I only had 600 in my checking account and was using my card for christmas shopping. I was spending and spending and i ened up spending 8700. I know i went crazy when i realized i had no limit. my bank called me in and had a talk with me told me that they didnt understand why my card had no limit on it. told me to take back what i could and come back and see them. they said that i could have been arrested is that true. its not my fault they didnt give me a limit im irisponsible il give you that but they should have laws to protect people like me :)
2006-12-09 13:38:32 · 12 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No, they should have laws to protect the rest of us from people like you. I think I lost about 20 IQ points just reading this question. Grow up and take responsibility for your actions!
2006-12-09 16:01:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is absolutely your fault. You know your balance and spending more than that is against the law just like writing checks when you have no funds to cover those checks. You need to return the items you bought and give that money back to the bank. Or keep the items you bought and pay the bank $8700. Either way you dont get to keep things you havent paid for.
2006-12-09 13:47:11 · answer #2 · answered by freakyallweeky 5 · 0⤊ 0⤋
Banks enable people "intentionally" overdraw??? Whowever is employing the banking provider is the guy who overdraws! in any case, by using fact the assessments could desire to flow in the process the full clearing technique that's attainable to overdraw (however the verify will bounce), yet while it includes digital real time transactions i dont have faith it somewhat is real. till the economic employer shopper has a settlement for an overdraft account for short term leverage on the checking account. As for individuals going overdrawn that's extra of a private economic making plans challenge. some people use checking account and that's all. some people properly artwork with credit (assessments, credit card, overdraft, financing etc.), some people are merely helpless at as quickly as out spenders. i've got faith that the middle area is the place you get the main out of your funds .. no longer plenty the earth, no longer plenty the sky.
2016-12-30 05:07:16 · answer #3 · answered by boynton 3 · 0⤊ 0⤋
It was the bank's idiot mistake to overlook your credit limit.
And your idiot mistake to take advantage of it. Hopefully you can return enough of your goodies to pay it back, or you have some cash laying around.
It is impossible to protect people from being stupid, because stupid people will always find a new way to showcase their stupidity.
But on a more positive note, there is NO debtors prison in the United States. I repeat, debtors prisons do not exist here (assuming you live in the good old US of A, that is). The only way you can go to prison for owing somebody money is if you directly disobey or disregard a judge or court decision. The bank you are working with is absolutely trying to intimidate you, and you shouldn't take that kind of abuse.
2006-12-09 13:50:57 · answer #4 · answered by J C 2 · 0⤊ 0⤋
What you did is equivalent to writing a bad check. A really HUGE bad check. You could face felony charges.
The bank realizes that it is partly to blame (for not cutting you off sooner) and they may be willing to work with you. You need to take back everything you can, get return receipts, and show up at the bank with them. Negotiate with them for relief from the overdraft fees, and ask them to extend an overdraft line of credit for the rest. You'll just have to pay them back.
And I have to call BS on you, too. I can see if you knew you had $600 and you accidentally went over and spent $800. But $8000??? You knew damn well what you were doing.
2006-12-09 14:33:08 · answer #5 · answered by Karen M 3 · 1⤊ 0⤋
Join "Shopaholics Anonymous" because it's obvious you need help curbing your spending habits. Your bank was correct in saying you need to return everything that is returnable asap. Yes, you could get arrested as you theoretically spent money you didn't have or even had no way of repaying. You should count yourself lucky the bank is giving you a break by asking you to return the merchandise. Giving "people like you" has nothing to do with it - you spent the bank's money - not yours - you didn't have any. You knowingly spent someone else's money that you had no rights to so if you don't land yourself in hot water consider yourself extremely lucky and so as the bank suggests in repaying it back.
2006-12-09 13:50:15 · answer #6 · answered by junebug 5 · 0⤊ 0⤋
you have 600 bucks and spent 8700. go and get credit cards and max them out and pay 30% you will make the banks very happy
2006-12-09 13:59:46 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You knew how much money that you had in your account, so taking the banks money is theft. You need to be responsible and take everything back so that you can give the bank their money back.
2006-12-09 13:43:21 · answer #8 · answered by Justsyd 7 · 0⤊ 0⤋
I doubt your story as being true. If it isn't a fabrication then you deserve whatever consequences the bank imposes on you due to your own stupidity, stupidity not ignorance.
2006-12-09 13:51:58 · answer #9 · answered by Teesip 2 · 0⤊ 0⤋
They don't need laws to protect people like you, people like you need to use math (balance your account) self restraint and common sense.
2006-12-09 13:41:20 · answer #10 · answered by greenshirt 2 · 0⤊ 0⤋