Page 2 of 3 FirstFirst 123 LastLast
Results 26 to 50 of 52

Thread: Problems cashing SM paycheck

  1. #26
    Member BettyBallistic's Avatar
    Joined
    Dec 2011
    Location
    in front of my laptop
    Posts
    34
    Thanks
    216
    Thanked 62 Times in 19 Posts
    My Mood
    Lurking

    Default Re: Problems cashing SM paycheck

    I've been cashing checks that don't quite make the payoneer minimum at Check N Go. I was cashing all of my SM checks at Walmart, but then one day they quit taking them. I had a lot of problems that week finding someone to cash the check, and then I found Check N Go. When I messaged SM's customer service about my check not being accepted, they said that Walmart had been having trouble cashing their checks. For me, Payoneer is the most convenient, because then I have my money straight away and can use it online or go withdraw money from an ATM 24-7. Sure, there's fees, but even my bank charges me fees, so there's no way around them.

  2. #27
    Veteran Member mimiboo69's Avatar
    Joined
    Oct 2011
    Posts
    377
    Thanks
    740
    Thanked 394 Times in 126 Posts
    My Mood
    Inspired

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by sexywinter View Post
    You can check out banks with second chance banking also. Do you have a Woodforest national Bank Around? I oay a $8 monthly fee for one year but thats it. No more than cashing a check would cost. My local branch is great because they know some deposits may come in under an alias. Godd luck hun!
    I had account with them and when, I first started with SM when I went to cash my check the teller said that I can get my money right
    away I did not to wait for my for the check the clear. SM checks are well know they told me, rather then livejasmin it took me forever to get my money for the from the bank livejasmin LOL that make me wonder, did they know what i did for a living

  3. #28
    God/dess ManyRoses's Avatar
    Joined
    Sep 2009
    Location
    Canada
    Posts
    3,103
    Thanks
    1,297
    Thanked 7,598 Times in 1,955 Posts
    Blog Entries
    8
    My Mood
    Breezy

    Default Re: Problems cashing SM paycheck

    If fees are bugging you, try a building society or credit union. I am with Coast Capital, and they are fee FREE! Yay! Coming from the UK, where all banks are fee free, I was appalled at the situation here, and refuse to go with any bank that charges. And I have never had a problem with CC. Thank God.

    One thing about opening a new bank account though - you will probably have a hold on your checks to start with (its fairly standard), and if you are in a country other than the US, that may be fairly long. So save up a little buffer for yourself before you start to put them in the bank. After a few have cleared, you can get the hold removed.
    I take cash, debit or credit. I just don't take shit.


    OnlyFans.com/ScarlettMoore

    Follow me on twitter! @MissScarlettM

    Hear me ramble about random things:

  4. The Following 2 Users Say Thank You to ManyRoses For This Useful Post:


  5. #29
    Member toryburch's Avatar
    Joined
    Jul 2012
    Posts
    36
    Thanks
    135
    Thanked 30 Times in 10 Posts

    Default Re: Problems cashing SM paycheck

    Has anyone ever had trouble cashing their check at Bank of America? I've had a free student checking acct been with BofA for few years. This year, they closed all free student checking accts and gave everyone a new kind of free checking acct. Basically, with the new accts, you must do everything at the ATM (Deposit checks, withdraw money, etc). You can not go to the teller and if you do, they'll charge you $12. So retarded!

    I started camming the week starting Aug 12th (Sunday). According to the SM site, my check for the week starting Aug 12th was isssued on 08/22/12 (Wednesday). So I'm just waiting for it. But when I get it, I'll have to go a BofA ATM to deposit it. Has anyone had trouble cashing a SM check at a BofA ATM?




  6. #30
    Banned
    Joined
    Aug 2011
    Location
    Aboard The Spaceship
    Posts
    4,787
    Thanks
    3,183
    Thanked 10,142 Times in 3,290 Posts
    My Mood
    Breezy

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by toryburch View Post
    But when I get it, I'll have to go a BofA ATM to deposit it. Has anyone had trouble cashing a SM check at a BofA ATM?
    You can't cash a check at ATM, you have to go inside the bank if you want it or part of it in cash. For depositing it, they will likely hold it for a week and only make $100 available for withdraw in the meantime. Once you regularly start depositing SM checks + have had your bank account longer than like 6 months, it will probably only take a day or 2 to processes when you deposit SM checks.

    Also, keep in mind, the bank may also update your account information to say that STREAMATES LLC is your employer. Especially if you don't have an occupation listed (or are currently listed as Student), and SM's checks are the only ones you're depositing.

  7. #31
    Featured Member CurvyWinona's Avatar
    Joined
    Jun 2012
    Location
    Making $ while sleeping
    Posts
    1,520
    Thanks
    4,438
    Thanked 3,016 Times in 951 Posts
    My Mood
    Amused

    Default Re: Problems cashing SM paycheck

    If you worry about bank fees or any of that crap, just open an account with ING Direct. It is all internet and you get interest for have money in account, even just a nickel in your account. You can cash the checks by just take pic of signed check and upload it (or send it through ING mobile app on phone) to ING account... one-two days later, u have ur funds in your account for free of charge! you can get a debit card from ING too. I LOVE MY ING!

    https://home.ingdirect.com/




    Your Camming Bookmarks!

  8. #32
    Featured Member Jessica1001's Avatar
    Joined
    Nov 2010
    Posts
    931
    Thanks
    1,245
    Thanked 2,276 Times in 580 Posts

    Default Re: Problems cashing SM paycheck

    Bank of America just started doing iphone check cashing. Yeeeehaw! Download the iphone app, and you can easily deposit any check just by taking a pic of it with your phone. It's fucking fabulous for the hermit-inclined. :-) I am sure they have it for other smartphones as well.


