PayPal Community

So After much trying and maybe 2 dozendenials/ rejection letters I finally got approved for a 2nd loan. I am still mad at the whole system and think paypal really need to take the necessary steps to improve upon this program. I got approved for 12500 and I am happy it came at this moment because it will really help my business throught the holiday season. However If I may say so I feel like the whole system is like being blinfolded and firing after a moving target, hoping that at some point you might hit bullseye If it helps any, one word of advice....................Please make sure that all information used for the application of the loan is EXACTLY as it is written in your profile page. I was only approved after follwing this advice by another poster here................   Good luck to everyone and i hope paypal can get it together so that we can have a more logical and rational system by which we can be approved. ... View more

the whole system is really bad and frustrating. It would be better for them to suspend the program until they figure out exaclty what they want to do with it rather than having it going and changing the rules/ policies everyday. applying for this loan is almost lile playing the lottery or shooting after a moving target that you have no idea where its going to be at any point in time but blindly hitting hoping you will strike   good luck to those who will get, I was approved for appoximately 10K in february, paid of the balance in a lump sum of about 3k in hopes of getting another and after almost a month now of trying and constantly denied I will say F to that.   I shall be going elswhere.................. ... View more

Got some of these ridiculous letters today   they all said " your account is not in good standing" when i called i they told me i had a paypal dispute opened against me 2 mnoths ago and as a result this may be the reason..............   I have to laugh,,, over 100K in sales already this year and a single dispute and now they claim in not in good standing? this whole program is a complete joke ... View more

the whole thing is strange I mean, this is about 2nd an 3rd loans. why would an entity in te busines of loaning money, deny someonewho had demonstrated the ability to pay??? I was aprroved ofr 9.5K Pay it all of without issues and now i am denied for like five tries now the worst isnt the denial, but that there is no reasonable explanation as to what led to the denial As much as i appreiated EJ coming out to address a few things, the core issue is still left untouch......................whart in the process is cause people who have borrowed and repaid to be denied without explanation??? ... View more