How’s it going everyone I joined this site after browsing for a long time and figured i will post posted a high end item on eBay it sold it for $4000 never shipped the item i issued a refund but i don’t have the 4K in my act and let my act go in the negative we’ll it isn’t yet but will be after the next failed echeck I have every intention of paying PayPal back Do I have 120 days before it get sent to collections? Once again was just tying to get a quick loan since my credit score is shit and can’t get anything else I will pay this back Will there be any negative impact on me?
@Zoti Media Group is right on target. The worst thing that you can do is go silent with your debtor (Paypal.) Instead, reach out to them and let them know that you are honorable and intend to repay the debt and work on a payment plan with them. This is an amount that Paypal likely will take action to recover, including collections. This can have a very big and negative impact on your credit score if you let it get to that point.