    ETA: Until last week, I was depositing SM checks regularly at the ATM with no issues except for the one time when I used a multi-check deposit machine (where you literally feed in several checks at once), and one of the checks in my stack got 'eaten' without being credited to my account. I dealt with it right away, and it got resolved quickly. I haven't had major problems.
    Quote Originally Posted by sugarmouse0707 View Post
    What I DO have issues with, is that this was a couple of years ago And Judas is still in the freezer.

  9. #33
    Member toryburch's Avatar
    Joined
    Jul 2012
    Posts
    36
    Thanks
    135
    Thanked 30 Times in 10 Posts

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by GlamourRouge View Post
    You can't cash a check at ATM, you have to go inside the bank if you want it or part of it in cash. For depositing it, they will likely hold it for a week and only make $100 available for withdraw in the meantime. Once you regularly start depositing SM checks + have had your bank account longer than like 6 months, it will probably only take a day or 2 to processes when you deposit SM checks.

    Also, keep in mind, the bank may also update your account information to say that STREAMATES LLC is your employer. Especially if you don't have an occupation listed (or are currently listed as Student), and SM's checks are the only ones you're depositing.
    Your right! I meant to say "deposit checks" at the ATM, not cash checks lol. Are your they will place a week hold on the money after the check was deposited? I've deposited regular checks at BofA and I never had to wait a week. The money was always in immediately afterwards. Once, I deposited a refund check from my school, and BofA allowed me to start spending before the money was in the acct. But that was with my old free student checking acct, that isn't available anymore. I don't know how it will work with my new BofA checking acct.

    Quote Originally Posted by Jessica1001 View Post
    Bank of America just started doing iphone check cashing. Yeeeehaw! Download the iphone app, and you can easily deposit any check just by taking a pic of it with your phone. It's fucking fabulous for the hermit-inclined. :-) I am sure they have it for other smartphones as well.

    ETA: Until last week, I was depositing SM checks regularly at the ATM with no issues except for the one time when I used a multi-check deposit machine (where you literally feed in several checks at once), and one of the checks in my stack got 'eaten' without being credited to my account. I dealt with it right away, and it got resolved quickly. I haven't had major problems.
    Yeah, I got a letter about that. It sounds awesome! Have you deposited a SM check using your iPhone yet? Also, when you deposit a SM check to BofA, is the money available right away? Or do you have to wait a few days?

    Quote Originally Posted by CurvyWinona View Post
    If you worry about bank fees or any of that crap, just open an account with ING Direct. It is all internet and you get interest for have money in account, even just a nickel in your account. You can cash the checks by just take pic of signed check and upload it (or send it through ING mobile app on phone) to ING account... one-two days later, u have ur funds in your account for free of charge! you can get a debit card from ING too. I LOVE MY ING!

    https://home.ingdirect.com/
    So far I haven't had any over-drafts in a long time. With ING do they charge you an over-draft fee? Or is kinda like a prepaid debit card, that won't allow a transaction to process if there isn't enough funds in the acct? I'm also wondering can you set up direct deposit with SM and ING and will SM still charge a fee to transfer money to a ING acct?




  10. #34
    Veteran Member Eye's Avatar
    Joined
    Aug 2012
    Location
    Podunk MO
    Posts
    314
    Thanks
    78
    Thanked 290 Times in 121 Posts
    My Mood
    Sleepy

    Default Re: Problems cashing SM paycheck

    I'm sorry, I don't want to offend anyone. But I've never understood why people don't have checking or savings accounts. I've had an account since I was 5 years old. That's all I know. Why would you NOT have an account with a bank? Seriously curious, not trying to offend.
    I just gotta be me!

    taylor_sweet
    all day today i kept saying this aint burger king or mcdonalds u cant have it ur way till u pay then a guy was all i just want a sample im all this aint baskin robins either

  11. #35
    Banned
    Joined
    Aug 2011
    Location
    Aboard The Spaceship
    Posts
    4,787
    Thanks
    3,183
    Thanked 10,142 Times in 3,290 Posts
    My Mood
    Breezy

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by Eye View Post
    I'm sorry, I don't want to offend anyone. But I've never understood why people don't have checking or savings accounts. I've had an account since I was 5 years old. That's all I know. Why would you NOT have an account with a bank? Seriously curious, not trying to offend.
    lol its not that people don't want one, its that many people can't get one. If you accidently overdraw or mis-schedule a payment (for earlier than intended) and can't pay back that amount + tons of overdraft fees within like 30 days, you get enrolled in a thing called chexsystem. Chexsystem will automatically deny you from 99% of banks and credit unions out there. Banks and credit unions either check chexsystem or check your credit. "Second chance" checking is offered at some banks, but they will only accept you if you have paid off what you owe, which is a catch-22 for most people. Its almost IMPOSSIBLE to get an account if you owe ANYTHING to a bank. And even then, a lot of banks still won't take you. And the *list* of non-chexsystem banks is really outdated and incorrect.

    And its not about being irresponsible for most people either. You can have your bank account seized/frozen to pay outstanding medical debt (hi guise), you can have a check deposited earlier than dated, a payment go through before you set/planned, a hold on your account that doesn't drop, you can deposit a check after a person has closed their account without you knowing, etc. So many variables that are out of your control that can put you in chexsystem.

    If you declare bankruptcy (after it goes through), you can open one again assuming they didn't mark you with fraud. Otherwise you're pretty much fucked for life if you owe a bank, or even like 8 or 10 yrs after you do pay it off.

  12. #36
    Member toryburch's Avatar
    Joined
    Jul 2012
    Posts
    36
    Thanks
    135
    Thanked 30 Times in 10 Posts

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by GlamourRouge View Post
    "...And its not about being irresponsible for most people either. You can have your bank account seized/frozen to pay outstanding medical debt (hi guise), you can have a check deposited earlier than dated, a payment go through before you set/planned, a hold on your account that doesn't drop, you can deposit a check after a person has closed their account without you knowing, etc. So many variables that are out of your control that can put you in chexsystem..."
    Is there a way to prevent this from happening? I have medical debt that I would love to pay off but it's in the thousands. I've been unemployeed for over a year now. I just started camming and it's my only source of income at the moment. Not that I'm making hundreds of dollars a week. My first paycheck will only be $29. I would like to start paying off my debts, once I get everything I need and start making more than $29 bucks lol.




