lespaulultra3
All Star
I owe PayPal almost 30k so my credit will soon be fukked.
The credit Repair Thread
- Thread starter LeVraiPapi
- Start date
SwagmundFreud
Superstar
Nah I only have one tho when I financed this iPhone
ok then it's b/c the average age of your accounts went down. the avg age of your credit history accounts for 15% of your fico score. the older your credit the better. so when you open a new card it lowers the overall age of your credit accounts and negatively affects your score for the short term. ex: if you have a credit card that's 8 years old and you open a new card today, then your AAoA (Average Age of Accounts) = 4 years. (8 divided by 2)
pm me. in texas we have some unique tools to help us clear up stuff.
AyBrehHam Linkin
First Black Brehsident
lespaulultra3
All Star
How does this happen?
I'll try to keep it simple. I've been on paypal/ebay for over 8 years. Monthly revenue was roughly $15,000. I recently came into a new opportunity that saw my monthly sales jump to 70k in less than a month. That raised a red flag at paypal and they locked my account. The told me to send in invoices which I did. After 2 days, they decided to lock my account permanently. Keep in mind that I had over 10,000 feedback on eBay with not one negative mark.They said my business was unsustainable and they wanted to part ways. Fair enough. The problem was that I still had over 60 orders to fulfill on eBay and most of the money received had already been invested back in the business since I didn't think paypal would lock it forever based on my perfect account history. I only had enough cash/merchandise on hand to fulfill around 5k of the orders so I just decided to refund everyone's order and let paypal take the hit. Between my paypal loan and all the refunds, my paypal account is negative 31k
I'm not paying it since my credit was already in the shytter after my divorce and if it goes to court, I'll file chapter 7. The shyt really sucks because I was not doing anything illegal and even all my customers were happy. They just felt the business was unsustainable due to the volume and closed it without asking me for any other info.
I'll try to keep it simple. I've been on paypal/ebay for over 8 years. Monthly revenue was roughly $15,000. I recently came into a new opportunity that saw my monthly sales jump to 70k in less than a month. That raised a red flag at paypal and they locked my account. The told me to send in invoices which I did. After 2 days, they decided to lock my account permanently. Keep in mind that I had over 10,000 feedback on eBay with not one negative mark.They said my business was unsustainable and they wanted to part ways. Fair enough. The problem was that I still had over 60 orders to fulfill on eBay and most of the money received had already been invested back in the business since I didn't think paypal would lock it forever based on my perfect account history. I only had enough cash/merchandise on hand to fulfill around 5k of the orders so I just decided to refund everyone's order and let paypal take the hit. Between my paypal loan and all the refunds, my paypal account is negative 31k
damn
I'll try to keep it simple. I've been on paypal/ebay for over 8 years. Monthly revenue was roughly $15,000. I recently came into a new opportunity that saw my monthly sales jump to 70k in less than a month. That raised a red flag at paypal and they locked my account. The told me to send in invoices which I did. After 2 days, they decided to lock my account permanently. Keep in mind that I had over 10,000 feedback on eBay with not one negative mark.They said my business was unsustainable and they wanted to part ways. Fair enough. The problem was that I still had over 60 orders to fulfill on eBay and most of the money received had already been invested back in the business since I didn't think paypal would lock it forever based on my perfect account history. I only had enough cash/merchandise on hand to fulfill around 5k of the orders so I just decided to refund everyone's order and let paypal take the hit. Between my paypal loan and all the refunds, my paypal account is negative 31k
paypal is the WOAT when it comes to shyt like that.
Hell, I remember one time I had a transfer of something like 3k from the UK, they held it for a week and called me 4 times to verify I wasn't "using it for terrorism".
They really either hold it to collect interest on it or simply freeze your account and steal it.
My credit is on the come up...... 
But my credit card is at $8000
Going knock that down before the end of the year....
But my credit card is at $8000
Going knock that down before the end of the year....
GreenGrass
All Star
that is fukked up. have you thought about using Bitcoin or other crypto currency?
GoGetMyDamnBelt_
All Star
I actually put my little brother (18) and little sister (15) as authorized users on my Discover card. Only traffic on that card is Netflix and Hulu. They'll thank me later
Any of you guys have a credit card with rewards for travel, preferably the bank of America one?
Can y'all recommend a credit card for folks who are trying to rebuild their credit?