Has Anyone Else Ever Been Declined For PayPal Pay Monthly Option on Ebay
I recently tried using the PayPal Pay Monthly option when purchasing an item on ebay. However, my pay monthly request was declined for the following reason: "Total number of recently approved PayPal Pay Monthly loans ". Does anyone here have any idea what this might mean? Has anyone else here encountered this issue before, and if so, how did they resolve it?
7 comments
kalyoth
·1 year agoIt was clear in the statement: "Total number of recently approved PayPal Pay Monthly loans ". The key word is Loans. There is a limit on how much borrowing risk any loan agent will authorize. Until you pay off other pre-existing debts do not expect any more & also expect ur credit rating to be at risk should you skip a payment.
kingjoffreyii
OP1 year agoWhat if i pay my loans off early?
kalyoth
·1 year agoThat it in the hands of the Loan Provider. They will maintain their own rules, regulations & risk assessment.
kensgiftshop
·1 year agoI've never used it.
Have you paid off all the other loans?
kingjoffreyii
OP1 year agoI still have some open loans but I haven't missed any payments. I've made sure to always make sure my payments for PayPal Pay Later on time or early.
mkaczorsee
·1 year agoNever used this option.
Sounds like there is a maximum number of transactions that you can have.
kingjoffreyii
OP1 year agoHopefully the number gets reset once I've paid off all of the loans I've currently got.