A large fortune 25 company claims they overpaid me in expenses and some days as well. its all BS. i wont get into the details. but they claim i owe them 10k and i disagree. they claim they will be sending it to a collections agency if i dont comply comply with reaubmitting the payment. what are my options? - ignore everything? what happens then, since the originator is not a credit company does it actially affect my credit? is there a grace period? what would you do?
Have you done the maths yourself? If you did, Im on your side, otherwise I don't think an established company would want negative publicity and attorney fee for no good reason.
They company isn’t getting their own lawyer. They are selling the debt to an agency
How can it be BS if you won't share the accompanying details?
Time to get a lawyer
I would ask for the breakdown, in writing, of how they arrived at their conclusion. I would then consult with an employment law attorney to look over the validity of their claims and go from there. My understanding is the employer can send the amount to collections if need be.
Yep. Google “debt validation letter,” for a template to follow.
Should I just let it go into collections and deal with that agency? Or contact the employer and work with them? I also want them to reverse everything with the IRS because this overpayment takes me into a higher income bracket
Always, always, always try to work with the originator of any and all of your debts. It just gets 100x more complicated once it goes to collections.
What are the claims? Do you have in writing how much you were owed?
Work with them, don't ignore, get everything in writing.
You could just let it go to collections then send a debt validation letter to get the collection removed from your credit report, and wait for it to disappear.
I was thinking about this route. Let it go to collections. Dispute the claim. Ask for everything in detail. Assess whether there is a threat of a lawsuit or not. Apparently 80% of claims go unpaid
Yeah I’d say do this and if the collections agency or your former employer try to sue, or if Experian/Equifax/TransUnion (you have to contact each, individually) don’t remove the collection, then get a lawyer. Lawyers are expensive and I don’t think you need one right now.
If you ignore everything, you will end up with the debt on your credit report and possibly a judgment against you for the debt. It doesn’t matter if they are a credit company, they are a creditor to the “debt” they think you owe them. Get your attorney involved, before it goes to collections. Waiting for it to go to collections and thinking a letter will make it all go away is naive. The company has its documentation, the collections agency will use it to justify the debt claim against you.
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