Paypal Working Capital Loan Crazy Interest Rate?!

bostonsgarden
Contributor
Contributor

Has anyone else been approved for a loan only to see that it was going to cost you about 30% in fees?!

I've had 11 loans and just paid one off for almost $30k and went to apply for another only to see that at $24,000 it would cost me $6040?!! And that's at a payback rate of 30%

I've never had to pay more than 10 % of the total so this is crazy!

 

I get why they want such a large % back in repayement but that makes it near impossible to make any profit once you add in Ebays fees& end of the year taxes.

Login to Me Too
2 REPLIES 2

victorlock
Contributor
Contributor
can you tell me where you applied
Login to Me Too

bostonsgarden
Contributor
Contributor

@victorlock wrote:
can you tell me where you applied

you can google paypal working capital and their website will be there as well as the link to an application& requirements to apply.

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.