  13. #37
    Featured Member Jessica1001's Avatar
    Joined
    Nov 2010
    Posts
    931
    Thanks
    1,245
    Thanked 2,276 Times in 580 Posts

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by toryburch View Post
    Your right! I meant to say "deposit checks" at the ATM, not cash checks lol.
    ..............
    Yeah, I got a letter about that. It sounds awesome! Have you deposited a SM check using your iPhone yet? Also, when you deposit a SM check to BofA, is the money available right away? Or do you have to wait a few days?

    ............
    I'm also wondering can you set up direct deposit with SM and ING and will SM still charge a fee to transfer money to a ING acct?
    I thought I was the only idiot who always says 'cash a check' when she means 'deposit'! :-P Awesome... I am not alone... ha ha! (Is it a Canadian thing? Can that just be my excuse?)

    When i deposit using ATM, $300 is available immediately, the rest becomes available the next day. When I deposit using iPhone, NONE is available immediately, but 100% is available the following day. I am not sure if this is just because of my particular account settings or account standing, but I hope it helps you some.

    SM does not do direct deposit PERIOD.... the closest you can get is by having the $ paid out to you via payoneer, and then doing an ACH transfer from Payoneer to your bank. BUT... this is convoluted and adds fees on top of fees, and waiting periods on top of waiting periods. I think the cheapest and most hassle-free way to get your $ if you are with SM and you bank at BofA, is to get snailmail checks and deposit via iphone. I always do the cheapest possible thing (I am allergic to fees.... like, positively anaphylactic), and that's what I do.

    :-)
    Quote Originally Posted by sugarmouse0707 View Post
    What I DO have issues with, is that this was a couple of years ago And Judas is still in the freezer.

  14. The Following User Says Thank You to Jessica1001 For This Useful Post:


  15. #38
    Member toryburch's Avatar
    Joined
    Jul 2012
    Posts
    36
    Thanks
    135
    Thanked 30 Times in 10 Posts

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by Jessica1001 View Post
    I thought I was the only idiot who always says 'cash a check' when she means 'deposit'! :-P Awesome... I am not alone... ha ha! (Is it a Canadian thing? Can that just be my excuse?)

    When i deposit using ATM, $300 is available immediately, the rest becomes available the next day. When I deposit using iPhone, NONE is available immediately, but 100% is available the following day. I am not sure if this is just because of my particular account settings or account standing, but I hope it helps you some.

    SM does not do direct deposit PERIOD.... the closest you can get is by having the $ paid out to you via payoneer, and then doing an ACH transfer from Payoneer to your bank. BUT... this is convoluted and adds fees on top of fees, and waiting periods on top of waiting periods. I think the cheapest and most hassle-free way to get your $ if you are with SM and you bank at BofA, is to get snailmail checks and deposit via iphone. I always do the cheapest possible thing (I am allergic to fees.... like, positively anaphylactic), and that's what I do.

    :-)
    Haha, for me, I just can't think clearly. I always say cash checks when I never actually cash any checks. Only deposits. I have so much on my mind. Mainly getting my money and spending it right away. <- My mind can only focus on that. Everything else is disoriented lol.

    "$300 is available immediately, and the rest available the next day" Sounds right lol. I might try to deposit my check via my andriod to BofA. Hopefully, it will work even though this will be my first SM check deposit. Thanks for clearing that up. I don't know why the hell I keep 'thinking' SM does direct deposit. It's ingrained in my head even tho it is false lol. I think it's because I read on here that SM charges $40 for ACH transfers. I don't want any fees either, especially not at $40 a transfer. I'll stick to snailmail.




  16. #39
    God/dess minniesoporno's Avatar
    Joined
    Dec 2004
    Location
    Canada
    Posts
    5,694
    Thanks
    1,531
    Thanked 6,006 Times in 2,530 Posts
    Blog Entries
    107
    My Mood
    Cheerful

    Default Re: Problems cashing SM paycheck

    For payoneer streamate gives you a link to sign up the card takes about 3 weeks to arrive, but in the mean time your account can still collect payments.

    streamate only option for faster payments is fedex but i think only if you live in the usa and wire transfer to your bank account, and that is probably because of where streamate is located since they are not a USA or canadian based company.
    Stripperweb is closing! Join me over at WeCamgirls

    A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford. - Richest Man in Babylon

    Youtube : youtube.com/minniecriley | Facebook MinnieCRiley | Instagram @MinnieCRiley | Twitter @MinnieCRiley

  17. #40
    Veteran Member JuliAnne333's Avatar
    Joined
    Nov 2011
    Location
    Here, of course!
    Posts
    213
    Thanks
    290
    Thanked 550 Times in 142 Posts
    My Mood
    Tired

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by toryburch View Post
    Is there a way to prevent this from happening? I have medical debt that I would love to pay off but it's in the thousands. I've been unemployeed for over a year now. I just started camming and it's my only source of income at the moment. Not that I'm making hundreds of dollars a week. My first paycheck will only be $29. I would like to start paying off my debts, once I get everything I need and start making more than $29 bucks lol.
    The only way that a medical debt could end up placing a lien on your bank account or garnishing wages is if they sue you in court and win. If you get a summons for the medical debt, be sure you go to court and plead your case to the judge. Otherwise, the collection agency that now owns the debt will win by default, and they will haul you back into court to show your assets etc so they can start collecting. When a collection agency wins a suit against you, they have to by law inform your bank 30 days before they start taking money from your account. It does not happen out of the blue. Also, when you know you are being or have been sued and lost, that it is time to STOP putting money in a bank account that has your name and ssn# on it! The only entity that does not have to give you 30 days is the IRS. But, the IRS literally can take years to get to the point of seizing your bank accounts/garnishing wages or taking your property. They will send many letters to you, and even HUNT YOU DOWN and send out an IRS agent who carries a badge and a gun to talk to you about your debt! LOL


