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Former Employer Reporting Me to Credit Bureau

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  • 12-12-2012, 01:55 PM
    dazednconfused89
    Former Employer Reporting Me to Credit Bureau
    My question involves collection proceedings in the State of: Ohio

    I worked for a financial advising firm for 6 months. During that time I was a top producer (100% commission) in their office and qualified for insurance/medical benefits. I signed up my family and myself and the insurance premiums began to be withheld from my paychecks. Over the 6 month period my sales went down and I was not making commission, but the insurance premiums continued (they were now being covered by the firm). I was not able to discontinue the benefits as there was not a life event, but we were also NOT using them no doctor appointments during my employment. Please note that I feel I had no way to avoid this debt to them.

    The debt total when I left was approximately $1900. I was contacted by them and after trying to argue my point with them agreed to pay $100 a month, unfortunately my economic and health situation changed dramatically, and I was only able to pay them back $700, leaving a debt of $1200.

    I contacted them via email, and asked them to reconsider and accept $300 lump sum paying them back 50% of the original amount owed. No communication back from them until now, I have a lawyer contacting me telling me I have until 12/31/12 to pay them the full $1200 or at least $1,000 lumpsum or they will report it to the credit bureau as well as reporting me to the Ohio insurance department. I let them know I no longer had my Ohio insurance license so now they are only going to report it to the credit bureau.

    I don't have the $1,000, and I don’t feel I truly owe them this money, do I have any other options?
  • 12-12-2012, 02:25 PM
    cbg
    Re: Former Employer Reporting Me to Credit Bureau
    It doesn't matter whether you were using the benefits or not. UNDER THE LAW they may not allow you to drop them unless it is either a qualified life event or the annual open enrollment period, and the IRS, not the employer, decides what is a qualified life event. The employer would be in violation of the law if they allowed you to drop the benefits when it was not a qualified life event (or open enrollment) and if caught in an audit (and ALL plans are audited regularly) it could put the entire plan in jeopardy. I am not exaggerating.

    Sorry, but you do owe the money.
  • 12-12-2012, 05:18 PM
    dazednconfused89
    Re: Former Employer Reporting Me to Credit Bureau
    CBG thank you for your response, but one more question please.

    If I don't pay it and they report me to the credit bureau am I done with this then, and just have it on my report? and how long would it remain on my credit?

    Thank you
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