Does Paypal debit acct remain 'safe' when Synchrony is burned?

[twono]

I've had a PP acct for a long time..  Just wondering if Synchrony does any cross-collateral like the CU's do, since SYNCHRONY owns PP Mastercard and they are in the process of being burned by me.

I'm looking at selling a few things and didn't want funds that are in my PP debit acct seized by Synchrony.

[FireMedic1]

I wouldn't think so. Two separate companies. Sync just handles the credit side. I would research about selling stuff before BK filing. There's some do's and dont's before filing. Good Luck!

[twono]

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@FireMedic1 wrote:

I wouldn't think so. Two separate companies. Sync just handles the credit side. I would research about selling stuff before BK filing. There's some do's and dont's before filing. Good Luck!

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I"m 3 wks out from DC...was concerned with using my PP debit acct after the DC.

I know it is advised to open new checking accts when you have both a checking acct and credit products with a bank.  So since PP debit is basically a checking acct, i didn't know if the same advice would apply.

[texasguppie]

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@twono wrote:

I've had a PP acct for a long time..  Just wondering if Synchrony does any cross-collateral like the CU's do, since SYNCHRONY owns PP Mastercard and they are in the process of being burned by me.

I'm looking at selling a few things and didn't want funds that are in my PP debit acct seized by Synchrony.

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Mine did.

[FireMedic1]

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@texasguppie wrote:

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@twono wrote:

I've had a PP acct for a long time..  Just wondering if Synchrony does any cross-collateral like the CU's do, since SYNCHRONY owns PP Mastercard and they are in the process of being burned by me.

I'm looking at selling a few things and didn't want funds that are in my PP debit acct seized by Synchrony.

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@texasguppie wrote:

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@twono wrote:

I've had a PP acct for a long time..  Just wondering if Synchrony does any cross-collateral like the CU's do, since SYNCHRONY owns PP Mastercard and they are in the process of being burned by me.

I'm looking at selling a few things and didn't want funds that are in my PP debit acct seized by Synchrony.

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Mine did.

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@texasguppie  What did they do?

[twono]

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@texasguppie wrote:

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@twono wrote:

I've had a PP acct for a long time..  Just wondering if Synchrony does any cross-collateral like the CU's do, since SYNCHRONY owns PP Mastercard and they are in the process of being burned by me.

I'm looking at selling a few things and didn't want funds that are in my PP debit acct seized by Synchrony.

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Mine did.

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Thanks for the reply, but couuld you elaborate?  Are you saying that SYNCHRONY seized funds from your Paypal Debit acct when you filed BK?  If so, before or after discharge?

[texasguppie]

Nothing.
My money remained in my account.