    Back to your medical debt: You say it is in the thousands. Well, let me ask you, is this debt (even IF you start making OK or good money camming) MORE than one years salary for you? If so, you are technically bankrupt, and the chances of you paying this debt off are pretty close to zip, being every day fees, interest and who knows what else is being tacked onto the initial debt. You would do better saving up a couple grand to visit a bankruptcy attorney and get this behind you if that is the case. Many people end up bankrupt because of unexpected medical bills and little to no insurance to help.

    Has this medical bill been written off by the hospital or Dr? Usually a hospital or Dr's office will only service the debt for 4 to 6 mos. After that, they sell it to a collection agency. That is when things get fun. You will have the collection agency bugging you to set up *payment arrangements* if you can't pay in full. They will bug you for your bank account # or debit/credit card number so they can draft a set amount monthly. NEVER NEVER NEVER give a collection agency your bank account, credit card, checking account or debit card number. NEVER!!! They will go to town with it! If you cannot pay them a lump sum, then, DO NOT PAY THEM!!! NEVER NEVER NEVER enter into any "monthly payment agreement" with a collection agency. Why? Because, the chances they will take 6 to 12 mos of payments from you, then turn around and write off the debt and sell your account to another collection agency is HIGH. Then, guess what? You are starting all over again! Besides, the interest and fees don't stop when you are making these monthly payments. So, most likely, very little of whatever you are paying them is actually knocking down that debt. Depending on the age of the debt, the only way to go is to negotiate a lump sum settlement. If the debt is fairly new (say under 2 years) you would be lucky if you offered 1/2 and they took it. If the debt is getting close to the statute of limitations to sue you, they may be more inclined to take less. If it is PAST the statute (and you would have to look up what the law is in your state for medical debt and how long they have to sue you) of limitations, DO NOT PAY THEM A DIME!!! Why? Because, the time frame for them to successfully sue and win has passed! Now, this does not mean they cannot attempt to serve you and drag you into court --- heck, collection agencies ( especially the sewer debt collectors ) HOPE you are ignorant of the law or just too freaked out and scared to show up in court and show the judge that their case has no merit! Another thing: Paying off old debt is NOT going to fix or improve your credit score. When the debt is written off, the damage is done. Only TIME and re establishing your credit will bring your score back up.

    Anyways, this was longer than intended, and yes, *normal* people have bank accounts, but, it only takes one snafu to end up in ChexSystems and be blackballed from getting another account. If you do not pay your debt, the bank has the option to sell your debt to a collection agency that can sue you. Your info will also be on file with ChexSystems for 5 years. There are some banks that do offer "second chance" accounts, but, you pay a fee, have to carry a certain balance, and only get a debit card. You will NOT be given paper checks you can write. All banks are different, so they may have other rules for these types of accounts. I know people manage without bank accounts, but, if you ever want to make a large purchase on credit like a car or house and you don't have a bank account, that typically does not go over too well with the lender. They find it odd. LOL

    I just don't want to see you get roped in by a collection agency that will take your payments and then either re sell your debt putting you back at square one, or sue you! There is a general fallacy that has been around since I was a kid (some 50 years ago) that if you are making even a small payment to the collection agency every month they cannot sue you. Sorry, but this is NOT true. Once you default on a loan or contract, you can be sued at any time.

  18. The Following User Says Thank You to JuliAnne333 For This Useful Post:


  19. #41
    Veteran Member JuliAnne333's Avatar
    Joined
    Nov 2011
    Location
    Here, of course!
    Posts
    213
    Thanks
    290
    Thanked 550 Times in 142 Posts
    My Mood
    Tired

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by toryburch View Post
    Is there a way to prevent this from happening? I have medical debt that I would love to pay off but it's in the thousands. I've been unemployeed for over a year now. I just started camming and it's my only source of income at the moment. Not that I'm making hundreds of dollars a week. My first paycheck will only be $29. I would like to start paying off my debts, once I get everything I need and start making more than $29 bucks lol.
    The only way that a medical debt could end up placing a lien on your bank account or garnishing wages is if they sue you in court and win. If you get a summons for the medical debt, be sure you go to court and plead your case to the judge. Otherwise, the collection agency that now owns the debt will win by default, and they will haul you back into court to show your assets etc so they can start collecting. When a collection agency wins a suit against you, they have to by law inform your bank 30 days before they start taking money from your account. It does not happen out of the blue. Also, when you know you are being or have been sued and lost, that it is time to STOP putting money in a bank account that has your name and ssn# on it! The only entity that does not have to give you 30 days is the IRS. But, the IRS literally can take years to get to the point of seizing your bank accounts/garnishing wages or taking your property. They will send many letters to you, and even HUNT YOU DOWN and send out an IRS agent who carries a badge and a gun to talk to you about your debt! LOL


    Back to your medical debt: You say it is in the thousands. Well, let me ask you, is this debt (even IF you start making OK or good money camming) MORE than one years salary for you? If so, you are technically bankrupt, and the chances of you paying this debt off are pretty close to zip, being every day fees, interest and who knows what else is being tacked onto the initial debt. You would do better saving up a couple grand to visit a bankruptcy attorney and get this behind you if that is the case. Many people end up bankrupt because of unexpected medical bills and little to no insurance to help.

