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2nd Loan getting denied for recent holds, reserves or restrictions.

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Contributor

2nd Loan getting denied for recent holds, reserves or restrictions.

If my loan got denied because its saying that my account has had recent holds, reserves or restrictions. How long will I need to wait until I can apply and get approved again. My first loan was 20k. I paid it up in 3 months and now not having the loan available is really frustrating because I paid the last 11k in one manual payment assuming I would get approved for same amount or more. Are there any tricks to play around with the account? My sales have only increased so this is even more upsetting. 

3 REPLIES 3
Esteemed Advisor

Re: 2nd Loan getting denied for recent holds, reserves or restrictions.

@skolnik6137

 

No one here would know the answer to that one, you would need to ask customer services.


Advice is voluntarily given.
Kudos / Solution appreciated if I helped you.
Advisor

Re: 2nd Loan getting denied for recent holds, reserves or restrictions.

@skolnik6137

 

As Kernowlass mentioned, you would need to speak to PayPal for specific answers.

 

I wanted to let you know about PayPal Funds Now. I'll link details.

 

https://www.paypal.com/us/webapps/mpp/funds-now

 

https://www.paypal.com/us/smarthelp/article/what-is-funds-now-and-how-does-it-work-faq3924

 

I also wanted to let you know that if your sales are increasing it may be a good idea to go into your account and adjust to your updated monthly sales expectations.

Advisor

Re: 2nd Loan getting denied for recent holds, reserves or restrictions.

recent holds,reserves,restrictions say one thing-your sales record is not pristine,one day PAYPAL may have to eat some losses.

so improve your sales performance and then call Paypal