Working Capital DLGJ0602
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Why am I getting code DLGJ0602 when reapplying for Paypal Working Capital? This is my 5th time. Sales are up, everything seems to be good otherwise. Has anyone ever had this problem and is there any resolution?
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PayPal Loans
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I have had 10 loans, paid off with no issue and have been a long time customers. I run millions in transactions annually and got a decline as well. I have called, tweeted, emailed and messaged. Every person I talk to gives me a different answer. I am sure they are trying to de-leverage and I guess all of us long time customers, with consistent sales and sales growth are just too risky.
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What kind of responses did you receive when calling or speaking with someone online? I get a variety of useless replies from PayPal, either avoiding my questions all together or replying with something that doesn't even make sense.
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Everything from my industry is no longer eligible to a transaction/purchase we processed for a client that’s works for the RNC. Said since we did business with a political organization, it made us ineligible. I tried to say that we only work with people, not organizations, but again, they blamed it on the algorithm. It’s laughable. One rep told me to go to my bank if I needed a loan, lol. Because it’s so easy to get a bank loan right now. I tried again today, declined. They say to keep trying, but I’m over it. Looking at other processors.
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I have been applying for a few months now. I even paid off my last outstanding loan in half the time using a huge sale, anticipating that everything was ahead of where I was last year.
I have applied about 30 times now and keep getting a different answer from Paypal as to why.
I hate to complain as its something they offer without running your credit, but if they are just not accepting loans to the pandemic, they should really be upfront, rather than frustrating clients that depend on this for larger projects and expansions by giving the runaround.
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I think it might just be that they don't want to or "can't afford" to give out money due to the pandemic but yes, I'd appreciate it if they'd say why that is. I just finished my 4th loan and now nothing. I was looking forward to the assistance but now I'll just have to figure it out elsewhere.
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