credit question Options

[Toyoca]

i have a little scenario i need help with. i used to play online poker frequently back in around february. so to put money into the online account i used echecks, which you basically just type all the information of a check and send money. so i send 50$ and 50$ is automatically put into my account. a month or so later they send me an email saying they never actually received the 50 and basically credited my account with 50 but had nothing to show for it. so they say i need to wire them 50. i say just take the 50 out of my account, its still there. they say that they cant do that and i must wire them 50.

i basically just decide to leave it alone because it doesnt really make any sense for me to send 50 when in the end they will have to send me 50 back (because i would have just withdrew the 50 i had in my account). i still havent touched the money left in my account (i dont even think my account works anymore) so now i get an email months later (i assume because i let my friend use the software on my computer to get on his account name) saying i still have an "outstanding amount" and if i dont respond within a few days they will hand it over to their "collections agency" and they remind me of the "adverse effects this action could have on your credit score."

but i dont even have my own credit card yet so can that effect me? also...i want to know what could happen to me basically if i dont wire them money. thanks guys

btw the place they want me to wire it is a british overseas territory.

[gt_driFFter]

You don't have to have a credit card to have a credit score. You can build credit just by having a revolving account in your name (example: cell phone bill). Your credit is not something to be taken lightly, especially if you ever want good rates on a house/car/loan in the future. So it is well worth your time to send them the 50, and then just wait and cancel your account. Even if you don't think it makes any sense, I garauntee they have somewhere in writing giving them full legal right to do so. They might turn you in, they might not. It's definatley not worth the risk, so just do it.

[Toyoca]

You don't have to have a credit card to have a credit score. You can build credit just by having a revolving account in your name (example: cell phone bill). Your credit is not something to be taken lightly, especially if you ever want good rates on a house/car/loan in the future. So it is well worth your time to send them the 50, and then just wait and cancel your account. Even if you don't think it makes any sense, I garauntee they have somewhere in writing giving them full legal right to do so. They might turn you in, they might not. It's definatley not worth the risk, so just do it.

Ok i see. thanks for the advice. ok, ill email them to make sure what is going on (im assuming that once they receive the 50$ i send them that ill be able to withdraw the 50 thats already in my poker account) and figure out how to send them money.

i think the ways to send them money would either be a bank draft, cashiers check or wire transfer. i think a wire transfer would be the fastest but doesnt that cost a lot of money to actually do? so i guess i cant do that. how does a bank draft or cashiers check work?

[gt_driFFter]

Should be no more than $5 for a wire transfer of 50. Cashiers checks average about the same. To obtain a cashiers check, just go to your bank and ask for one, and they will print one off for you. Downside being that you will have to mail this check overseas. Which isn't really a problem with personal checks, because they have to actually be cashed to withdraw money from your account, but with a cashiers check/money order, the money is taken from your account as soon as the check is made. So if the cashiers check/money order is lost, your out of luck.

This post has been edited by gt_driFFter: Sep 14, 2006 - 12:26 PM

[Toyoca]

i called my bank for a wire transfer its $38 lol no $5

[gt_driFFter]

There are many online companies you can go through for a wire transfer, that offer very competitive rates.

[Starcraftjunkie]

So the $50 was never taken from your chequing account?
You should ask them if they accept payment any other way as it might be easier to transfer and cost less. I'm referring to like neteller (which I use), firepay, and similar ones. If they do, either sign up with one of those places, or find someone who already have an account to help you out.