I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I am in trouble like you would not belive! I have made about $1300 in charges with these accounts that I cannot repay right away! What should I do? I know the first thing to do is to quit gambling but, should I contact them and let them know? The charges were all made today and have not hit the bank. Has anyone had this problem before? I am looking to sell some stuff and try and get the money but, the charges are going to hit my bank and be returned so I dont know what to do? Am I going to go to jail? Please help!!!!!!!!

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I doubt you will be going to jail.

You will, however, not forget how much the consequences suck.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

Don't like to him HSB, this is a Federal offense, a small one, but a Federal one nontheless. I'd suggest getting a lawyer and selling whatever you can immediately and closing your bank acocunt and withdrawing whatever funds you DO have. Consider moving as well.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

You'll be reported to ChexSystems, you'll never get a checking account (or other bank accounts, looks bad on loan reports too) again even if you pay them back, and collection agencies will come after you for the money and report it against your credit report.

Good job, retard.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

How much do you usually have in your bank account? Your bank may cover you, and just charge you an overdraft fee. I am an idiot when it comes to balancing my checkbook, and have had neteller deposits send my account into -$, but I make a pretty good living, and have had my paychecks deposited into my checking account for 6 years, so they know the longest they would have to wait is 2 weeks (which they never have to do). I would call your bank, tell them you accidentally overdrew your account, and tell them you are getting them the funds ASAP. Then sell whatever you need to, or borrow from whoever you need to, and get the money in. I would think they wouldnt contact the authorities immediately if you are up front with them, but avoiding their calls, will surely lead down an ugly road for you.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

$1300 is nothing. Go to your bank and get a personal loan to cover it. They'll work with you unless you already destroyed your credit rating. Worse case, get one of those instant car loans. You might lose your car, but that's better than what's going to happen if you don't cover those checks.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I can pretty much cover it but I have $1000 in expenses coming up this month in the way of car repairs from a guy at work I know. I really need to pay this guy his money up front so I can get my car back. What are my options are there signature loan places that I could get a loan for a few months? I dont have good enough credit to get a loan so it would be like a payday loan type deal but, I would need like 3 months to pay it back and I need a grand quickly.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

tell them your account got hacked mysteriosly, wasn't you. That's what everyone else does......

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
You'll be reported to ChexSystems, you'll never get a checking account (or other bank accounts, looks bad on loan reports too) again even if you pay them back, and collection agencies will come after you for the money and report it against your credit report.

Good job, retard.

[/ QUOTE ]

Actually you only stay in Chexsystems for five years. After that you can open up a checking account with on problem. Also, there are banks out there that will allow you to open an account even if you are in Chexsystems.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
this is a Federal offense

[/ QUOTE ]

O RLY? How so?

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

Dont freak this guy out, im sure plenty of people owe IGM and neteller money but your crazy if you think there putting people in jail over it. While I would rather have debt to any of those companies then a bank, even a bank will not put you in jail for a debt you owe them so dont get scared man. Either close your bank account or cover the charges.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

Considering I was a bank employee for 7 years perhaps I can correct all the ChexSystems errors. You can only be reported to ChexSystems for having a bank account closed with a negative balance. If there is no money in your bank account. They will return the checks but you will likely be charged overdraft fees. As long as you clear up any negative bank account balances you won't have to worry about ChexSystems. Your name only gets sent there if a bank decides your account is uncollectable and charges it off. You will not be reported for simply overdrawing your account unless the overdrafts are extremely frequent and out of the ordinary. The bank usually won't charge off your account unless it has a negative balance for 30-60 days. Secondly, even if you did get on ChexSystems you can get your name removed by simply paying off any balances you owe the bank. I have opened accounts for numerous ChexSystems people once they have squared away their debt.

I currently am having the same problem as you with IGM-pay checks. I managed to close my account before the checks hit. So I have no issue at all with the bank. I am not sure how far partypoker can go to pursuing a debt. I guess we will find out. As for the FirePay and NetTeller transactions I am not sure how they work.

Did you get done in by the partypoker blackjack too?

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

Perhaps posting this on the finances and investments forum would get more intelligent responces. Not that there aren't some informative responces so far, but you would get less noise and other good advise.

As for rubbing it in, this guy knows he f'd up -- he doesn't need anyone else to remind him.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I agree. We all screw up. Do what you can to get off with the least possible amount of friction. Some clowns here will tell you garbage about owning up to your losses but if the roles were reversed they'd all be looking for an easy way out. A lot of people on this site have very little intelligence. They are too ignorant to understand you were asking what to do from this point forward, not a scolding for how you screwed up. I wish you the best!

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
I can pretty much cover it but I have $1000 in expenses coming up this month in the way of car repairs from a guy at work I know. I really need to pay this guy his money up front so I can get my car back. What are my options are there signature loan places that I could get a loan for a few months? I dont have good enough credit to get a loan so it would be like a payday loan type deal but, I would need like 3 months to pay it back and I need a grand quickly.

