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tlwaljerlifepoe · ‎Jan-10-2019

I have gotten three previous loans from PayPal working capital. All three loans were paid off before hand and successfully. This time when applying which is my fourth loan I have getting code PayPal working Capital Code DLGJ0656. I have called PayPal working capital two times already getting the same representative telling me the same thing. The rep is telling me that the Acura them can pick up anything from a decline in sales to a spike in sales. I have had a spike in sales in December. I asked him if I had a spike in sales then why is it telling me my business is not eligible. That does not make any sense. I do not think that they should be using an algorithm and an eligible ability should be based on whether you've had a loan or previous loans in the past and whether they were paid off in time. The algorithm is not reliable. I have also heard that PayPal working capital bought out another company in order to disperse more funds but nothing has been done. I have looked on reviews for PayPal working capital also and found that there are several several people that are having the same issues. It does not matter how many times I have applied I still get the same code telling me my business is not eligible. This is absurd! The same wrap from PayPal working capital also told me that it can detect whether or not you put your store on vacation. So this little thing can make a difference when applying for a loan. I don't believe there is any other loan company that works this way. PayPal working capital wonders why they have so many bad reviews but they're not understanding than an algorithm should not determine whether or not you get funds or not. They need to look into this. I would like for someone from the Paypal Working Capital Merchant Services to please help me with this issue. The representative keeps telling me to keep reapplying which I do but I keep getting the same code. Like I said I've had three previous loans a total of $13,000 that I have paid off successfully in ahead of time and now this time I do not qualify or I'm not eligible question mark this makes no sense to me and basing it off in algorithm should not be whether I qualify or not. Getting code PayPal working Capital Code DLGJ0656 over, and over.

tlwaljerlifepoe · ‎Jan-03-2019

Me too! I have had 3 all of which were paid off early. Go apply for my 4th loan and got denied! Highly upset. 1st loan 3500.00 Paid off early. 2nd loan 7500.00 Paid off early. 3rd loan 2500.00 Paid off early. My 3rd loan was lower than my 1st and 3rd loan which did not make any sense. All loans paid off. Like you I did not have a error code. I did at one point had a net negative in my balance. I rectified that. This only happened one time because of circumstances Beyond My Control at the time. Regardless, I've always had money in my account and sales which have always been good. So that is the only thing that I can think of would be the negative that I did have at one point. But like I said I rectified it. I am just going to keep reapplying. But what gets me is that my third loan was lower than my first and second one which made no sense to me at all. If anything it should have been higher than my second one. I have never had a problem paying back my loan at all in fact I've always paid it back early. I really think PayPal should look more at the loans being paid on time and early than anything else. But that's just my personal opinion.

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PayPal working Capital Code DLGJ0656

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