topic Re: Anyone know if MoneyGram or Western Union Report on Credit? in Credit Cards

Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Tue, 14 Feb 2012 23:04:28 GMT

Im just curious if either of these companies report on your credit when you send money.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Tue, 14 Feb 2012 23:06:56 GMT

No, they don't.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Tue, 14 Feb 2012 23:08:32 GMT

So if I send someone money, and the agent screws up, and its over my limit, and the bank does not approve the transaction do I have anything to worry about? The agent added a "0" to my transaction.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

pizzadude — Tue, 14 Feb 2012 23:24:04 GMT

I would assume in that if they tried to send more money than was available in your account that they would just cancel the transaction rather than over drafting your bank account. But to be certain you should check with your bank and also with the money transfer company as well.

If if was an error on their part then you should not be held responsible.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Tue, 14 Feb 2012 23:32:45 GMT

Ther error was noticed when the receiver was told theres an extra "0". All of the money was cashed. Im not sure how this happened but its only pending on my card at the limit. Hopefully I wont be held responsible and can recover the extra funds through the receiver.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 04:18:52 GMT

@Anonymous wrote:
Ther error was noticed when the receiver was told theres an extra "0". All of the money was cashed. Im not sure how this happened but its only pending on my card at the limit. Hopefully I wont be held responsible and can recover the extra funds through the receiver.

I would contact the bank immediately about it, even if it's Western Union or Moneygram's screwup, I'm sure they'll try to blame it on you if you signed for the receipt. I'd call the bank and give them all the details NOW instead of waiting for the charge to go completely through.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 04:26:31 GMT

Oh man you are so right. Since they gave the person you sent the money to, the cash.....wait, did you know that person? Why did he/she take it if they were told there was an "extra" zero?

You may be in for a big fight on this one and i would contact really really quickly. Western union may be at fault technically, but unless you have a reciept from them showing the actual correct amount, well they will say you didnt stop it, and the person you sent the money to didnt stop it either.

Good luck, i think this could be a tough one for you.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

ibmrad7 — Wed, 15 Feb 2012 04:30:07 GMT

No they dont. But every service has a preset limit of foreign transfers.

For example, the service I use limits me to 10000$ max each account for a 12 month period.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 04:42:33 GMT

Just an update, the pending charge has been removed after calling the bank. MoneyGram terminated my account claiming that im a risk. Small price to pay considering thousands were on the line. I guess this would be a loss on MoneyGrams part but they are the ones who messed up.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 04:54:11 GMT

@Anonymous wrote:
Just an update, the pending charge has been removed after calling the bank. MoneyGram terminated my account claiming that im a risk. Small price to pay considering thousands were on the line. I guess this would be a loss on MoneyGrams part but they are the ones who messed up.

You're a risk? I'd say any financial institution that 'accidentally' adds an extra zero to a transaction is a serious risk. Maybe they should look in the mirror.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 04:56:07 GMT

Im not even going to argue with them at this point. The woman was completely clueless. I have the receipt and it has it also on the website. She looked at that and said why did the agent increase it. I said I dont know but I shouldnt be charged for the mistake. She proceeded to tell me my account is terminated and I owe the money.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

bostonte — Wed, 15 Feb 2012 05:18:41 GMT

You left out all the details when you asked the question....

Now that we kind of know what happened, I would change my answer to a yes.

Well maybe it won't be MoneyGram themselves -- but if they think you owe them money they won't hesitate to send it collections, and collections can and will report.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 05:27:32 GMT

In my second post I attempted to clarify. If they dont report then they would have to hand it to some other company. If anything appears it will be disputed immediatly.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

pizzadude — Wed, 15 Feb 2012 12:09:26 GMT

Yeah I'm pretty sure that they are going to come after you for the money since they paid it out to someone. I hope that you have paperwork showing that you intended to send the smaller amount of money.

How much money did they give out ? Was it like $400 instead of $40 ?
Or closer to $5000 instead of $500 ??

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 15:24:52 GMT

The extra 0 took it from hundreds to thousands. Talked to a supervisor and there going to write it off.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

pizzadude — Wed, 15 Feb 2012 15:35:48 GMT

@Anonymous wrote:
The extra 0 took it from hundreds to thousands. Talked to a supervisor and there going to write it off.

Good, well I hope this means that they will leave you alone about it. I would ask the supervisor to send you something in writing indicating that it was their mistake and that they won't hold you responsbile. Just in case someone comes after you for the money later on.....

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 15:44:30 GMT

I have her name, direct contact number, and company number with extension. She did say she will get back to the bank with their documents. The agent before her said it will go to their retention department. I asked both of them if they report to credit and both said no. So I guess the retention dept is more or less a harassment dept. I did a bit of researching online about their practices and find that my case is far from rare. I will never do business with them again.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 16:27:48 GMT

theres also a lot of money fram and western union scams where someone sends you a check for too much and than asks you to wire them the extra, be careful there

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 16:31:53 GMT

@Anonymous wrote:
theres also a lot of money fram and western union scams where someone sends you a check for too much and than asks you to wire them the extra, be careful there

Well this was a friend that was sent the money. The agent told him he couldnt take a part of the money and that he had to take it all. Thats when I got notice that it was more than what I sent. We will use paypal or something else from now on. I cant imagine WU is any better with this.

Re: Anyone know if MoneyGram or Western Union Report on Credit?

Anonymous — Wed, 15 Feb 2012 16:40:35 GMT

@Anonymous wrote:
@Anonymous wrote:
theres also a lot of money fram and western union scams where someone sends you a check for too much and than asks you to wire them the extra, be careful there
Well this was a friend that was sent the money. The agent told him he couldnt take a part of the money and that he had to take it all. Thats when I got notice that it was more than what I sent. We will use paypal or something else from now on. I cant imagine WU is any better with this.

Ok, an alternatice is Chase Quick Pay but you have to set up the account in advance but not sure you have a chase account