Account active Learn more in Community Events. I know about the buy over limit trick but im not a huge fan of it.

I recently applied for the PayPal Cash Back card with a 801 credit score and 2 inquiries that were over 1 year(might as well not exist). Gardening: 3 months, 19 days as of 1/31/19. ©1999-2020 PayPal, Inc. All rights reserved. Similar issue here - the reason is that I included a Bill Me Later account (Bill Me Later, of course, is the old name for PayPal Credit) in BK in 2014.

In this case, it's a fee, plus a relatively high 19.99% APR. Subscriber Just put in the yearly income and see if it'll take. The reason for denial, as copied from the message, was "Federal law and regulations require us to collect additional information to complete the application process. All rights reserved.

So I called PayPal Credit to see if I could get my account reinstated. All rights reserved. More details on software and accessibility are available at WebAIM.org. I also see it as an option on eBay everytime I buy there. Happens to me too, no biggie, dont need the card so I gave up. I'm just puzzled. OP already said they had a PP account, so I am guessing they tried to open up a PP Credit line by checking out using PP in order to buy something that cost $3K and was rejected. Leave the Archive, Chat with our moderator team every Wednesday between 1-2pm PT (4-5pm ET).

It may be best to phone PayPal customer service if you don't understand the meaning of the denial email. You are viewing the PayPal Community Archives. Even if you decide you really need to buy said product right now (or you've calculated it out and decided that the money you aren't using to pay this individual bill will get greater returns if it's invested over the relatively short span of six months), the only reason you'd do it with a credit line that doesn't affect your credit score is if you're trying to disguise bad credit behavior, i.e. What SSN is linked to your PayPal account?

PayPal Credit is an unsecured line of credit that you apply for and can use online anywhere PayPal is accepted. By browsing this website, you consent to the use of cookies. Well I feel pretty bad that PayPal Credit doesn't think I qualify to use it. Applying For PayPal Credit.

By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider It seems like you have a lot of issues to resolve. The best thing you get out of the line of credit is increased time to pay for larger purchases, but if you can't pay for discretionary items in cash today, you probably shouldn't be buying them.

Someone with $20k income and a 780 score may be approved for the same product that someone with $60k income and a 780 score was denied for. Delinquencies don't damage it, but good behavior doesn't improve it. It also had boxes for billing, birthday, and SSN, but I couldn't modify any of these boxes. ©1999-2020 PayPal, Inc. All rights reserved. FTC's website on credit. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. don't close old account it affect your credit score and age. This content may be old or outdated.

Signing up also may lead consumers to buy more: TechCrunch reported that PayPal users spend 30% more after signing up for credit.

I was denied the first time I applied, but I just kept working my business, little by little.

PayPal Credit is a line of credit that can be used as a form of payment anywhere PayPal is accepted. You can set it as your default payment method, just like you would a debit or credit … I am 51 years old with an excellent credit history, and I've been trying to apply for the PP credit in response to the emails which I have received. FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. People can have an 800+ credit score and on paper look great to be approved for just about anything, but without sufficient income [relative to your limits] denials can happen. Not able to even apply for a PayPal Debit Card -- WHY?! For visitors with visual disabilities, access to this website, including our FICO Data Privacy Policy, is available through assistive technologies, such as BrowseAloud, JAWS, VoiceOver, Narrator, ChromeVox, and Window-Eyes. We’ll generally email you with more information about why your application for PayPal Credit was unsuccessful. ... * Link a credit … Ch 7 BK discharged 11/28/14, credit rebuild well advanced. The representative was baffled. You are viewing the PayPal Community Archives. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.

Leave the Archive, Chat with our moderator team every Wednesday between 1-2pm PT (4-5pm ET). When you register for our products and services, we also collect certain personal information from you for identification purposes, such as your name, address, email address, telephone number, social security number, IP address, and date of birth. I went through the same thing, and then once I actually got a purchase to go through paypal flagged my purchase and deducted the purchase from both my paypal credit line AND my normal paypal balance. When you register for our products and services, we also collect certain personal information from you for identification purposes, such as your name, address, email address, telephone number, social security number, IP address, and date of birth. In short, PayPal Credit is fairly innocuous, but also pretty unnecessary. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Copyright ©2001-document.write(new Date().getFullYear()) Fair Isaac Corporation. I didn't know that about opening a new PayPal account with a different email than the one I generally use (might have better results when applying for PayPal Credit). You said you already filled out the application. I used to work for a bank, and the whole method behind paypal credit is so bizarre. No doubt, this will interest some people, but there are a few reasons why you should hesitate to sign up. In addition, you can … Any PayPal user can apply for PayPal Credit. Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. I told them I didn't mind being declined for a legitimate credit related reason but the blanket you can't apply didn't work for me. M. My SSN box was empty and I can't edit it on the paypal application (I've tried across multiple browsers) and no matter how many times I update my paypal account, the SSN won't show up. How can I circumvent this issue? Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. This content may be old or outdated. The CSR offered to put in the request for me though she didn't sound optimistic about my chances, and said I should hear by today.

You are viewing the PayPal Community Archives. Why would I be denied? The application … Re: Cannot sign up for Paypal credit. Same results.

If you apply during check out and get declined for PayPal Credit, you can still use PayPal to check out securely with your debit or credit card. I also have plenty of credit lines, and there isn't anything quite like this lil circus paypal is running. What were the specific stated reasons for denial? My paypal account itself has the correct billing, address, birthday, and SSN info already logged in. However, oddly, last Thursday when I was on the PayPal site taking care of another issue, I tried the "get more time to pay" button and was taken to the page to complete entering/updating my information. Similar issue here - the reason is that I included a Bill Me Later account (Bill Me Later, of course, is the old name for PayPal Credit) in BK in 2014. I was denied as well, my income is pretty up there, but since i'm only 1 1/2 years since my BK7 I think that's why they denied me. I asked her about opening a new account and she said she didn't think that was possible with my current information, which sounded odd to me because I've read here of several instances of people being approved for PayPal Credit post-BK even if they burned BML/PayPal in an old BK. In this case, it's a fee, plus a relatively high 19.99% APR. OP: if you ever had a bankruptcy, did you include PayPal Credit/Bill Me Later or another Comenity card/account in it? I'm giving them until next Friday, and if I can't get a card by then I'm filing a complaint with the FTC. When I hit cancel on the application page, it doesn't resend a new email as it did the first time, it says that my first application was already received so I'm stuck in a loop. The $60k person may be denied due to insufficient income, but the $20k income person wasn't. Learn more. I have a $10,000 credit limit between two different Synchrony cards, and another $2000 with Chase with a combined total $1700 in utilization balances.