Being turned down for Paypal Working Capital despite meeting criteria
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I have had loans before, which have been easily repaid from Paypal working capital and was also very recently offered another loan, when I did get accepted, although I did not take it out then. Now I want to apply again, it says I am not eligible, yet I have the £9k plus turnover needed. What else do I need to do to ensure getting accepted for the loan? No one seems to know exactly what I should be doing different. Have their rules on who qualifies changed?
Any suggestions welcome (this is for a business account).
Thanks
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These are the collection of answers I have received for the decline codes since May 30th when I paid off my last loan with a lump sum (kicking myself for doing that) - You are applying too early wait 5 working days - You should keep applying every day as many times as you can. @paypalsupport suggested that since Covid-19 PPWC has now become an invite only service and if you are not selected by email or by a message through PayPal then you cannot apply for PPWC. @Webform are saying that they don’t know why I am being declined but try again in 2 weeks but don’t apply every week. I think I have taken this as far as I can, the answer is that no one knows. I’m not sure what else I ought to do. I should have read the community forum weeks ago before clearing my last loan.
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