@santanderbankgb Paypal killed my credit

[xexxa]

Hi, back in Janurary I opened a paypal account. I noticed for some reason that very small amounts appeared to go through when I didnt have any money in the account. I did some test auctions and bidded on stuff that was about £6000 to see if that went through, then I cancelled the transaction. What I didn't know was that the reason the payments were going through is becuase paypal was placing them as direct debits on my account (something they said they never do), so when they tried to clear, I got stung. £400 in charges and 6months of ignoring default notices later, I find that it has gone on my credit rating ( I negotiated to pay £200 back to Santander, I said their fraud dept. should have called me to ask why a brand new account had over £6k of DD's earmarked. They agreed and we settled on paying back half, seeing as no one lost any money) anyway, I phoned paypal and they said because I used a fake name on the paypal account, they wont speak to me under the data protection act (so nice of them to protect the data of the ficticious(!)) I used my real address and card info, but just a different name on the account. Now they don't want to know. What do I do now? I rang santa back up, but the lady transferred my call to an office that was closed. I want to know how to get this taken off my credit file. I want a new car! For gods sake I am 19 years old. I get screwed over by 2 jerk companies and now I can't borrow anything!:mad2::mad2:

[andydd]

Double Post Deleted.

[andydd]

Paypal doesnt pay by Direct Debit BUT it there isnt enough money in your Paypal account then it will either take money from your bank account that you linked to your PP account (which you clearly did) OR will take money from a debit card linked to your account (and in turn that card will be linked to a bank account), either way the money will be taken from your account (or they will attempt to), if there isnt enough money in your bank then you will be charged a fee. This info is displayed quite clearly when you purchase something, if you wish to change anything, for example to use card instead of bank account you have the option to click change and you can then do it.

 

It doesnt sound as if Paypal or your bank did anything wrong, in fact, you have admitted to using a fake name, which may well be classed as fraud.

 

The paypal T & C's (you did read them, right ?), do say that they will place info. on your credit report. as will the bank T & C's. Who has placed the info. on your credit report ?

 

Andy

[xexxa]

I was only using a fake name as the name on the account, it wasn't fraud. All the other details were correct, I just didnt want people finding my name out through paypal. Paypal did place it as a direct debit. Thats why I got chargebacks, I have no idea why it went as a dd, as I have used paypal for years, and if I didn't have the moeny for something, it wouldn't go through. But this time it tried to go through, I cancelled them (obviously) but it still sat on my bank account as direct debits.

[andydd]

Sounds like fraud to me. Im sure the T&C's require you to use your real name. Direct Debits are something you set up to pay somone on regular intervals, are you sure it wasnt a direct bank transfer or debit card transaction (these are different from direct debit but still allow the money to be taken directly ferom your account and if not enough in there you will be charged a fee (not a chargeback, thats something different).)

 

This post explains it http://uk.answers.yahoo.com/question/index?qid=20090319125120AAIAJlw

 

Andy

[xexxa]

Maybe the T&C's do require it, but when does anybody read 62 pages of legal jargon? I never actually paid for anything or recieved anything through that account anyway. I doubt paypal would care, they have about as much legal power as my non existant dog. But it definately went through as direct debits. I have no idea why, but it did.

[Airwolf]

Maybe the T&C's do require it, but when does anybody read 62 pages of legal jargon? I never actually paid for anything or recieved anything through that account anyway. I doubt paypal would care, they have about as much legal power as my non existant dog. But it definately went through as direct debits. I have no idea why, but it did.

 

Might be an idea, whilst a little late to now read the t&C's

 

 

 

Funding Sources If you do not have a Balance, or your Balance is not sufficient to fund your entire transaction, PayPal will fund your transaction, or the remainder of your transaction, in the following order (to the extent that such Funding Sources are available for use with your Account):

• Balance (if any)
  
• Instant Transfer from your bank account
  
• PayPal Credit
  
• Debit card / credit card
  
• eCheque
  

9. Restricted Activities

 

9.1 Restricted Activities. In connection with your use of our website, your Account, or the Services, or in the course of your interactions with PayPal, a User or a third party, you will not:

 

1. Breach this Agreement (including, without limitation, opening multiple PayPal accounts or breaching the Card Processing Agreement, the Acceptable Use Policy or any other agreement that you have entered into with PayPal (including a Policy));
   
2. Breach any law, statute, contract, or regulation (for example, those governing financial services including anti-money laundering, consumer protections, unfair competition, anti-discrimination or false advertising);
   
3. Infringe PayPal’s or any third party's copyright, patent, trademark, trade secret or other intellectual property rights, or rights of publicity or privacy;
   
4. Act in a manner that is obscene, defamatory, libellous, unlawfully threatening or unlawfully harassing;
   
5. Provide false, inaccurate or misleading Information;
   

[Airwolf]

Reading your inital post again..

 

Is it right to say you agreed to purchase a number of items via eBay with a value totalling £6,000 to test your account (an account opened in a fake name) and that you never had any intention whatsoever to pay for those items ?

 

If you wanted to "test" your account, why not purchase one or two items for 99p.

 

As you used a fake name, how is Paypal supposed to identify you as the person that opened the account, as you would not be able to provide any identification in the fake name.

 

What about the people that you agreed to purchase £6,000 worth of goods from....

Edited November 27, 2011 by Airwolf

[LJB]

Hi, back in Janurary I opened a paypal account. I noticed for some reason that very small amounts appeared to go through when I didnt have any money in the account. I did some test auctions and bidded on stuff that was about £6000 to see if that went through, then I cancelled the transaction. What I didn't know was that the reason the payments were going through is becuase paypal was placing them as direct debits on my account (something they said they never do), so when they tried to clear, I got stung. £400 in charges and 6months of ignoring default notices later, I find that it has gone on my credit rating ( I negotiated to pay £200 back to Santander, I said their fraud dept. should have called me to ask why a brand new account had over £6k of DD's earmarked. They agreed and we settled on paying back half, seeing as no one lost any money) anyway, I phoned paypal and they said because I used a fake name on the paypal account, they wont speak to me under the data protection act (so nice of them to protect the data of the ficticious(!)) I used my real address and card info, but just a different name on the account. Now they don't want to know. What do I do now? I rang santa back up, but the lady transferred my call to an office that was closed. I want to know how to get this taken off my credit file. I want a new car! For gods sake I am 19 years old. I get screwed over by 2 jerk companies and now I can't borrow anything!:mad2::mad2:

 

You committed fraud by using a fake name now grow up!