in the red

[sab]

I had a WaMu account that I closed about a year ago. I left an outstanding negative balance of somewhere between $250-$300.

Did I get a free do-over with this buyout? Will they find me? Can I just ignore them and go about my merry business? You get three answers and the first two don't count.

Comments

[thassalia.livejournal.com]

That is an excellent and intriguing question.

[noelleleithe.livejournal.com]

No, maybe, and not really.

If anything, they're MORE likely to find you now. JPMorgan Chase is buying up a lot of bad debt, so they have a lot of incentive to squeeze as much income as they can out of it.

Sorry for the bad news. :(

[ratcreature]

I think the problem is thinking too small with debts. It's only beyond a few hundred millions loss that there seems to be a decent chance one gets to languish in the caribbean or somewhere to enjoy the spoils, and maybe get a book deal if it was a spectacular failure, while others have to resolve the mess down the line. It's really too bad that I have no talent to think of pyramid schemes or cons or anything like that which would make others entrust me with such sums in the first place. :/