I left deloitte in less than a year, and have to pay back signing bonus?

Amazon / Eng jHUS45
Aug 24, 2018 35 Comments

I left deloitte 4 years ago and a collection agency contacted me today for the first time asking for the money with plus legal fees. Its a significant amount of money now and I will want to understand my options. Can anyone help?

Please don't respond unless you have experience with debt collectors negotiations. I don't want judgement or told to read the term of agreement.

comments

Want to comment? LOG IN or SIGN UP
TOP 35 Comments
  • New / Eng michalumni
    You are shit out of luck — you should be able to negotiate with the collections agency, but you will have to pay or they will hit your credit. And... TC or gtfo.
    Aug 24, 2018 6
    • OpenDoor / Eng MhBB55
      Something in collections will trash your credit. Like at least 100 points, possibly 150+.
      Aug 24, 2018
    • OpenDoor / Eng MhBB55
      But if it’s already in collections I think OP is already SOL on that front right?
      Aug 24, 2018
    • Amazon / Eng get.here
      They can sue and get a judgement.
      Aug 24, 2018
    • Amazon Js78293$
      Few companies choose to pursue getting the money back. They could but don’t. The purpose of the minimum tenure is to retain people, as hiring and training is extremely expensive. Source - an industrial labor relations professor I had in business school
      Aug 24, 2018
    • Amazon / Eng get.here
      The collections company will sue. Not the original employer. The original employer is done with the debt once they sold it. Collection companies live for getting money, so they can get a judgement and garnishment.
      Aug 24, 2018
  • Qualcomm Then what
    They never asked you in 4 years to pay back and directly collection agency?
    Aug 24, 2018 6
    • Qualcomm Then what
      How can you not know that you have to pay back the sign on if you leave within a year? It’s always in the offer letter. But strange they never asked for. You should ask for proof of them sending you the notices.
      Aug 24, 2018
    • Amazon / Eng jHUS45
      OP
      I knew that but they never asked me for it. They sent it direct to collector. I wasn't going to volunteer for it. Since its now at a debt collector stage i feel the options are different for taking care of it
      Aug 24, 2018
    • Docker / R&D
      SQL_Inject

      Docker R&D

      PRE
      Google, Facebook
      SQL_Injectmore
      I’m sure they didn’t want to deal with going after a former employee and probably wrote off the sign-on as a loss (but we’ll never actually know this). From their perspective, the next best thing to do is to sell the debt to a collection agency and get something in return immediately, even if it’s just a fraction.
      Aug 24, 2018
    • OpenDoor / Eng MhBB55
      That’s an absurd and shitty practice, and might even be illegal. They have to give the person notice before they can just send shit to collections.
      Aug 24, 2018
    • Docker / R&D
      SQL_Inject

      Docker R&D

      PRE
      Google, Facebook
      SQL_Injectmore
      Agreed - And it’s just a speculation
      Aug 24, 2018
  • Docker / R&D
    SQL_Inject

    Docker R&D

    PRE
    Google, Facebook
    SQL_Injectmore
    California has a statute of limitations for debt of 4 years - just something to consider (not sure it applies to your situation). Otherwise, negotiate with collection agency.

    They literally bought the debt from your previous employer and the price was probably pennies on the dollar. So negotiate hard and be ready to make payment if your target is agreed to.
    Aug 24, 2018 1
    • Amazon / Eng jHUS45
      OP
      Super helpful thanks!
      Aug 24, 2018
  • Nvidia Blingoo
    Check with amazon if they can help you?
    Aug 24, 2018 2
    • Amazon / Eng jHUS45
      OP
      They cant. I went to another company for 3 years and just recently joined amazon. It would have been my last companies problem not my current.
      Aug 24, 2018
    • Docker / R&D
      SQL_Inject