[/ QUOTE ]

Well, you have to decide which is more important. That's your call. Your situation doesn't sound nearly as frantic as you made it out to be. It's more of a decision where to put your $1000.... car or debt.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

So if I go close this checking account tommorow I should be fine as far as the bank goes? Do the accounts close immediately or does it take a few business days (I have Bank of America)? Then I will have some time to call NT, FP, and IGM and smooth it over with them possibly with a payment plan that will buy me a few months hopefully so I can get back on my feet. Luckily I have another bank account that I use as my primary checking account and was planning on getting rid of the BOA account anyday anyway. I am soooo praying this works out and I leave online gaming forever! Are IGM, FP, and NT foriegn companies? If they are I assume that it will make it harder for them to persue me giving me that couple of months I need to pay them back. I WILL PAY THEM BACK, I KNOW I [censored] UP!

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
I am in trouble like you would not belive! I have made about $1300 in charges with these accounts that I cannot repay right away! What should I do? I know the first thing to do is to quit gambling but, should I contact them and let them know? The charges were all made today and have not hit the bank. Has anyone had this problem before? I am looking to sell some stuff and try and get the money but, the charges are going to hit my bank and be returned so I dont know what to do? Am I going to go to jail? Please help!!!!!!!!

[/ QUOTE ]

You're not going to jail, relax and calm down. The worst that will happen is your credit gets ruined. If you have overdrawn your bank accounts, that should be your first priority to repay. (This might happen if you have overdraft protection on the accounts you have IGMPAY set up with). If you are willing to repay the debt, contact the parties, tell them you don't have the money right now but are willing to work out a payment plan with them, I'm sure they will work with you.

Edit: Contacting them and working out a payment plan will also prevent harm from coming to your credit. But, once again, your first priority must be to make sure that you do not have any actual bank accounts in the negative.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
So if I go close this checking account tommorow I should be fine as far as the bank goes?

[/ QUOTE ]
I would recommend NOT doing that. Closing the account signals your intent to refuse payment on a written check. Writing a bad check on a closed account is far more serious legally than writing a bad check on an open account. It clearly proves that you intended on cheating the recipient of the check.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

Sorry dude I thought it was obvious I was being sarcastic.

-Don't follow any advice I gave you
-Your bank will probably just see this as a ISF or whatever like you bought a toaster but don't have the money in your account. I don't know how Firepay will handle it.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I'd have to research it at work but I think the quasi-legal angle is irrelevant. One thing you can be sure of though, they won't get stuck with it. Worst case scenario, they'll farm it out to a 3rd party agency in the US.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

[/ QUOTE ]

The law of e-checks is very unsettled, and I'm not even sure that Neteller and Firepay are actually e-checks anyway. I interned in a major metropolitan prosecutor's office for 2 years and I never heard of a bad check prosecution for an e-check.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

[/ QUOTE ]

The law of e-checks is very unsettled, and I'm not even sure that Neteller and Firepay are actually e-checks anyway. I interned in a major metropolitan prosecutor's office for 2 years and I never heard of a bad check prosecution for an e-check.

[/ QUOTE ]

That may well be true. I'm not saying that he's going to be prosecuted or that they'll even do anything to wreck his credit. I'm just saying that writing a bad check is not the same as refusing to pay a debt.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

[/ QUOTE ]

The law of e-checks is very unsettled, and I'm not even sure that Neteller and Firepay are actually e-checks anyway. I interned in a major metropolitan prosecutor's office for 2 years and I never heard of a bad check prosecution for an e-check.

[/ QUOTE ]

That may well be true. I'm not saying that he's going to be prosecuted or that they'll even do anything to wreck his credit. I'm just saying that writing a bad check is not the same as refusing to pay a debt.

[/ QUOTE ]

I'm not disagreeing with you there, I'm just saying that what he did may not be considered a check, and may in fact be considered a debt.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

My reason for closing the checking account would be to avoid the overdraft fees I have a positive balance right now but with this being 4 different transactions at $34 each which will have to be ran through twice this is going to cost close to $300 in overdraft fees which will just do me in farther. So bottom line if I close the account tommorow and contact all three companies am I still looking at legal action against me for closing the account?

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I am not worried about Neteller or Firepay as they are the smaller ones and I have heard someone on here state that they owed money to Neteller and they moved it to a collection agency without looking for further legal action. The one I am truly worried about is IGM Pay which are checks and the one is fairly large at $600. I saw an earlier poster say he closed his account before the IGM Pay hit and I am wondering how they responded to it? Also it is clear I have a problem with online gaming which is illegal in America. I have to agree that I find it hard to see legal action coming from Party Poker (owner of IGM Pay I assume) who is an offshore business that attracts Americans to illegally play there. I am not trying to weasel my way out of paying this I just want to minimize the damage and pay them off as quickly as possible. I would honestly rather that I not have to pay close to $300 in overdraft fees to go along with the $1300 I owe these companies.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

First off, online gambling isn't illegal in America - YET.

Second, if that was a concern of yours why did you play in the first place?

