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I owe PayPal $5500 What will they do?

Discussion in 'Legal Issues' started by Pokeglobe, May 30, 2014.

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jv1999 Active Member

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#41

ironcladservers said: ↑

I don't know if I'd go that far with it. Sure it could go to small claims or some other court function, but due to legal costs involved (for both parties), this option is rarely taken by service providers.

I'd say they're definitely going to contact you, limit your account, and expect to be paid back. If its not paid back right away or fairly quickly, then yes they will either send it to debt collectors who you can then work with to pay it off afterwards, or they will take you to court at which point you'll likely be ordered to pay it back within a reasonable amount of time (depending on any priors you may have, and whether or not this was a deliberate action you took, I don't think you'd go to jail). You may want to get ahead of the situation a bit by calling them first, and telling them you know whats going on.
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Small claims? Dude it's over $5,000.

Paypal won't charge you interest, but the most important thing is communication. Talk to them about it, they'll work it out with you and won't take legal action if you just talk to them.

This is a sum they're going to most likely chase after. The people who owe like $1,000 or less, it costs more money to chase.

Read your paypal agreement, they state that if your balance goes in the neg and you don't pay, they'll sell your debt to collections agency, which is probably what they did.

jv1999, Jun 4, 2016 IP

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Agent000 Prominent Member

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#42

jv1999 said: ↑

Small claims? Dude it's over $5,000.
Paypal won't charge you interest, but the most important thing is communication. Talk to them about it, they'll work it out with you and won't take legal action if you just talk to them.
This is a sum they're going to most likely chase after. The people who owe like $1,000 or less, it costs more money to chase.
Read your paypal agreement, they state that if your balance goes in the neg and you don't pay, they'll sell your debt to collections agency, which is probably what they did.
Click to expand...

You do realize that this happened over 2 yr ago ... it would have been resolved by now.

Agent000, Jun 5, 2016 IP

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