£1995 Can Paypal affect my credit rating

paddyrg

takman wrote: »

PayPal also offer two factor authentication so that is something that everyone should have enabled!.

PayPal's 2FA is a joke, for 3+ years hasn't worked on mobile (actually tells you to use a desktop), and now the desktop version is watered down to 'something you know, and something else you know'.

It's SERIOUSLY poor.

soolin

Thrugelmir wrote: »

That's a different scenario to Paypal allowing an account holder to make a payment without access to cleared funds. Either through a credit card or transferring money across. Via a bank card it takes 5-7 days. Never use this method anymore.

Just transferred a £1 and this is the message.



So no change.

There were cleared funds to allow the withdrawl.

I was responding to a specific question about other scenarios where paypal allow a negative balance, but I agree that both my response and the question I was responding to were off topic.

BrassicWoman

what are you doing about tackling the person you think stole you money?

takman

paddyrg wrote: »

PayPal's 2FA is a joke, for 3+ years hasn't worked on mobile (actually tells you to use a desktop), and now the desktop version is watered down to 'something you know, and something else you know'.

It's SERIOUSLY poor.

It works on both desktop and mobile for me and I have to enter a code in a text message that they send me if I log in from somewhere new. So it don't seem to bad but I haven't tried to bypass it by saying I can't access me phone, so I don't know how secure that is.

RFW

National_Debtline wrote: »

Hi Eddard


I am not aware of any terms in Paypal's user agreements allowing them to report account data to the credit reference agencies. Any DCA involved would be no more entitled to report such data than Paypal themselves. The "debt" might be getting chased by a different name, but its fundamental nature would not change, and as Fermi said further above it would have to become the subject of a county court judgment in order to adversely affect your credit file.


Dennis
@natdebtline

I agree with this, you don't have a credit agreement with Paypal so they can't report you negatively to credit ref agencies.

Paypal, or anyone, can take you to court, as Soolin says I've never heard it happen but it is always possible. You have every right to defend the case and, in my opinion, you would probably win a defence, based on the information you've given here.

You do need to keep all the information you have here.

At this stage I would call Paypal. In such cases I'd usually suggest getting everything in writing but Paypal are, in my experience, best over the phone. When calling ask to speak to a supervisor/manager. Have a sheet of the bullet points you need to tell them and take it from there.

You also need to contact the police, you aren't currently out of pocket but you have been the victim of a crime. Someone has stolen your password, logged into Paypal and could possibly doing other things in your name.

I would also check your Paypal account for any recurring payments set up to the same company and any other recurring payments that may have been set up. Although Paypal won't take more money now, it may be that of you resolve this another payment will crop up.

RFW

EddardStark wrote: »

I think it was somebody I know who guessed my password but I cannot prove it.

You can tell the police your suspicions.
Make sure you change your passwords, on everything you have a password for.

GemmaH88

I’m just received red letter from the debt collection agency. I’ve chrvked and yep turns out a family member had been using my PayPal account. I owe 1800 but have never seen a penny of it as my bank account wasn’t linked to my PayPal account, they’d linked their own account!! Grrr. Just wondering how you got on and if I have a chance if not paying this?

Many thanks

[Deleted User]

I think you may be a couple of years too late to catch the OP on this one.

natbal

I, along with several others were victims of a paypal/ facebook scam. We were contacted by a friend on Facebook asking us if she could use our paypal account to receive some money and then pay it over to her account.  She sent us account details.  We did this, along with many other friends. 
Within about half an hour, we got a message from our friend to say her Facebook had been hacked. It was just after 8pm, so paypal was closed, but we contacted our bank and were told they would try and get the money back from the receiving bank. The next morning we contacted paypal. During the next 24 hours, the paypal account that was used to send the money to us reported that the transaction was unauthorised. After PayPal investigated, it upheld the unauthorised transaction claim and took the money back from our paypal account leaving us with a negative account. The bank meanwhile had been unable to retrieve the money as the receiving account had been emptied. It was obviously not our friends account. Paypal have now passed our details onto a collection agency to collect the balance owing to clear the negative amount.  Despite us telling them that there were several other victims, they refused to give any details of what investigating they had done, and also refused to accept that if the sending transaction was unauthorised, then that paypal account had been hacked. So, can paypal/ the collection agency legally pursue me for this?  Because I haven’t as yet physically lost any money ( at this moment only paypal have) the bank can’t do anything either.