Complaint / Review
PayPal
Paypal illegally running credit checks

Paypal is illegally running credit report checks. Our client signed up for a merchant account and agreed to a credit check. However our client is a customer of LifeLock. LifeLock requires anyone requesting your credit report to have verbal telephone communication with the telephone numbers listed on the credit report. This makes sure other people don't gain access to things such as a Paypal account and apply for things.

Paypal attempted to contact our client, was unable to reach him (he seen it on his caller id) then ran the credit check anyhow.

Paypal then decided our client didn't meet their credit criteria and denied him the merchant account. After denying him the merchant account, Paypal then demanded more information about our client stating potential fraud since they seen the fraud alert on the credit report.

Of course they seen the fraud alert, it tells them that our client cares about his credit and/or was a victim of identity theft. It tells them not to run a credit check without first having verbal confirmation with our client via the telephone numbers listed on his credit report. PayPal never did talk with our client to access his credit report, they accessed it in violatin of all three of the major credit burues. Illegally.

What this means to you is, if a theif gets ahold of your personal information, opens up a paypal account, has your social security number, Paypal will allow that person to open up credit and merchant accounts as long as your credit is good. They will also ignore any fraud alerts or locks on your credit reports. They don't care about privacy or the law.

They told our client he requested the service so he agreed to the credit check. This is true, but Paypal never sees any of it's clients face to face. How did thye know it was actually my client applying for the account? They didn't, and that's why my client has lifelock, to prevent things like this from happening.

BEWARE PAYPAL DOES NOT HONOR LIFELOCK or other identity protection programs, YOUR PERSONAL INFORMATION IS AT RISK WITH PAYPAL.