YOU should be concerned about getting aproved again we had 4 - $20k loans since April of 2015. We had the last one we paid off yesterday by paying the remaining balance off which was $3,795. We did this thinking we'd have no problem getting another one right away since we did over $900k in paypal sales last year alone. FYI our sales slow down in Nov-Jan but pick up in Feb and duing the year we do as much as $180K in a month. Well sorry to say this time we were not approved which put us in a very difficult position from a financial planning standpoint. The probelm with PPWC is that it relies soley on an alogrithm with no human interaction. Up to this point I considered the PPWC to be more of a partnership - no longer because it can not be relied upon, hence you can not do any financial planning with it. Which is actually the purpose of the product. The program needs a human loan officer also to be a good planning tool. We paid over $18,000 in paypal transction fees last year and over $2k in PPWC fees. You'd think with having paid Paypal over $22K in fees last year and over $20k the prior year we would qualify for another $20k PPWC loan no questions asked. Not the case at all. So we were forced to ask for the last payment back of $3,795 just to pay our bills. PPWC really let us down at a most crucial time.
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