    Has this medical bill been written off by the hospital or Dr? Usually a hospital or Dr's office will only service the debt for 4 to 6 mos. After that, they sell it to a collection agency. That is when things get fun. You will have the collection agency bugging you to set up *payment arrangements* if you can't pay in full. They will bug you for your bank account # or debit/credit card number so they can draft a set amount monthly. NEVER NEVER NEVER give a collection agency your bank account, credit card, checking account or debit card number. NEVER!!! They will go to town with it! If you cannot pay them a lump sum, then, DO NOT PAY THEM!!! NEVER NEVER NEVER enter into any "monthly payment agreement" with a collection agency. Why? Because, the chances they will take 6 to 12 mos of payments from you, then turn around and write off the debt and sell your account to another collection agency is HIGH. Then, guess what? You are starting all over again! Besides, the interest and fees don't stop when you are making these monthly payments. So, most likely, very little of whatever you are paying them is actually knocking down that debt. Depending on the age of the debt, the only way to go is to negotiate a lump sum settlement. If the debt is fairly new (say under 2 years) you would be lucky if you offered 1/2 and they took it. If the debt is getting close to the statute of limitations to sue you, they may be more inclined to take less. If it is PAST the statute (and you would have to look up what the law is in your state for medical debt and how long they have to sue you) of limitations, DO NOT PAY THEM A DIME!!! Why? Because, the time frame for them to successfully sue and win has passed! Now, this does not mean they cannot attempt to serve you and drag you into court --- heck, collection agencies ( especially the sewer debt collectors ) HOPE you are ignorant of the law or just too freaked out and scared to show up in court and show the judge that their case has no merit! Another thing: Paying off old debt is NOT going to fix or improve your credit score. When the debt is written off, the damage is done. Only TIME and re establishing your credit will bring your score back up. IF you do work out a lump sum payment (say 30 to 50% or whatever of the amount they say you owe) ALWAYS get the agreement in WRITING FIRST from them. If they won't send you via email, fax or snail mail an agreement, it means they are going to screw you over and act like the agreement never existed! Also, if you get a lump sum agreement, do NOT give them your banking info over the phone! Do NOT send them a paper check! Even if they get threatening saying they won't do the deal unless you hand over your banking details on the phone NOW, do NOT give in! Tell them you will send them a cashiers check or money order. Collection agencies are NOT your friend. They are NOT doing you any favors. Their main goal is to shake as much money out of your pockets as possible.

    Anyways, this was longer than intended, and yes, *normal* people have bank accounts, but, it only takes one snafu to end up in ChexSystems and be blackballed from getting another account. If you do not pay your debt, the bank has the option to sell your debt to a collection agency that can sue you. Your info will also be on file with ChexSystems for 5 years. There are some banks that do offer "second chance" accounts, but, you pay a fee, have to carry a certain balance, and only get a debit card. You will NOT be given paper checks you can write. All banks are different, so they may have other rules for these types of accounts. I know people manage without bank accounts, but, if you ever want to make a large purchase on credit like a car or house and you don't have a bank account, that typically does not go over too well with the lender. They find it odd. LOL

    I just don't want to see you get roped in by a collection agency that will take your payments and then either re sell your debt putting you back at square one, or sue you! There is a general fallacy that has been around since I was a kid (some 50 years ago) that if you are making even a small payment to the collection agency every month they cannot sue you. Sorry, but this is NOT true. Once you default on a loan or contract, you can be sued at any time.

  20. #42
    Banned
    Joined
    Aug 2011
    Location
    Aboard The Spaceship
    Posts
    4,787
    Thanks
    3,183
    Thanked 10,142 Times in 3,290 Posts
    My Mood
    Breezy

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by JuliAnne333 View Post
    The only way that a medical debt could end up placing a lien on your bank account or garnishing wages is if they sue you in court and win. If you get a summons for the medical debt, be sure you go to court and plead your case to the judge. Otherwise, the collection agency that now owns the debt will win by default, and they will haul you back into court to show your assets etc so they can start collecting. When a collection agency wins a suit against you, they have to by law inform your bank 30 days before they start taking money from your account. It does not happen out of the blue. Also, when you know you are being or have been sued and lost, that it is time to STOP putting money in a bank account that has your name and ssn# on it! The only entity that does not have to give you 30 days is the IRS. But, the IRS literally can take years to get to the point of seizing your bank accounts/garnishing wages or taking your property. They will send many letters to you, and even HUNT YOU DOWN and send out an IRS agent who carries a badge and a gun to talk to you about your debt! LOL


    Back to your medical debt: You say it is in the thousands. Well, let me ask you, is this debt (even IF you start making OK or good money camming) MORE than one years salary for you? If so, you are technically bankrupt, and the chances of you paying this debt off are pretty close to zip, being every day fees, interest and who knows what else is being tacked onto the initial debt. You would do better saving up a couple grand to visit a bankruptcy attorney and get this behind you if that is the case. Many people end up bankrupt because of unexpected medical bills and little to no insurance to help.

    Has this medical bill been written off by the hospital or Dr? Usually a hospital or Dr's office will only service the debt for 4 to 6 mos. After that, they sell it to a collection agency. That is when things get fun. You will have the collection agency bugging you to set up *payment arrangements* if you can't pay in full. They will bug you for your bank account # or debit/credit card number so they can draft a set amount monthly. NEVER NEVER NEVER give a collection agency your bank account, credit card, checking account or debit card number. NEVER!!! They will go to town with it! If you cannot pay them a lump sum, then, DO NOT PAY THEM!!! NEVER NEVER NEVER enter into any "monthly payment agreement" with a collection agency. Why? Because, the chances they will take 6 to 12 mos of payments from you, then turn around and write off the debt and sell your account to another collection agency is HIGH. Then, guess what? You are starting all over again! Besides, the interest and fees don't stop when you are making these monthly payments. So, most likely, very little of whatever you are paying them is actually knocking down that debt. Depending on the age of the debt, the only way to go is to negotiate a lump sum settlement. If the debt is fairly new (say under 2 years) you would be lucky if you offered 1/2 and they took it. If the debt is getting close to the statute of limitations to sue you, they may be more inclined to take less. If it is PAST the statute (and you would have to look up what the law is in your state for medical debt and how long they have to sue you) of limitations, DO NOT PAY THEM A DIME!!! Why? Because, the time frame for them to successfully sue and win has passed! Now, this does not mean they cannot attempt to serve you and drag you into court --- heck, collection agencies ( especially the sewer debt collectors ) HOPE you are ignorant of the law or just too freaked out and scared to show up in court and show the judge that their case has no merit! Another thing: Paying off old debt is NOT going to fix or improve your credit score. When the debt is written off, the damage is done. Only TIME and re establishing your credit will bring your score back up.