      Docker R&D

      PRE
      Google, Facebook
      SQL_Injectmore
      Yeah def don’t do this - it reflects poorly on your character for breaking a contract with your previous employer.
      Aug 24, 2018
  • Microsoft DOyu71
    You have the right to obtain proof that the collection agency is the legal holder of the debt, and that you do in fact, owe it. You can look up a template for a letter to send the agency to trigger that. It has to be sent within a limited time (I think its 30 days but you should double check). In the mean time, do not contact the agency and do not respond to any of their calls etc) I would contact a lawyer specializing in employment law if the amount is significant. They can help you with options. If the agency puts this on your credit report (after they respond to your letter), it will prevent you from getting credit anywhere but your local loan shark, so you should take action to prevent that.
    Aug 24, 2018 0
  • Facebook htXy61
    I’ve been ignoring one of these for like six years now. Every time they send a scary letter and I just throw it out. No impact to credit.
    Aug 24, 2018 2
    • New / IT sxDz42
      Youre an idiot who is a burden to the system. Pay your debts.
      Aug 24, 2018
    • Facebook htXy61
      Don’t understand your comment at all, but good luck with life.

      Point of my post is beside the fear of the threatening language / credit damage—there’s little impact to doing nothing here.

      I have great credit. Mortgage lenders / credit card companies are always trying to pitch me a product. So I’m fine.

      The letter feels scary. But that’s how it’s designed. Just ignore and move on.
      Aug 25, 2018
  • AMD gwIU08
    You should have read your original offer terms prior to accepting a new job.
    Aug 24, 2018 1
    • AMD gwIU08
      But agree 4 years later is a long time after the fact.
      Aug 24, 2018
  • Microsoft Felinfne
    Have you considered talking to a lawyer
    Aug 24, 2018 0
  • New / IT sxDz42
    Ask them to send you written documentation of what they have for your case. Don't negotiate shit until you get the papers in front of you. Take the time this time to read. Understand it. They probably sold off your sum for .35 cents on the dollar. So then ask what the payoff is for your debt and offer 50% of that in a lump sum of you can. If not make payment arrangements. And ask them in writing to report this as on time payments to all 3 credit agencies. Then hire a credit repair agency to scrape that from your history and you should be back to normal in about a year. Good luck.
    Aug 24, 2018 0
  • Amazon / Eng get.here
    Google for a lawyer working with FCRA and FDCPA to get an initial consultation since you never got a bill from original lender (Deloitte). You might have to still pay the original money back but lawyer could help you keep it off your credit and get legal fees removed.
    Aug 24, 2018 0
  • Microsoft 🥜ela2
    Curious, could you share how much it is?
    Aug 24, 2018 1
    • Amazon / Eng jHUS45
      OP
      16k
      Aug 24, 2018
  • New tmkW01
    What happened in your signon bonus payment situation?

    Did the debt collector ruin your credit?

    Im in a similar situation
    Oct 18 0
  • Amazon / Data
    VJmX27

    Amazon Data

    BIO
    Business data analyst. Working towards more data
    VJmX27more
    Read the article posted by mixpanel and/or get a lawyer.

    The whole thing also seems a bit strange... if this is their first attempt to collect debt, what legal fees are they asking you to pay?
    Aug 24, 2018 0
  • OpenTable Meliodas
    As others have mentioned, there are state and federal laws that can protect you, but they are very time sensitive.

    After a quick search, this site covers the basics. https://www.thebalance.com/debt-validation-requires-collectors-to-prove-debts-exist-960594

    I would submit the debt verification request immediately, then see what they do. You may or may not want to get an attorney involved based on their response.

    I once had Wells Fargo debt collectors come after me for a $100K business loan that I never signed for. They gave up when they couldn’t verify the debt (couldn’t even find the original loan documents).

    Check your credit report too, they may have already filed something with the credit bureaus. That they could be legally obligated to remove. WF jacked up my credit for months. I had credit cards drop my spending limit as a result of the false default.
    Aug 24, 2018 0
  • Veritas / Other 13Jija
    I don’t think you have many options. Try negotiating with debt collector.
    Aug 24, 2018 0

Salary
Comparison

    Real time salary information from verified employees