Is this my fault? for having bad credit? Anything I can do?

Question

A few years ago I was working for a very large corporation, I was receiving direct deposit and I had quit my job. They accidently deposited an extra paycheck into my account. I did not realize that this was an extra check since it took me 1 month to receive my first paycheck, they told me when I was to leave this job I would then receive my first paycheck. So when I saw the extra money in my account I thought nothing of it. 5 months later I have collection agency trying to get the companies money back. I had no idea what they were talking about, and not enough money to give this back, nor did I feel it was my responsibility to give it back. This has been killing my credit. It was only 600.00 but I'm not loaded w/money I can't just be throwing around that kind of cash. Is there anything I can do? Or is there anyone that wants to help me fight this?

Answer 1

Even though it was their mistake, you shouldn't spend the extra money.. You should of waited till at least 1 month to see if the extra money is really yours or not.. I know you don't want to her this but you will have to find a way to pay back or they can sue you...

Answer 2

You need to pay the money back because it's not earned income.

Answer 3

I would want to see proof from the courts.  Whom you should go to first to solve such a problem.  Credit bureaus are for your benefit also.  I would contact them...

Answer 4

While was their mistake, It is not your money...Work out a deal to pay it in little payments.

Answer 5

I would send this collection agency a demand to validate letter. I would not admit to being overpaid and make them prove their claims.