    Anyways, this was longer than intended, and yes, *normal* people have bank accounts, but, it only takes one snafu to end up in ChexSystems and be blackballed from getting another account. If you do not pay your debt, the bank has the option to sell your debt to a collection agency that can sue you. Your info will also be on file with ChexSystems for 5 years. There are some banks that do offer "second chance" accounts, but, you pay a fee, have to carry a certain balance, and only get a debit card. You will NOT be given paper checks you can write. All banks are different, so they may have other rules for these types of accounts. I know people manage without bank accounts, but, if you ever want to make a large purchase on credit like a car or house and you don't have a bank account, that typically does not go over too well with the lender. They find it odd. LOL

    I just don't want to see you get roped in by a collection agency that will take your payments and then either re sell your debt putting you back at square one, or sue you! There is a general fallacy that has been around since I was a kid (some 50 years ago) that if you are making even a small payment to the collection agency every month they cannot sue you. Sorry, but this is NOT true. Once you default on a loan or contract, you can be sued at any time.
    lol how is it not true if it personally happened to me? A bank account is an asset, so they can take it to pay off collections that are previous medical bills stacked up. Hospitals are the evilest bc they don't want to work out a reasonable payment plan bc they know you're sick and probably won't be able to pay. So once it gets high enough or enough unpayment time passes, they sell it to an attorney (collections agency). If you then don't pay collections and its a high enough amount, they will sue you. However, I never got noticed I was being sued bc it was sent to an old as fuck address so I woke up one day and my bank account was frozen. If I had other assets (which I didnt bc I didn't need a car in my old big city), those would have been garnished as well. They can't take your self-employment $$$, but they can take your bank account. And will do so, if you owe enough and don't/can't pay regardless of your situation. Happened to me and I just went through bankruptcy to fix the mess that was out of my control. You don't control when/how/if/where/how long you get sick for.

    Edit: Oh wait nm you basically said what I just said. That why I should read before replying . Basically, moral of the story: you HAVE to pay all your debts or lose all your assets and go bankrupt ($1200 for me for ch 7 with no assets) or soon everything will be taken from you. They can't take self-employment $$$ though unless you put it in your bank. P.S. Bankruptcy isn't a big deal assuming you have a decent amount of med debt, a stable place to live (rent only) for awhile, and plan to be self-employed for awhile.
    Last edited by GlamourRouge; 08-27-2012 at 03:28 AM.

  21. #43
    Moderator IsobelWren's Avatar
    Joined
    May 2008
    Posts
    3,042
    Thanks
    6,061
    Thanked 9,946 Times in 1,854 Posts
    Blog Entries
    3
    My Mood
    Cheeky

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by Eye View Post
    I'm sorry, I don't want to offend anyone. But I've never understood why people don't have checking or savings accounts. I've had an account since I was 5 years old. That's all I know. Why would you NOT have an account with a bank? Seriously curious, not trying to offend.
    In addition to what GR said there are people who want to under-report income on taxes and get paid in cash (waitresses, strippers, nude models) or people whose business is illegal and are at risk if they report (body rub, black hat hackers, drug dealers, escorts) and therefore don't have a checking account. Plus, if you're a 1099 contractor (as we all are) the government doesn't take money out of your checks, they take it out of your checking account. So if you have garnishments for outstanding debt or child support they will rake you over the coals. I have a friend who was a deadbeat dad for years. He deserves to get every spare penny taken from him to pay for that kid his girl had to support on her own, but the government just takes EVERYTHING he deposits in his account. No living expenses or anything accounted for. They calculated the base amount that it would take to live here (like, $500 for an apartment, when it actually costs $800. $20 for food for a week where I struggle at $40) and pull everything else out. They haven't even told him what he's going to have to do when it comes time to pay taxes. They took all the extra he set aside for taxes. He's selling weed on the side just to make ends meet.


    I

    Quote Originally Posted by Renton View Post
    Him: we could meet... im 5ft 9 sexy italian with a 8 inch love stick...imagine playing with me... how would you do it
    Me: I would cut off your dick and feed it to the pigs

  22. #44
    Moderator IsobelWren's Avatar
    Joined
    May 2008
    Posts
    3,042
    Thanks
    6,061
    Thanked 9,946 Times in 1,854 Posts
    Blog Entries
    3
    My Mood
    Cheeky

    Default Re: Problems cashing SM paycheck

    MEDICAL DEBT

    If it hasn't been sent to collections yet, DON'T pay it all in total. I worked my ASS off to try and pay shit after I had a bad accident, then I found a blog called consumerist. They said that if you're self paying the hospital/dr/whatever will settle for less than the sum, since if it were insurance paying, they'd get even less and since you're self paying, you may default and they get nothing.

    Call the number on the bills and tell them that you just can't pay it any more. You're just at the end of your rope, hardship blah blah blah. Would they settle for a smaller amount than the whole bill if you can get it to them soon?

    Yes. Yes they will.

    I got one bill cut down from 3K to 700. Another went from 2K to 400. Seriously. I wanted to cry and pee my pants at the same time (should have filmed it for C4S). My pharmacy bill, after making months of $50 to $100 payments, I called them said, "All I have in my account is 300[and some change]. Can we say that the bill is entirely paid off if I give that to you now?" THEY DID IT! I don't remember what amount the bill was originally, but it was something like 600-800.

