I used to work for citigroup and they sent me a letter saying they overpaid me by 1200 and need payment from me. I know this cant be true and I think the company messed up. They said it is being handled by "recovery services" for collection of payment. I called them and they said they would look into it, what do i do if they say i do owe the money? What are my options and how will it effect my credit score?
2006-09-12 17:34:59 · 14 answers · asked by Robbyz3 2 in Business & Finance ➔ Credit
You could fight it in court but lawyer fees and such may cost more than 1200. I would ask for proof of overpayment and go from there. At least consult with a lawyer.
2006-09-12 17:39:30 · answer #1 · answered by wowwhatwasthat 4 · 2⤊ 0⤋
First of all, if you were overpaid, I would think you would have been aware of it. But perhaps you are paid a lot and do not notice little changes in salary. Unfortunately, from past experience, I have learnt you must pay this back. Do not dispute it, I think your past employer is correct. It was their fault but you will have to pay it off. Take it as one of those hard life lessons, pay it off, and salvage your credit score. Believe me, in the long run, it will be worth it. Good luck. If it will hit you in the pocket, maybe you can set up a payment plan. If your employer is adamant that they need it all at one time it might be time to call a lawyer, or the Wages And Trade Commission, they will give you good advice on how to handle such small claims. Afterall your employer did give you a job at some point and it is only fair for them to recoup monies owed. Good luck.
2006-09-12 19:02:13 · answer #2 · answered by Samadhi_atman 1 · 0⤊ 0⤋
This is not a credit issue, so your credit score has nothing to do with it.
Tell them you want to see all of the time records, and an explination of why they feel you were overpaid. If they won't turn this info over, tell them to sue you.
When the lawsuit comes, file a "Motion for Discovery". This will force Citigroup to supply you with all of the documentation and evidence that they intend to use in court to show you owe them the money. If, after examing this information you feel they are right, then pay them.
If not, go to court and tell your side to the judge. Present your evidence.
If Citigroup is on the level, they will not hesitate to present you with whatever proof they have.
2006-09-13 07:37:34 · answer #3 · answered by Anonymous · 2⤊ 0⤋
If you still have your pay stubs, collect them and consult an accountant before going to a lawyer. Based on your annual or hourly pay, also the calculation of the tax, pension plan, insurance, and benefit fee, the accountant will be able to tell you if citigroup is right or wrong. I am an accountant myself and I know this is human error and does happen.
If it's citigroup's mistake, try and settle with them first by giving them the evidence (pay stubs and calculations).
If it's being handled by the collection agency, I am guessing that this matter must have been 'ignored' for quite while. You must act quick if you don't want it affect your credit score. Usually it takes about 60 days in collection agency before it might affect your credit score.
2006-09-12 18:04:27 · answer #4 · answered by Sans Sucre 2 · 0⤊ 0⤋
Payroll Overpayment Recovery Letter
2016-10-29 22:08:13 · answer #5 · answered by lyssa 4 · 0⤊ 0⤋
This IS what Citi does to almost all their terminated employees. I just wish I could get more of them to speak up for themselves. Do not talk with them on the phone. Send a certified letter that you are not in agreement that you were overpaid. Ask for specifics. Dates, amounts, copies of all documentation in question. Unless you asked for an advance, which in effect constitutes a loan, they cannot attack your credit via collections. Wages are a civil matter which means going to court. But YOU have to tell them that to show them you know they are violating your rights. So SPEAK UP! Send that letter. Make them prove it.
2015-03-24 05:28:51 · answer #6 · answered by rick 1 · 1⤊ 0⤋
Call the payroll department and request a printout or hardcopy of hours worked and paid....compare that to your pay stubs....make them prove in writing and documentation that you were overpaid.
Also, you should provide them YOUR own documentation supporting your position.....No need to get ugly w/ them until they get ugly w/ you....
DO NOT deal w/ a collection agency over this!!!!! Deal w/ the former employer's payroll department only!!
IF you do owe the money......offer them a repayment schedule otherwise it could get ugly....
2006-09-12 17:47:14 · answer #7 · answered by Paula M 5 · 0⤊ 0⤋
dude, i would not pay them anything!! even if they DID overpay you, that's their fault...that's the way i look at it anyway. you can always dispute it, and let them know that you're gonna have a lawyer handle the situation. you could also try to find out if this has happened before with other employees or ex-employees of the same company. if it has, then there's a good chance they're just trying to pull one over on ya. good luck though...i hope you'll come out ahead =)
2006-09-12 17:56:29 · answer #8 · answered by I♥him 5 · 0⤊ 0⤋
make them show you the shortage of hours that they so called paid you for or was it separation pay? I don't know if they legally can ask for it back but you might have to seek the advice of a lawyer. That may end up costing you way more than $1200. though.
2006-09-12 17:39:49 · answer #9 · answered by oldmomma 3 · 2⤊ 1⤋
I'd consult a lawyer. That sounds a bit fishy to me. Also get all of your pay stubs together and look them over.
2006-09-12 17:40:34 · answer #10 · answered by Lucy_Fir 3 · 1⤊ 0⤋