Worried about Green Dot negative balance affecting credit score

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4 posts
Phenom34
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Worried about Green Dot negative balance affecting credit score

Postby Phenom34 » Tue Aug 30, 2011 10:37 am

About 6 years ago I got one of those prepaid greendot cards because I thought it would be a good tool to have.

Turns out that it took forever to setup and it tied up a few hundred dollars for a few weeks. It was a huge scam because they put on some unexplained charges and it never went through at any retailers. So I ended up pulling my money out. I don't remember exact numbers, but let's use this for an example. I also closed it and ended up with a negative balance when closing.

Started with 220, fees got it down to 200$ and it never worked anywhere, I withdrew 200$ and closed it, by the time it finally closed they added a $2.50 charge so I ended up -2.50. I tried to pay this off to not have debt with them. There was no way to get ahold of anyone useful I contacted their banks and all numbers with no luck, one employee did tell me they write things off under 5$ buy I still didn't know if that was true.

My credit score is still flawless 5 years later, but I'm worried it might come back to haunt me at some time.


HipHopSays
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Postby HipHopSays » Tue Aug 30, 2011 10:57 pm

i know the bureaus allow for 'explanation/note' on reports but i am not sure if it is solely with regards to possible fraudulent activity or with regards only for something that has hit your report already....it might be worth looking into if you can attach such an note to your reports. i would hope that it wouldn't negatively affect your credit score as the viewer of the report hopefully would see the amount and can ascertain that it speaks less to your 'creditworthiness', similar to how the large debt incurred for college/grad school isn't viewed as a derogatory for the most part when considering creditworthiness.

Phenom34
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Location: Midwest

Postby Phenom34 » Wed Aug 31, 2011 5:39 pm

I don't think it even put a dent in my credit because its been many years. I don't remember the exact amount owed, but it was 2-5$. The worst part is i put money in, it never worked, i got hit with some bs fees, pulled my money out and closed it.

I guess I am just worried, I can't find any way to check up on this. I am worried one day they will be like you didnt pay that and theres so and so late fees so now you owe.... "insert huge amount of money here"

ooxs
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Postby ooxs » Wed Aug 31, 2011 5:45 pm

Well i had first premier bank card way back when it was legally ok to rip someone off and ask them to pay you for ripping them off. After i decided i was no longer going to take the abuse, they decided to put a slight dent on my CR. I disputed it online and i lost but after putting all my paper work together and a solid explanation to all three CRA, it was successfully removed. Stay consistent in your argument and don't sound too pompous but at the same time don't use words indicating that you will take no for an answer.



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