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Having a Paypal account will destroy your credit and business
Many people have paypal, but they don't know some important things about your credit.
When you signup with a Paypal account, you should of read their terms, which discusses some things but many things are not disclosed.
A Credit Check?The first is through credit report inquiries. According to the PayPal terms of service, your credit report may be reviewed in the following situations:
Credit Report Authorization. If you open a Premier or Business Account, you are providing PayPal with written instructions and authorization in accordance with the Fair Credit Reporting Act to obtain your personal and/or business credit report from a credit bureau. You are also authorizing PayPal to obtain your personal and/or business credit report: (a) when you upgrade your Personal Account to a Premier or Business Account, (b) when you request certain new products, such as the PayPal Debit Card, or (c) at any time PayPal reasonably believes there may be an increased level of risk associated with your Premier or Business Account.
When a company checks your credit reports, it creates an “inquiry” on the credit report that was used for the review. This inquiry can lower your credit scores, and result in a loss of several points.
However they check at random, any time ... more
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