). All collection activity on this account should cease until written validation has been provided to me. "

    I would probably recommend include this in the letter. Also, you should request that any further communication should follow the form of written communication only - cease and desist any communication but written.

    NCO can do hard inquiries against your credit report, however -- but, they typically only perform one, and while it does drop your score, it is a temporary drop. Do not ignore the collection agency. They have the ability to report your non-response to the credit reporting agencies, which WILL drop your score by 200-250 pts.
     
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    Last edited: Oct 12, 2009
  18. hennessy

    hennessy Registered Member

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    They use scare tactics to try getting you to pay them back. In reality they can't actually do much and won't.
     
  19. robbyc

    robbyc Registered Member

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    PayPal won't do anything to you or your credit-However, The collection agencies in the USA will report you to all credit exchanges as part of your not responding to their demands. This is basic policy.
     
  20. ljay13

    ljay13 Registered Member

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    There's one BIG question here.
    Did you validate the account (sent in proof you're the person whose name is on the account by a utility bill, drivers license, etc)?

    If you did, they're sending it on to debt collectors who'll harass you. If they have proof it's you then do what was mentioned above to avoid it, but it can impact your credit score.
    If you've never sent in that info, I would personally jsut deny that it's me, and ask them to prove it.