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ebay debt. what legal actions can be taken?

Discussion in 'Ebay' started by alex33, Dec 20, 2014.

  1. alex33

    alex33 Newbie

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    i have accumulated a large debt over $7k on ebay/paypal, which at this point is unrecoverable. what options do i have and further more what legal actions can be taken against me.
    i know ebay/paypal will eventually hand my debt over to collections but due to being a high $ amount what other actions will they take?
    Located in USA
    Any helpful advice would be appreciated.
     
  2. gatra

    gatra Regular Member

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    drag you to court? i would drag you to court if you owe me 7k ... or send by some nice guys.

    srsly, call them. see if you can work out a plan to slowly repay them. don't wait until they take action.
     
  3. thenwhat

    thenwhat Regular Member

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    How did you accumulate such a big debt?

    I'm new to eBay and seeing this thread makes me scared lol
     
  4. toml3030

    toml3030 Elite Member

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    for 7K they will definitely put it on your credit and there is some chance of you being sued for it
     
  5. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    It is a civil issue and, unless you did something to defraud them, you are just going to have to deal with some credit issues.
     
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  6. toml3030

    toml3030 Elite Member

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    Don't sell fakes, don't scam people, and don't try to stiff ebay after selling $50K worth of stuff there and you should be fine.
     
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  7. D4RK KNIGHT

    D4RK KNIGHT Regular Member

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    That is a lot of money in the red to get eBay's attention.

    The most common way eBay finds out who you really are is by getting a court order to look at the information on the bank account that is attached to your PayPal account.

    If they do decide to take you to court and the name on your eBay and PayPal account does not match your actual name I would think that alone would be enough to rule in eBay's favor in court because that would be conspicuous enough to know you were doing somthing you shouldnt of by using a fake name that is not yours.

    Once eBay has won there case against you in court eBay will very likely garnish your wages.
     
  8. srb888

    srb888 Elite Member

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    I read somewhere that they hired a great collection team whose members broke the offender's both legs and a few teeth too. He still had to paythe dues immediately after that and before the breakers left his home.

    Take care, it may not happen to you though...
     
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  9. Defon

    Defon Regular Member

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    PP negative balance is a joke. I have a 4 year old account with my SS# and everything, negative $7K. Never even hit my credit score. But those turds called 3 times a day, 6 days a week for 90 days.

    If you look at PP court cases filed against them 80% of all stuff they do is against standard laws (banking regs, credit report ect..) . Fair Reporting ACT is federal and VERY strict. If you report a debt and violate this FEDERAL law, PP would feel the rath of the US Government... not going to happen.

    I knew 2 other people who have accounts in their real names over $10K each for years and no collection or credit report action taken.

    Now Ebay is different. If they have your real info they will report you to credit and sell your debt to a collection company (this takes alittle over 3 months after the first past due bill). If you do not have care about your credit then forget about it. They can't touch you.

    If you do care about your credit pay it... but I would only pay it after 6 months. Once the debt is sold to the 2nd collection company the bill can be settled for about 5% to 8% of what is owed. You can even have the collection company agree to remove the collection from your credit report after you complete the last payment. (SOME debt collection companies will not do this but will agree to NOT contest your appeal to the collection, which basically wipes it off if they do not reply for 14 days.)

    Then you dispute the first Debt by EB and the First Collection company report on your credit. By the fair credit act they are required to let it off completely and it will be like your collection was never there. Since the debt can only be reported once, the last creditor is the only one allowed to keep it on the report, or the first only... but you can't have 3 different companies reporting the same debt.

    I did credit repair for years. The law protects the consumer but the consumer must stand up for himself and do some work. You could hire people but I suggest learning the work and doing it yourself. Cheaper and important lessons if you are the type of person who respects their credit.

    I never paid them... my credit score is 690 and I pay who I choose to pay and fight the rest. Life is a battle, accept it and get good at it, my view on life. :)
     
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  10. toml3030

    toml3030 Elite Member

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    This only works if you're judgment proof. They WILL sue you for the entire amount if they think they can get paid via either garnishing your wages or taking your stuff. It costs a financial institution something like $400-$1000 to sue you, so if they think you have no money, they will never invest good money after bad, but if it looks like you have the cash, they will get a lawyer to go after your assets.
     
    Last edited: Dec 23, 2014
  11. azack

    azack Registered Member

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    One way or the other way, it's just a matter of time till they'll go after you but it might take years, nobody knows.
     
  12. markop

    markop Newbie

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    7k is a lot. How on Earth did you manage to get in such debt?
     
  13. toml3030

    toml3030 Elite Member

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    the simplest way would be sell 3 expensive fake handbags, buyers claim it's fake, charges reversed
     
  14. alex33

    alex33 Newbie

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    i am working little by little to clear off all debt owed before anything goes to a negative balance. if i end up not being able to claw my way out of this hole in time... i will take the valuable advice you have stated and roll with it..
    i truly appreciate you taking the time to give some sensible advice on this matter.. if i do have to go down this road and have any question i hope you dont mind me shooting you a few questions through pm..
     
  15. alex33

    alex33 Newbie

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    no money, only work part time on the books and dont own any property. i would assume it is not in there benefit to sue me. since there is no assets for them too seize
     
  16. headcarsbending

    headcarsbending Registered Member

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    This does not involve eBay/PP however I had a car loan with XXXX bank. Had insurance with this bank as well. My car was a total loss.

    Anyway, I still owe 2.5k on the car this was 2 years ago, the bank turned it over to collections I was getting calls like a lot. But I haven't heard from them in months now.

    Does anyone know where this will go.. Also I don't actually own anything but I am laying low so they don't even know where I am and I am always at different places haha.
     
  17. liteman

    liteman Newbie

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    article around ? please post