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Richard asked in Business & FinanceCredit · 2 months ago

Stopped ACH transactions ?

Ok, So a buddy of mines. Honesty a buddy got drunk in December came home and lost 4500 on one of them online casino sports betting apps via linked bank account not debt card. He called his bank and said a family member had used his account. So the bank stopped payment even before The transactions posted. A few weeks later he got debt collection notifications for stopped payments on Electronic transfersApparently the casino app uses a third-party Telecheck to process bank transfers. They have their own debt collection agency TRS recovery services. A rep for the agency called him today and told him since they are considered bounced checks they could be turned over to the state attorney generals office by mid May if some type of arrangement is not made. Is he screwed? I know this is a random question you may have no idea

4 Answers

  • Anonymous
    1 month ago

    Can't stop transfer when they started.

    Can request a reversal if allowed, and unused. 

    If not possible try reselling it at discounted price. So it's not a total loss. 

  • 1 month ago

    Yeah, he owes the money.  Period.

  • n2mama
    Lv 7
    2 months ago

    Ah, so this is the follow up to the “my 13 year old nephew used my phone and spent a bunch of money at an online casino questions” that were asked a couple months ago. Yes, your friend is screwed. He needs to pay up, the debt is legit, and if stopping payments meant they were processed as bounced checks, it would be viewed as check kiting, which is writing checks you know you don’t have the funds to cover. He would be wise to make some type of payment plan arrangement with them.

  • Anonymous
    2 months ago

    He better pay....

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