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

[LeftyRuggiero]

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.

[Blowup Doll]

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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.

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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

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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.

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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.

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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.

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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.

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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.

[kyleb]

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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.

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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.

[BriMc]

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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.

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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.

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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.

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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.

[d-baggery]

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You idiot

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[jmillerdls]

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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.

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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.

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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.

[Blowup Doll]

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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.

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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.

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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.

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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?

[ArmyGuy]

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

[jman220]

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

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That is not true. It depends on the circumstances.

[RikaKazak]

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.