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Can a potential employer with whom you have signed a contract to pay them 5000 USD in case you do not join them ruin your credit in the event that you do not join and do not pay the 5000 USD?
Wiki User
∙ 12y ago
If you are required to pay the "employer" it is not a job, it is a Ponzi scheme where the new "members" payments are given to the "investors" above them in the chain until the "company" collapses when there are no new recruits. If you are in the United States, report this scam to your state's Attorney General.
AnswerYou signed that contract? Ponzi scheme or not, if you signed a contract saying that you would pay them $5000 if you didn't join, then they can sue you for it. They cannot report it to the credit bureaus until a judgment has been issued against you in a court of law.________________Signed or not, an illegal contract is not enforcable, so if this is a Ponzi they cannot get a judgment.Wiki User
∙ 12y ago
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