    It will take some time over the phone to get to the right departments, and you'll have to be unfailingly patient, polite and kind, and keep records of who you spoke to, what they said and when, but it is SO WORTH IT! Be firm but kind. Channel that cam girl! Best thing I ever did.

    I'm not kidding or inflating these figures. That is seriously, honestly, legitimately what happened. Doesn't work if you're already in collections, but if you're paying the bills to the hospital themselves, do it.

    http://consumerist.com/2010/07/defla...hone-call.html
    http://consumerist.com/2012/02/save-...g-charges.html


    I

    Quote Originally Posted by Renton View Post
    Him: we could meet... im 5ft 9 sexy italian with a 8 inch love stick...imagine playing with me... how would you do it
    Me: I would cut off your dick and feed it to the pigs

  23. The Following 2 Users Say Thank You to IsobelWren For This Useful Post:


  24. #45
    Moderator IsobelWren's Avatar
    Joined
    May 2008
    Posts
    3,042
    Thanks
    6,061
    Thanked 9,946 Times in 1,854 Posts
    Blog Entries
    3
    My Mood
    Cheeky

    Default Re: Problems cashing SM paycheck

    MEDICAL DEBT

    If it hasn't been sent to collections yet, DON'T pay it all in total. I worked my ASS off to try and pay shit after I had a bad accident, then I found a blog called consumerist. They said that if you're self paying the hospital/dr/whatever will settle for less than the sum, since if it were insurance paying, they'd get even less and since you're self paying, you may default and they get nothing.

    Call the number on the bills and tell them that you just can't pay it any more. You're just at the end of your rope, hardship blah blah blah. Would they settle for a smaller amount than the whole bill if you can get it to them soon?

    Yes. Yes they will.

    I got one bill cut down from 3K to 700. Another went from 2K to 400. Seriously. I wanted to cry and pee my pants at the same time (should have filmed it for C4S). My pharmacy bill, after making months of $50 to $100 payments, I called them said, "All I have in my account is 300[and some change]. Can we say that the bill is entirely paid off if I give that to you now?" THEY DID IT! I don't remember what amount the bill was originally, but it was something like 600-800.

    It will take some time over the phone to get to the right departments, and you'll have to be unfailingly patient, polite and kind, and keep records of who you spoke to, what they said and when, but it is SO WORTH IT! Be firm but kind. Channel that cam girl! Best thing I ever did.

    I'm not kidding or inflating these figures. That is seriously, honestly, legitimately what happened. Doesn't work if you're already in collections, but if you're paying the bills to the hospital themselves, do it.

    http://consumerist.com/2010/07/defla...hone-call.html
    http://consumerist.com/2012/02/save-...g-charges.html


    I

    Quote Originally Posted by Renton View Post
    Him: we could meet... im 5ft 9 sexy italian with a 8 inch love stick...imagine playing with me... how would you do it
    Me: I would cut off your dick and feed it to the pigs

  25. #46
    Veteran Member drearea's Avatar
    Joined
    Jun 2012
    Posts
    590
    Thanks
    2,801
    Thanked 1,390 Times in 408 Posts
    My Mood
    Inspired

    Default Re: Problems cashing SM paycheck

    Sorry to further de-rail this thread, but does anyone have any experience settling with apartment complexes or property management companies (or their debt collectors) for broken leases? I owe $4,500 for a broken lease I would like to pay it but really can't, but if I could settle for less I would be able to get that shit done!


    Edit: Thank you Isobel.
    Last edited by drearea; 08-28-2012 at 12:59 PM. Reason: new thread started in dollar den
    "Well then it's a good thing your faith in me has no impact on how much I make." - MissEgo

  26. #47
    Moderator IsobelWren's Avatar
    Joined
    May 2008
    Posts
    3,042
    Thanks
    6,061
    Thanked 9,946 Times in 1,854 Posts
    Blog Entries
    3
    My Mood
    Cheeky

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by drearea View Post
    Sorry to further de-rail this thread, but does anyone have any experience settling with apartment complexes or property management companies (or their debt collectors) for broken leases? I owe $4,500 for a broken lease I would like to pay it but really can't, but if I could settle for less I would be able to get that shit done!
    Start a thread on this in the Dollar Den subforum. I'm sure that someone there could help


    I

    Quote Originally Posted by Renton View Post
    Him: we could meet... im 5ft 9 sexy italian with a 8 inch love stick...imagine playing with me... how would you do it
    Me: I would cut off your dick and feed it to the pigs

  27. #48
    Moderator IsobelWren's Avatar
    Joined
    May 2008
    Posts
    3,042
    Thanks
    6,061
    Thanked 9,946 Times in 1,854 Posts
    Blog Entries
    3
    My Mood
    Cheeky

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by drearea View Post
    Sorry to further de-rail this thread, but does anyone have any experience settling with apartment complexes or property management companies (or their debt collectors) for broken leases? I owe $4,500 for a broken lease I would like to pay it but really can't, but if I could settle for less I would be able to get that shit done!
    Start a thread on this in the Dollar Den subforum. I'm sure that someone there could help


    I

    Quote Originally Posted by Renton View Post
    Him: we could meet... im 5ft 9 sexy italian with a 8 inch love stick...imagine playing with me... how would you do it
    Me: I would cut off your dick and feed it to the pigs

  28. The Following User Says Thank You to IsobelWren For This Useful Post:


  29. #49
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Problems cashing SM paycheck

    going back to the original topic / question ...

