Coinbase, Exchanges

What Happens if I Owe Coinbase Money?

If you owe Coinbase money, there are a few possible outcomes. Coinbase may attempt to collect the debt from you directly, or they may sell the debt to a third-party collection agency. If Coinbase sells the debt, the collection agency will then attempt to collect the debt from you. The collection agency may use aggressive tactics to collect the debt, so it’s important to know your rights.

NOTE: WARNING: If you owe money to Coinbase, you may be subject to legal action. Coinbase may pursue legal action against you to recover any funds owed. Coinbase may also report any debts that you owe to credit bureaus, which can damage your credit score and affect your ability to get credit in the future.

You can read more about your rights when dealing with a collection agency here. If you are unable to pay the debt, it is possible that Coinbase will take legal action against you. This could result in a judgment being entered against you, which could lead to wage garnishment or seizure of assets.

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