Debt Collection & Negative Balance

morgaan1
Contributor
Contributor

If you were transferred from Paypal to ACL for a debt collection, and you pay the debt -- does the negative balance go away from PayPal?

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2 REPLIES 2

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@morgaan1 

 

If PayPal handed neg balance over the debt to collection agency potentially affecting your credit history, PayPal balance will be zero’d out/account suspended until you reinstate after paying. If you open another account, it will eventually catch up with your new account. Closed accounts are liable for any negative balances appearing after, too.


Kudos & Solved are greatly appreciated. 🙂
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morgaan1
Contributor
Contributor
I understand, but that wasn’t really the question I was asking.. I’m asking if I have ALREADY paid the Debt collectors, will the negative balance go away from my Paypal?
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