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Yes I got that one today as well. Damm. Yes it might be right. I normally keep about $10000 in the account balance and since 1-2 months now I am always between $100-$1000
so I guess I would have to start from scratch and keep at least $5k -$10k in account
We have about $330.000 amount in completed loans.
oh then is normal.
Yes, I have been funded for $330.000 already in the last year. Don't worry keep applying.
In the past, We were getting a weird code for weeks and the next day you get $120.000 approved. this is what happened to us. We are not worried at all. just keep applying. This is not new, their algorithm is very weird and is very well known in the community.
Unfortunately, this whole thing is normal for PWC. Lol. Random and unsubstantiated denials and errors, often lasting days, weeks, or even months for some customers...is part of the PWC experience for almost all of us sooner or later. I can't tell you how many times I've come across folks who have said "we've had X number of loans through PWC with no issue" but are now experiencing the same garbage problems with it that everyone else has had at some point. It's been this way for years....since PWC's inception.
The entire system is 100% automated, finicky, and incredibly prone to bugs and errors. No one (customer service included) knows exactly how it works or why, and the denial reasons and errors are often just random or generic stuff that it spits out when it has an issue.
It's frustrating, I know...but literally all you can do is continue double-checking all your information and all the criteria, and continue applying each day.
Unfortunately, it doesn't seem to be a big enough issue profit-wise for PP or WebBank to actually overhaul the system.
If it makes you feel better, we're going through the same thing. Four previous loans, stellar history, no red flags, steady increase in sales, you name it...now getting random denials and errors (that change daily and are often outright false) for no particular reason. It is what it is.
I am getting the same code and dont know why. I have gotten 3 previous loans and paid them back and now they are denying me a loan with the same code DLGJ0905. I have asked them to change that I think if you have paid previous loans and they can see your invoices you have waiting for money coming in that’s a guarantee and you should be approved based on past and present sales. Cause they are going to get their money it is guaranteed!