Paypal lied to me about my credit score to hold a reserve
I applied for a paypal pro account. They approved it but told me I had to keep some reserves in because of my credit score. They then gave me some fair credit disclosure saying that they had to tell me my credit score and that I could call Equifax and get a free credit report. Anyway emailed me my score was 522. I called Equifax and they told me that wasn’t true and they sent me my report of 770.
In between me receiving paypals score and me validating it I was also applying for another business tool that required credit. I told them my score was 522 and I was turned down and embarrassed. Then when I emailed them the right score it made me look fishy even though it was better.
I’m beginning to think that Paypal lied to me with a wrong credit score just so I am held hostage into their reserve fund demands.
Do you know of any official authority I can call to crack down on this shady practice?
Posted: November 28, 2012 at 4:15 pm