I became The little guy also gets screwed. PayPal squashed my high credit score when I tried to take advantage of a special offer from a retailer when making a large purchase. 0% interest for 24 months. Why not? Pay almost nothing and invest the money in a savings account at 3-4% interest.
I became The little guy also gets screwed. PayPal squashed my high credit score when I tried to take advantage of a special offer from a retailer when making a large purchase. 0% interest for 24 months. Why not? Pay almost nothing and invest the money in a savings account at 3-4% interest.
After getting rejected after a couple of attempts to pay through the retailer’s website (not knowing why). I jumped though hoops till I reached someone at an offshore call center run by Synchronicity Bank, the entity that runs PayPal’s consumer credit. They said that my credit line with PayPal was too low to cover the purchase
After speaking with someone else I was approved for a higher line. Turns out it wasn’t high enough to cover the purchase. And because they made a couple of credit inquiries (one for each time I attempted to make the purchase), plus I now had a new balance, my score dipped significantly. The woman at TransUnion told me that this often happens with PayPal. I paid off my balance immediately but now have to wait a year for my score to go back up.
I called the retailer to let them know and they responded that this is only an issue with PayPal and took no responsibility.
I became The little guy also gets screwed. PayPal squashed my high credit score when I tried to take advantage of a special offer from a retailer when making a large purchase. 0% interest for 24 months. Why not? Pay almost nothing and invest the money in a savings account at 3-4% interest.
After getting rejected after a couple of attempts to pay through the retailer’s website (not knowing why). I jumped though hoops till I reached someone at an offshore call center run by Synchronicity Bank, the entity that runs PayPal’s consumer credit. They said that my credit line with PayPal was too low to cover the purchase
After speaking with someone else I was approved for a higher line. Turns out it wasn’t high enough to cover the purchase. And because they made a couple of credit inquiries (one for each time I attempted to make the purchase), plus I now had a new balance, my score dipped significantly. The woman at TransUnion told me that this often happens with PayPal. I paid off my balance immediately but now have to wait a year for my score to go back up.
I called the retailer to let them know and they responded that this is only an issue with PayPal and took no responsibility.