Author Topic: PayPal holding onto large negative balance in house  (Read 1181 times)

Pjtheentrepreneur

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PayPal holding onto large negative balance in house
« on: March 25, 2020, 06:53:02 PM »
Have any of you had a PayPal account go negative? I had a business that went bust last August. I had a PayPal business account that went negative in July from client refunds.

It’s negative $43,800.

What’s odd is that except for one phone call in October they haven’t contacted me at all. I’ve been calling them more than they’ve been calling me.

The account is closed/charged off, but every time I call and ask for the contact info of the collections agency they sent it to I’m told they are still holding it with their in house collections.

I want to set up a payment plan that’s 24 to 36 months long, but because they are not a bank they don’t offer payment plans.

It’s just a regular PayPal account that went negative, so there’s no interest rate.

They also can’t tell me when it will be sent to collections.

What should I do? My personal account went and stayed negative a few years back by accident and they very, very quickly sent it to collections and called like crazy.

I’m just kind of baffled figuring out what they’re next move could be