I have overdrawn money with Neteller, Firepay, and IGM Pay - Page 2

RedAces7 · #11 05-21-2006, 11:06 PM

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.

RedeemerKing · #12 05-21-2006, 11:17 PM

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?

Gregatron · #13 05-21-2006, 11:23 PM

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.

RedeemerKing · #14 05-21-2006, 11:31 PM

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!

Blowup Doll · #15 05-21-2006, 11:44 PM

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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.

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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.

LeftyRuggiero · #16 05-22-2006, 12:34 AM

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!

jman220 · #17 05-22-2006, 01:41 AM

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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!!!!!!!!

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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.

Blowup Doll · #18 05-22-2006, 01:46 AM

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

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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.

one_eye_mike · #19 05-22-2006, 01:47 AM

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.

jman220 · #20 05-22-2006, 01:52 AM

[ 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.

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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