PayPal Community

..I have to share this. The actual reason why I was denied a second loan is " Not enough sales"... haha... then why did I get the 1st loan in the first place? Sales haven't changed, they haven't improve either and are not constant, filled with slow lapses, as they were when applying for the 1st loan. I may sell very little for a month or two but then I sell thousands in 2 weeks.... Besides, the reason why I applied is that I want to do more marketing so I can sell more...... if I sell a lot, then I have the money, I become self sufficient, why do I need your loan for?  So, what they want is pocket the fee and be repaid in a month... then they can get another fee... because apparently, 6 months is too long for them...IF SO, then say so upfront. DO NOT waste my time......   ... View more

I called today to ask for the reason of the loan denial and got this Shannon girl with attitude telling me that I would receive a letter within 14 days explaining the reason .... right... thank you very much.... send me a generic letter with a generic reason, as usual... don't take time to review my case and see what could have been the reason for denial..... 'scuse me for taking the time to call, wait 10 mns to get someone on the phone and bother you on you Friday morning.... ... View more

Same here.... Was approved for $2,500 in February 2014 and paid it off in August 2014 (7 months). Asked for a new loan: DENIED. Never had a charge back, or a dispute, nothing.... always make sure to Add Money if and when needed....  business isn't that great, I admit, but it isn't different than the day I was approved for the first loan....The only thing I am thinking may be that I had used the sales money before they could take the repayment, but that was because I thought that they would take the repayment immediately as they do for the fees. It may have happened twice, before I realised that the balance still had the repayment in it and then I never did it again. I feel better to see that I am not the only one but I am not happy that they are so harsh. I am seriously thinking about moving my business elsewhere... Why attract people's attention with such a beautiful and easy program and then drop them like dirt? Where is their interest to drop us? They are taking 15% after all plus $106 fee. So what's their beef? I find this very offensive and I am really **bleep** off....... as if we aren't worth another one.... I was actually very serious repaying back because I was counting on this as a very simple and helpful help to my business once a while.  Keep your money PAYPAL and leave me alone. Don't ever ask me to sign up with any of your programs..... and I WILL NEVER recommend PayPal ever again to my friends, customers and associates.... and they are plenty. Thanks. ... View more