A Bank examine? I owe the bank 500.62! I hold NO money what so ever!

I owe the bank 500.62! I hold NO money what so ever! And they sent me this paper saw that if I don't call them inwardly 7 days they are going to take me to court, and I can find put in put inside!! I am so scared! OMG. Please assist!

I agree. Call them and they will allow you to make payments to them. If you give the brush-off them, you will have allowed troubles, your credit will be damamged (if it's not already) and you won't be able to approachable an account next to some other banks. It's really best to brand the effort to bar it.

call the dune and make pymt arrangements, they will be more inclined to help a human being who calls and agree to them know their situation than people who dont appointment and ignore their parcels

Unless you in reality committed blatant fraud, you are not going to jail. In certainty, it is illegal for them to even suggest you might budge to jail simply for owing them money.

Go to www.ftc.gov and look up consumer stuff, the go into credit and collections. The law about collecting debts are strict, and taken seriously. Document every bid and everything you are told. Then file a complaint next to your state attorney general.

First breath.

Now, banks drastically rarely lock nation up unless:
a) you are passing unpromising checks
b) you are stealing from someones account
c) they enjoy you on video tape robbing the edge.

Call the number on the letter, articulate to a representative and make fee arrangements. These letters are intended provoke just the allergic reaction you are having.

The truth is unless you enjoy written a check on an account that you know is closed or have no activity, they will not come and gain you. They WILL try to collect, and if the can't they will write off the debt, report to the credit bureaus, and deal in the debt to a collector. But there is one hugely important detail, they pursue debts of moere than 500 dollars more aggressively. I'm not sure if the .62 over puts you in a different catagorey.

Bankruptcy is not the answer. Not for a 500 dollar debt. A legal representative will cost you more than the debt is, so try to handle it yourself. When you remuneration the debt you will be able to get underway another account. May I suggest a debit card picture.

I am not proud of it, but I currently owe the bank a few dollars. No one is coming to capture me. I just close the eyes to the letters and dispatch whatever I own. They will ALWAYS take what you dispatch them. Keep records and copies of adjectives payments and correspondence.

It is not the end of your finacial life span. And don't let anyone try to construct you feel approaching a felon. This happens to lots of population. Sometimes because of bad bookkeeping, sometimes complex times such as job loss or disorder.

Don't panic. Call the number on the memo and make arrangements.

Good luck.

It only get worse if you ignore them. If you can plead your grip here on Yahoo! you can plead your case to them. Even if you did $5.00 a week or $5.00 a month - theres get to be something you can do.

Just don't ignore it.

You dug your hole...immediately fix it... CALL THEM and make arrangements.

Get rotten the computer and get a assignment, a second job or a third or fourth situation. Its only 500 bucks GOOD GAWD you should know how to come up with that ina afternoon or two...

Answers: The only item you can do to avoid jail ( because you took what you did not own?) is file ruin, if you can't afford an attorney find a pro bono place that offers free guidance, they can probably help you attain this fixed without any detain time.

Call the ridge immediately and set up a pay plan. If not, then pinch a cash mortgage from a credit card which you can pay over time.