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

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.

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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
    • 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
    • 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
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      Agreed - And it’s just a speculation
      Aug 24, 2018
  • Docker / R&D
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    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
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      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

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