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My debit card bank account went under $150 because I'm an idiot and I was feeling really stressed out and spent way more than I had and then I forgot about my phone bill and it is now negative $150 and I get my next paycheck in 5 days
Do you think they'll sue me before then? What will happen?
| Yes | 5 | |
| No | 20 |
Look up the terms and conditions of the bank you use. Some banks will charge an overdraft fee. Depending on the bank, that fee might be charged every day until you pay off the negative balance.
I suggest you return the stuff you bought. If that can't be done, borrow money from someone and make sure it's enough to cover the negative balance and all the fees theyre charging you.
Some banks can be reasoned with and are willing to waive overdraft fees if you pay off the negative balance, so once you have the money, call them and ask them if they can.
If you wait too long to pay, then they might get debt collectors on you, so take care of this ASAP.
my bank account went in the negative. that sucka is now -$9200 and it has been 6 years now.
Them bitches threatened me with court action and I just ignored them. they handed my account over to these other bitches who buy bad accounts from banks and they now want da money. I'm like "bitch, I don't know you! I'm not paying you a damn thang"
and they're like "you do owe me because I bought yo bad debt"
and I was like "bitch you stupid! that's just bad business investment. you bought that shit as is mothafucka!"
and they like "we gonna sue you!"
and I be like "bitch I'll bust a cap in yo ass, PROVERBIALLY" coz I'm smart, I know they recording conversations these days
and a year went by and they told me dat if I pay them now I only have to pay $2000. and I was like "bitch I don't know you! I don't owe you a damn thang!"
and they never called again
Did the the statute of limitations on your debt pass, and they couldn't legally get the money from you anymore so they sold it to some other collector? While you're technically no longer obligated to pay, they can pull a sneaky move and report the outstanding balance to the credit bureaus which can make your credit score drop. Please be careful. Its happened to some family members I know.
nah fam, it was like this: the bank let my insurance on da overdraft die down due to their own fault and never told me about it. Then I lost my bizniz due to theft and some other thangs.
then those punkasses tell me I ain't covered. I told them "bitch I'm covered! that's why you deduct insurance fees" and they like "bitch you lost yo insurance" and I was like "nigga hell no, here is my proof!" and they be like "bitch we made an oopsy but you still gon be held liable" and I was like "suck my dick"
and then three years went by and they did nothing.
then they handed me over to those bitches... and they like "we want our Benjamins!" and I was like "bitch I don't know you, I don't owe you a damn thang" and they threaten a brotha telling me that they gonna subtract shit from my salary I get from da new job I got and I was like "talk to da hand"
and they offered me dat bargain discounted price and I was like "bitch I don't know you, I don't owe you a damn thang"
if they do sue (and theyll win cause yall aint gonna show up) theyll git a judgement against yalls ass
theres still nothins gonna happen unless yall gits some kinda big government or registered check like inheritance tax return or lottery win
keep that in mind while yallre in the donk outside 7-11 sippin brandy and scratchin lottery tickets
You will most likely just accumulate some fees, and feelings of frustration.
I'm interested in this thread. I have never went negative or went in debt. Thankfully when I was poor no one would loan me money and the bank wouldnt let me go over -5.
I never had a car payment I just buy cheap cars off craigslist for around 1500 - 2000. If they break down I fix them. If I dont have any money for food I have backup drugs to sale. Got some old suboxones (over 100 thats worth $2,000) and allegedly some shrooms.
If I sold out of backup drugs ill go drive around and steal littered scrap metal. When I did that I made 100+ a day. If I need more than 100 Ill just get a gig off craigslist and work that day and get paid cash. Craigslist is your friend if you need quick cash. You can find a gig that pays 15 an hour to mayne haul manure on a farm or carry shingles on a roof. If you learn how to roof you can easily ask for $20-$50 an hour.
You gotta get your hustle going bruh get that money. I definitely got off topic, but yeah, I dont think they will sue, no chance.
I don't think I've ever heard of a bank suing someone over $150. It's not worth the hassle. They'll just keep charging interest until you call them and work something out with them. Just do yourself a favor and call them to work something out with them to avoid incurring further fees.
No your bank wont sue you since you are in their debt. At worst expect a phone call and a request to pay it back. Banks dont go after people for that low amount of money. They'll just not allow you to withdraw until you pay them back.
Even if they were to litigate over $150, it would take years.
They will threaten everything under the sun but first they will try to collect from you, then eventually send it to collections, then a few years later they might go to court to gain a judgement.
Yeah have been through this a few times. Typically from the time I start being late on payments until the time a judgement is sought, it took 3.5 years.
Basically you have nothing to worry about.
No. Theyll just keep charging you. Call them Tell them you'll have it paid in 5 days. This happened to my friend was like 250-
Banks don’t sue, they just penalize you and keep adding interest to your debt.
They sue if a person waits too long to pay the debt off and lets the fees build up. I have cousins who told me that were taken to court. They chose to ignore the judgement made against them and now each paycheck they have has a little bit garnished from it every week. My cousins are irresponsible idiots, but I also find it ridiculous on the banks part how they charge people who have no money. XD
Like I told the OP though, it takes a debt years worth of being ignored/delinquent before a judgement is sought.
I am curious as to the minimum a company would sue for. I had two different judgements worth about $750 each. I wouldn't think they would litigate for that little, but then the law is petty as hell.
If it’s below your overdraft limit, you’ll just have to pay it back. I’d advise spending more, debt is fun.