    SM disburses funds from a bank in Cyprus. Thus actually getting funds transferred across the US border into a US bank account is an 'exercise' in and of itself. If you want this done quickly, by one method or another, international wire transfer fees are going to be incurred. If you don't want to pay those fees, then other means will be employed by the banks to cover the time required for international funds transfer by 'normal' channels ... i.e. 'holds' placed on the deposited check, 'frozen' bank account funds to cover the amount of the check etc. Check cashing services like WalMart are essentially taking a risk of loss if they hand you instant cash in exchange for an SM check that may take 2 weeks for funds to actually be transferred between the Cyprus bank and WalMart's US 'bank'.

    Payoneer and similar payment processing services get around these limitations by utilizing the international presence of Visa or MasterCard. Or put another way, Visa or MasterCard can effect an international funds transfer to 'themselves' which bypasses the international check clearing or international bank to bank funds transfer mechanisms. They impose a service charge for this international transfer of course, which winds up being tacked on as a 'fee'.

    As to being approved for new US bank accounts, indeed recent laws restricting the ability of US banks to impose various fees on 'retail' customers has resulted in many banks now being very reluctant to approve new accounts if there is anything in the applicant's financial history that indicates potential future issues with overdrafts / financial 'irresponsibility' etc. The motivation for this, of course, is that the banks now have a much more limited ability to pass on costs they incur as the result of bounced checks etc. to the account holder. In an environment of a poor economy and low interest rates, banks aren't able to earn much money via 'investing' the average 'small time' customer's account balance either. So in real world terms, customers who are likely to only maintain low balance checking accounts ... without also seeking loans or mortgages, or bank sponsored credit cards, or bank CD's etc. from which the bank could actually earn some money ... now represent a probable financial loss to the banks ( net of bank 'labor' costs to service that low balance checking account ) ... without factoring in the potential additional bank losses resulting from overdrafts etc. So bottom line is that these days most banks don't want to open new accounts for 'retail' customers with low reported incomes, with low or negative net worth etc.

    And indeed ChexSystems is a nationwide database which keeps records of people's financial 'irresponsibility' which almost every financial institution uses to evaluate new account applicants. A past history of 'problems' with any previous bank account, as reported by ChexSystems, is virtually guaranteed to get you rejected when trying to open a new bank account.

  30. #50
    Banned
    Joined
    Aug 2011
    Location
    Aboard The Spaceship
    Posts
    4,787
    Thanks
    3,183
    Thanked 10,142 Times in 3,290 Posts
    My Mood
    Breezy

    Default Re: Problems cashing SM paycheck

    Quote Originally Posted by IsobelWren View Post
    MEDICAL DEBT

    If it hasn't been sent to collections yet, DON'T pay it all in total. I worked my ASS off to try and pay shit after I had a bad accident, then I found a blog called consumerist. They said that if you're self paying the hospital/dr/whatever will settle for less than the sum, since if it were insurance paying, they'd get even less and since you're self paying, you may default and they get nothing.

    Call the number on the bills and tell them that you just can't pay it any more. You're just at the end of your rope, hardship blah blah blah. Would they settle for a smaller amount than the whole bill if you can get it to them soon?

    Yes. Yes they will.

    I got one bill cut down from 3K to 700. Another went from 2K to 400. Seriously. I wanted to cry and pee my pants at the same time (should have filmed it for C4S). My pharmacy bill, after making months of $50 to $100 payments, I called them said, "All I have in my account is 300[and some change]. Can we say that the bill is entirely paid off if I give that to you now?" THEY DID IT! I don't remember what amount the bill was originally, but it was something like 600-800.

    It will take some time over the phone to get to the right departments, and you'll have to be unfailingly patient, polite and kind, and keep records of who you spoke to, what they said and when, but it is SO WORTH IT! Be firm but kind. Channel that cam girl! Best thing I ever did.

    I'm not kidding or inflating these figures. That is seriously, honestly, legitimately what happened. Doesn't work if you're already in collections, but if you're paying the bills to the hospital themselves, do it.

    Idk, it def depends on the situation. For a lot of people, that method probably won't work. They do reduce the amount for a flat out paid cash amount, but the problem is... when your med debt starts being tens of thousands of dollars, they will only settle for an amount thats still really high. For example, i could have settled mine for 25k but a.) i didnt have 25k to hand over and b.) even if i did, it would be dumb to pay that amount when i could pay $1200 for chapter 7 bankruptcy and then be done with it. The annoying/tricky thing about medical debt is its scary. Your insurance can drop you (hai there) or you can continue to rack up more med debt after you settle or declare bankruptcy and then be fucked some more. I really think.... if you cant afford treatment, you should hold onto.all your cash bc you dont know if you will need further treatment and it adds up fast. If youre healed/have been fine for awhile, id say its ok to settle if its a low amount (like below 10k) or declare bankruptcy if you have little to no assets and big medical debt (like 30k+). For awhile, i was flat out spending all my dancer money on med bills and was terrified bc i knew it would soon exceed what i was making and then it did. I wish i would have kept all that cash for myself since I ended up choosing bankruptcy. Oh and once again DO NOT keep that cash in your bank if youre in the same situation.

    Also, if you have ongoing treatment, you should still pay bits here and there or else the hospital could technically stop treating you once they realize yoy cant/wont pay... which is also why most doctors wont take patients without insurance unless they pay upfront in cash.

Page 2 of 3 FirstFirst 123 LastLast

Similar Threads

  1. Cashing SM checks
    By lolabunny in forum Camming Connection
    Replies: 24
    Last Post: 11-24-2011, 04:50 PM
  2. Your Best Paycheck EVER!
    By BuffyFlame in forum Other Work
    Replies: 6
    Last Post: 11-26-2010, 01:19 AM
  3. Club not cashing in funny money
    By Athenathefabulous in forum Stripping (was Stripping General)
    Replies: 38
    Last Post: 12-16-2009, 06:35 PM
  4. Credit card companies cashing in
    By Deogol in forum Dollar Den
    Replies: 11
    Last Post: 10-16-2007, 06:13 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •