Update to my message: I’ve spoken to five different people over the last 2 weeks, each of whom has a different reason as to what is going on. It’s clear they don’t know themselves and to get us off the phone, they are offering hopeful Tangents you’re prevent us from calling back (try again in three days, your account will be approved, it all looks good, try again) Basically, from what I have untangled from it all: *paypal has tightened their strings in relation to covid19, and people who have never been declined are getting declined. Some applications are being accepted, but it is only a small amount *paypal is manually approving these loans (as in, no automatic decision anymore, someone is looking at the loan and will come back with an offer in three-seven days) *these offers are extremely low, eg: business turning over $500k through paypal a year are averaging a loan offer of $3k or less *staff are being encouraged to have consumers pay off their loan earlier to there is limited risk to PayPal during this time From the looks of it, PayPal is simply choosing to withdraw this service during this time (all good, frustrating, but understandable). I just wish they as a company would be transparent with their consumers and those who use their services and come out and say it. They expect us to be transparent in our applications and behaviour, they can only do the same.
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