paid for 4 months after leaving work.

kevd10

Hi there.

My post is not about asking whether or not I have to pay the money back etc because I know I do. The problem is, I dont have the money. I left my job in november last year, and for some reason the large company that I worked for payed me for the first time after leaving at the end of febuary. They have paid me every month since. This equates to around £5500 that I owe them, and I simply dont have it because I was using my bank card alot whilst not realising what was going on. The only thing I can do is propose to them that I can pay £400 up front, and up to £150 every month thereafter until the funds are paid back in full. I guess what I am asking here is just for peoples opinions on whether the company will accept this or take legal action against me? Any form of legal action would cripple my life as I have just bought a house, new job etc. I guess i dont really have a choice because I cant pay them back what I dont have. Thoughts?

Judith_W

Could you take out a loan to repay them? I would personally say it is reasonable for you to repay at the rate they paid you - ie over 4 months. Any chance you could get a 0% credit card for a year and pay it back over longer.

somethingcorporate

You didn't realise you continued to be paid and didn't realise you spent an extra £5.5k over 4 months? really? I don't believe you.

I'd take the above advice and get a loan.

getmore4less

what have you spent it on,

Thats over £1300 per month.

if you were buying a house and changed jobs you would have a close eye on your finances.

kevd10

getmore4less wrote: »

what have you spent it on,

Thats over £1300 per month.

if you were buying a house and changed jobs you would have a close eye on your finances.

I don't see any relevance in this apart from being nosey. My question was not about whether or not I should have spent it.

mynameistallulah

Why do you think you should only return £150 each month, when you have spent £1300 of their money each month?

What you have spent the money on is entirely relevant - you need to get returning/ reselling these items!

kingfisherblue

I find it difficult to understand how you were paid £5500 and managed to spend it, but didn't realise. Even if you are using your card a lot, it isn't really an excuse.

I don't know whether you would be eligible for a loan, but it is worth considering. However, you would have to pay interest. The only other option is to ask your previous employer if they will accept a payment plan, but I would imagine that they would want more than you have suggested. They might decide that they want the full amount up front, and could take legal action to collect what is rightfully theirs. If you left on good terms you could approach them, but if you didn't, then definitely expect them to want the money up front.

Mara69

kevd10 wrote: »

I was using my bank card alot whilst not realising what was going on

With all due respect, that is b0llocks. Short of having a serious mental illness, everyone would notice a unearned salary going in for months on end!

Realistically you should pay it back at the same rate you received it.

Rockporkchop

Mara69 wrote: »

With all due respect, that is b0llocks. Short of having a serious mental illness, everyone would notice a unearned salary going in for months on end!

Realistically you should pay it back at the same rate you received it.

This!!

I am actually insulted that you think anyone on here would believe that story.

Tiddlywinks

kevd10 wrote: »

My post is not about asking whether or not I have to pay the money back etc because I know I do. The problem is, I dont have the money. I left my job in november last year, and for some reason the large company that I worked for payed me for the first time after leaving at the end of febuary. They have paid me every month since. This equates to around £5500 that I owe them, and I simply dont have it because I was using my bank card alot whilst not realising what was going on. The only thing I can do is propose to them that I can pay £400 up front, and up to £150 every month thereafter until the funds are paid back in full. I guess what I am asking here is just for peoples opinions on whether the company will accept this or take legal action against me? Any form of legal action would cripple my life as I have just bought a house, new job etc. I guess i dont really have a choice because I cant pay them back what I dont have. Thoughts?

getmore4less wrote: »

what have you spent it on,

Thats over £1300 per month.

if you were buying a house and changed jobs you would have a close eye on your finances.

Good question from getmore4less...

kevd10 wrote: »

I don't see any relevance in this apart from being nosey. My question was not about whether or not I should have spent it.

Not relevant that you managed to spend £5500 without noticing :rotfl::rotfl::rotfl:.

You asked for thoughts and I have a few for you to choose from:

1. New poster + ridiculous story = Troll (clip, clop)

2. Unless you are a complete financial idiot, there is NO WAY you could have spent this money without knowing what you were doing - I think the company should take legal action to recover the money owed.

3. What the heck *did* you spend the money on?

starrybee

So assuming you "didn't know what was going on"....you did know that you were spending money? How were you planning to pay that back if you didn't think you had it in the first place? You say you used your bank card...so you must have known you had the money in the bank?