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

You have to hurry up and close the bank account ASAP. Then you won't get a bounced check charge and your bank will simply tell them the account is no longer open, so they will not be able to pay them. You will not have to pay back the bank, as your account is closed they won't even bother notifying you that this happened. You will however have your account suspended at the poker sites until you pay them back. I believe Neteller and firepay will also suspend you account. This could actually be a good thing for you, since it will actually force you to stop gambling at these sites since they will no longer allow you to. You may have to tell a litte lie to the teller at the bank though, since they will ask you when you're closing it if you have any outstanding checks.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I am closing the account today on my way to work. When should I contact the three companies? Should I admit closing my bank account? How should I approach them? I am fully willing to pay them back and I am fully willing to admit a gambling problem but, more serious a discipline problem with money. Should I mention the gambling problem in my emails to them or should I call instead? Thanks for all the help.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

[/ QUOTE ]

The law of e-checks is very unsettled, and I'm not even sure that Neteller and Firepay are actually e-checks anyway. I interned in a major metropolitan prosecutor's office for 2 years and I never heard of a bad check prosecution for an e-check.

[/ QUOTE ]

That may well be true. I'm not saying that he's going to be prosecuted or that they'll even do anything to wreck his credit. I'm just saying that writing a bad check is not the same as refusing to pay a debt.

[/ QUOTE ]

I'm not disagreeing with you there, I'm just saying that what he did may not be considered a check, and may in fact be considered a debt.

[/ QUOTE ]

Ok, that may be true. I guess it all comes down to how you interpret the Check Clearing for the 21st Century Act (effective October 28, 2004: also called Check 21). The way i read it, it appears to treat bouncing e-checks the same way as regular checks. Whether or not banks will attempt to prosecute in the same manner is another question.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
I am closing the account today on my way to work. When should I contact the three companies? Should I admit closing my bank account? How should I approach them? I am fully willing to pay them back and I am fully willing to admit a gambling problem but, more serious a discipline problem with money. Should I mention the gambling problem in my emails to them or should I call instead? Thanks for all the help.

[/ QUOTE ]

You idiot, don't do this. It sounds like you already knew what you were going to do, posted your story here, then ignored all the advice.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

[/ QUOTE ]

The law of e-checks is very unsettled, and I'm not even sure that Neteller and Firepay are actually e-checks anyway. I interned in a major metropolitan prosecutor's office for 2 years and I never heard of a bad check prosecution for an e-check.

[/ QUOTE ]

Here in New York, they don't even bother to prosecute physical bad checks for ammounts under 5K. Imagine my surprise when someone bounced an 800 dollar check to me and refused to make good on it.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
You idiot

[/ QUOTE ]

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
I am closing the account today on my way to work. When should I contact the three companies? Should I admit closing my bank account? How should I approach them? I am fully willing to pay them back and I am fully willing to admit a gambling problem but, more serious a discipline problem with money. Should I mention the gambling problem in my emails to them or should I call instead? Thanks for all the help.

[/ QUOTE ]

You idiot, don't do this. It sounds like you already knew what you were going to do, posted your story here, then ignored all the advice.

[/ QUOTE ]

VERY funny how often this happens on these forums. It looks like people want to post something to get attention, but never actually intend on taking any advice that they receive.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I work for Citibank and I can tell you that companies being out of country have nothing to do with their ability to collect a debt. Your best bet is to come clean with all involved parties and make arrangments for reperations. The last thing they want to do is take action against you. That costs money, typically, with Citi anyway, we'd rather work out a repayment plan. Good luck.

[/ QUOTE ]

The differnece is though, this is largely unenforceable quasi-legal gambling debt. Its not the same as if OP had bought goods from a foreign corporation

[/ QUOTE ]

It's not a gambling "debt", as he was not borrowing money. He is not paying off a debt; rather, he was starting an account (or refilling an account). He wrote a bad check. Refusing to pay your debt to a credit card company, for example, is not a criminal action. Writing them a bad check is. Writing a bad check on an account that you rush to close before the check hits is clearly intentional. My sister the DA tells me the common penalty for this is between 25 hours of community service up to 30 days in jail.

[/ QUOTE ]

The law of e-checks is very unsettled, and I'm not even sure that Neteller and Firepay are actually e-checks anyway. I interned in a major metropolitan prosecutor's office for 2 years and I never heard of a bad check prosecution for an e-check.

[/ QUOTE ]

Here in New York, they don't even bother to prosecute physical bad checks for ammounts under 5K. Imagine my surprise when someone bounced an 800 dollar check to me and refused to make good on it.

[/ QUOTE ]

My sister has a guy in county lockup in Colorado for a $55 check he bounced (on a closed account) in Florida. He's getting extradited for it. I guess it all depends on how busy your docket is and how aggressive the victim is. Did you file a police report on that guy?

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

Hell I owe $2,400 in damn bounced E-checks, and I aint paying back jackshit. Let em' come and get me. Im wating for you. Im being 100% serious. Why the [censored] would I pay them back, that Party BJ is rigged....... later

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

[ QUOTE ]
Here in New York, they don't even bother to prosecute physical bad checks for ammounts under 5K.

[/ QUOTE ]

That is not true. It depends on the circumstances.

Re: I have overdrawn money with Neteller, Firepay, and IGM Pay
 

I would get one of those credit cards, that will give you like $2,000 cash advace, and just cover everything that way, then make min payments, till you get the money, and pay it off.