I got my Working Capital Loan!

[xwindowuser]

I paid off my loan and waited 5 days. On day 6 it finally said it was paid off.

I applied again and got my loan instantly. A bit less than my last one but the thing I DID NOT DO was connect my ebay store which was the first thing it asked me if I wanted to do.

If you apply for the loan DO NOT connect your ebay store. Because you will be automatically defaulting. as the loan is set to take money from ebay. If it can't you are in default.

I also talked to a person with working capital last week, and she said the majority of people who aren't getting it or declined is their erratic/inconsistent payments, due to the start of managed payments with ebay. Some people waiting 6 months to make payments etc...whereas you are supposed to be making a certain amount of payments toward the loan every 90 days.

So yeah. Got my loan and no problems at all!

I also sell on etsy and paypal is able to get money through etsy now as they have a bank account set up for the etsy payments to go through. They should do that with ebay as well.

I also have websites that collect my money and send it to paypal.

All my eggs are not with ebay.

[notsocirca]

Do you know if there is a way to see if your ebay store is linked or not already? I took my last loan out last summer and am about to pay it off this month. Just wondering if I can try to avoid any thing that will flag their system and put out a no. 🙈

[xwindowuser]

Mine was because it was pulling money form my ebay sales until managed payments kicked in. Then they would send me emails saying I was in Default because they weren't getting money form ebay, but they were being paid by my other sales avenues.

But when I applied last night it wasked if I wanted to link to ebay and I said no.