Insurance2203
New Member
- 8
I worked for an insurance company specializing in the senior market for a year from 2008 to 2009. I did not have a good experience at all, it didn't work out and I am no longer in the industry and don't plan on returning. A couple days ago I got a call from a collections agency saying that I owed the company I worked for a little over $2,000 from chargebacks for cancelled policies. They gave me a deadline of October 1st to pay back the amount in full or they would put it on my credit report, as well as any other reporting agencies. Do I actually have to pay these back and what would happen if I didn't? i.e. jail, court, black mark on credit report or just not be able to work in the insurance industry anymore? Any advice would be appreciated. Thanks.