Hi - New User with a problem - Loan to friend via paypal/CC

John1993_2

Coder wrote: »

So far we've established that, as usual PayPal are worthless and their 45day rule is a loophole that will allow people to be ripped off.

Thiis isn't really the case. You've used them for a service that they don't intend to offer and so of course they aren't going to act as guarantor for this loan.

I can't understand why you'd want to blame them at all, here, as they've done nothing wrong.

Your "friend" blocking you from contactiing them unfortunately speaks volumes, so, in line with others' advice, I;d suggest that you collate all documentation (texts, screenshots, statements etc.) and start down the legal route.

Brock_and_Roll

Them Small Claims Court Option (now called MoneyClaimOnline) is actually pretty easy to use. The whole process from making a claim, through to judgement then enforcement is a bit on the slow side but it is strangely satisfying even if it is ends up costing you a few quid and a bit of time.

Matt123

I can't believe you are angry at PayPal / CC Company because they won't let you defraud them...

SnooksNJ

"I offered the loan and she agreed to take it, sent me a money request from her "business" paypal account as a payment for goods/services and I paid from my paypal - which took the money from my credit card (new paypal account as I wanted to keep this seperate from my normal stuff). "

I can't imagine authorizing payment for goods and services knowing full well it's a personal loan is exactly legal so I would proceed with caution.

KennethC

It looks as if the small claims court could be your only hope, but I would not think your chances are particularly good. To suggest that Pay Pal is a con is simply nonsense, why should they pick up the mess that you have made? Write it off my friend and put it down to experience, I'll bet you do not lend money so easily again, particularly without any collateral or legal agreement.

cookyy2k

If paypal offered people a refund because a mate didn't pay up their loan it would basically be a license to print money for all the unscrupulous people out there. "lend" your entire credit card limit to someone, claim they didn't pay it back then paypal clears your credit card balance and you and the other person split the proceeds 50/50 at paypal's expense. How long til paypal goes bust if they offered that service?

45 day limit or not I'm sure they would have told you to go forth if you tried claiming and they knew what it was for.

MuffinTops

If the Paypal rule still applies a colleague of mine bought an item which was paid for through Paypal. The item didn't appear and no emails were answered so he put in a dispute with Paypal. He didn't get a refund as the "seller" had withdrawn the money and had a blank balance. So, unless the rules have changed, Paypal will only have refunded the money if the account you paid into was in credit by at least the amount you're claiming back.

If this is still the case then I don't think missing the 45 day deadline has made much difference to your outcome as that money wouldn't have been sitting there anyway. A quick search online states that Paypal would just freeze their Paypal account until the dispute is resolved, but I expect your friend would find it easy to get around that.

I agree with the small claims court and pursuing a CCJ and hopefully she'll realise the long term issue on her credit and will pay up. There's some interesting stuff about this on the Citizens Advice website which may help you enforce a CCJ while being paid minimum (which isn't the terms you agreed so she's defaulted on those?) which is the first process in taking someone to court.

Anyway, I really hope you get a satisfactory conclusion to this.