Forum

anyone see the changes to policies?
 

I read through the pages of stuff about to be changed in paypal's policies and one of the interesting sections is credit reports. It reads something to the effect of You agree that we can obtain and check your credit report at anytime we want for any or no reason without notice.

June should be interesting.

I thought their privacy policy already said they can check your credit at any time they wish.

They listed it as a new change.

Nope, it's been there.

Quoted from the Paypal user agreement.

"2.4 Credit Report Authorization for Premier and Business Accounts. If you open a Premier or Business Account, you are providing PayPal with your written instructions to obtain your personal and/or business credit report from a credit bureau. PayPal may obtain your credit report: (a) when you open (or upgrade to) a Premier or Business Account, or (b) any time thereafter if PayPal reasonably believes there may be an increased level of risk associated with your Account."