I can't figure out how they thought a $2,500 fine is okay? I never kept anywhere near that much in my account and I doubt the average person did either...were they going to hold the account hostage until you paid up, close it outright, take you to court or what? Did they think people were going to pay it if that money just wasn't there for them to take? So many questions, it's insanity they thought this would just go over with people. That really tells me how out of touch they are.
Perhaps it didn't matter. I mean they are connected to your bank avvount, credit cards, and PayPal Credit... wow. Maybe I should shut it down with them.
@805orbust wrote:Perhaps it didn't matter. I mean they are connected to your bank avvount, credit cards, and PayPal Credit... wow. Maybe I should shut it down with them.
I shut mine down. They aren't a bank and don't have to follow banking rules which means your money is always at the risk of their whims. I knew from an incident years ago never to keep more than a few dollars in that account but like you say, it's connected to everything else...that's a lot of liability if they decide one day they don't like you.
@Lou-natic Dude tell me about it. The whole concept is ridiculous. Unsurprising because... 2022 but ridiculous nonetheless
Oh, @805orbust thats pretty crazy stuff. But I just have to stay focused and appreciate the post people add here. But I agree we have to be careful because it's on the internet.
Yep, gotta stay focused and keep the noise out. Totally agree @720orBust
I have closed my Paypal account and Paypal Mastercard account.
@Anonymalous wrote:This reminds me a bit of the history of the credit bureaus. Specifically, things like how Equifax credit reports used to include feedback from the Welcome Wagon hostesses who greeted new residents with a basket of fruit, as an excuse for judging them based on their furniture and clothing.
You are showing age?
Do remember what you posted!
@Anonymous wrote:
@Anonymalous wrote:This reminds me a bit of the history of the credit bureaus. Specifically, things like how Equifax credit reports used to include feedback from the Welcome Wagon hostesses who greeted new residents with a basket of fruit, as an excuse for judging them based on their furniture and clothing.
You are showing age?
Do remember what you posted!
Yes, it's true. I was a Welcome Wagon hostess/credit spy in the 1930s! I specialized in deducing mortage delinquency rates based on the upholestry of ottomans!
@Anonymalous HILARIOUS!!! Although it seems that the algorithm is the new Welcome Wagon hostess. 😉