My partner had a Paypal business account for an electrical training business which operated as a limited company. He used my details to open the account as his credit rating was not perfect. Unfortunately, the company had to cease trading due to funds running out. I now find that even though the company was ltd, as the PayPal account was opened in my name I am now responsible for all the chargeback debts (a lot of which are fraudulent as students who had almost finished the course have claimed the whole amount they paid back). I was not given the chance to defend these chargebacks, now running up to 20k, as Paypal said they sent an e-mail to the e-mail address put down when the account was opened. However, this was my partner’s e-mail address and when the business had to cease trading, the e-mail address became defunct and the e-mails would have bounced back to them. They had my address and telephone no. on account but said they only contact people by e-mail and it was my responsibility to advise them of a change of e-mail address. The first I heard of the chargebacks was when I was contacted by a debt agency. Any advice or help would be appreciated as I have no idea how I can begin to repay this debt.
Posted: November 16, 2012 at 7:52 pm