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PayPal Negative Balanced


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Hi,

I would like to ask you more about the PayPal debt.

https://www.consumeractiongroup.co.uk/forum/showthread.php?476376-Paypal-Big-negative-balance&p=5155264

 

Does any of you have any experience?

I gambled all money away in 3 casino sessions...

. having excellent credit score and mortgage.

 

Now my PayPal is in minus £4k and I have already 3 other loans from my direct bank account and cannot afford to pay this.

 

didn't know they charge from bank transfer where was nothing and few days after transactions got into negative balance...

.no idea what to do now..

 

. Do they put you any negative score on your credit ?

What is the process?

I cannot have PayPal trying to pull money of my bank when payments arrive as I have other bills to cover...

 

I would really appreciate a response

Edited by dx100uk
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how do you pay Paypal

by debit card

and

or

your bank account

are both listed on your paypal accounts page.

 

if so remove them.

 

you really need to address your gambling though.

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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open a parachute account

get your income paid there.

 

phone your bank tell them to remove any continuous payment authority to paypal

and not to honour any other payment requests.

 

but you need to seek gambling help.

 

what is the balance made of..cant be all international conversion fees...

 

how did they allow you to get £4k worth of credit when you indicate you already have debt?

 

have you checked your credit file?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I cannot open new bank account , I have mortgage that I'll need to remortgage next year.

 

Balance is made of casino deposits.

No idea how they allowed it if there were no money in account.

 

Im scared to check my credit file.

 

I opened enquiry with casino about it as they should be accepting payments.

I did ask for gambling advice already.

 

I also contacted PP but didn't hear back yet from them as it's only happened today.

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no point in being scared to check credit file ..cant hurt you..

 

if you gambled this money how come you rode it up to this level when you know you didn't have means of paying it?

or you didnt? and this is a series of bogus moneyclaims made against your paypal account?

 

over what time period did this balance accrue?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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One day. I thought it's on my balance.

I was always using debit card with PayPal,

somehow I changed it

changed to bank transfers.

 

Debit card would never allow deposits when there is no balance.

I didn't know bank transfer allow this I didn't realize.

 

Any way lll wait for PayPal response.

Maybe this can be claimed back somehow

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if the balance doesn't exist neither will work.

you sure you did select paypal credit card?

 

so did you gamble this away thinking you had that balance

and paypal allowed this to happen when such balance didn't exst?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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It's not PayPal credit. And yes PayPal allowed this with no balance at the time of deposits. It's been rejecting debit card deposits and then alnof a sudden started accepting via bank transfer funding source. Weird

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yes but to be blunt..did you actually gamble that sum away?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

I did but without knowing its coming from overdraft that turned into paypal negative balance. Spoke with Paypal today, they will try to collect it again from my bank and then collection team will be in contact.

 

Anyone here dealt with Paypal collection team? I think it their internal one. I have tried to call today but lines are closed.

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

ok well just bear in mind..

there is little legally they can do.

 

are you happy to and can easily, within reason, pay what you owe?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

The case is also with casino which has in their T&C that they would not accept payments if there are no funds available... if these are their T&C then should review the cooperation with PP...but exactly this happend.

 

I could pay but not straight away for sure... I need to cover my credit card first that's why I'm happy to pay in installments to PP.. Ill that number from collection team tomorrow when thell open line. I just don't want them to keep attacking my bank account or put something on my credit...

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DOnt contact paypal. Ignore them completely for now. They cant do anything to you. Have a read of other threads. They threaten a few things, as will a DCA, then all goes quiet, and you dont hear from them again. Focus on your main bills for now, and if paypal try anything ( they likely wont), then you pay them £1 a month until priority bills are paid, or you can pay each creditor equally

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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Are you sure?

Do you have any experience in similar issue?

 

In sure they will attack my bank account again...

Even if I removed direct debit.

 

Casino is reviewing case as this is against their T&C ....

I didn't know why the hell they took this money if it wasnt there :(

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pp can do stuff all they are a Luxembourg registered company they nor a dca has ZERO legal powers in the uk

 

however...your comment about the casino T&C's have been broken are not exactly true

they requested payment via a third party Paypal.. its their error...

 

is your debit card listed as a paypal source still?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

Unfortunately it is and I cannot remove it bank refused to removed them to. When I try it say I owe them. All I removed is direct debit on my bank account.

 

PayPal should not allow these payments. And this casino has nothing about Pp in their t&c .... All very weird. Pp doesn't allow me to open dispute against gambling firm. I hope casino will action it somehow after me raising complaint. With all honestly I didnt intent this negative balance, I didn't even know that's possible :/

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in post 4 I said...

 

phone your bank tell them to remove any continuous payment authority to paypal

and not to honour any other payment requests.

 

have you?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

The bank CANNOT refuse to remove the payment instruction. Be it CPA or DD. They MUST remove it upon request. If your branch wont do it, go higher up and complain to the CEO.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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I have ! They said they cannot do it because I approved :/

 

Then go higher. The regulations say otherwise. Your bank MUST abide by them. If they dont, then you get a full complaint in and move to a better bank

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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I have called them this morning and did that so it should be ok. But now getting calls from PayPal collection team. I think I'll talk to them and say that I'll be repying it slowly when I can so they don't pass this debt somewhere...

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