C&P - this is NOT -- NOT -- personal - GENERAL INFORMATION. FYI...
QUESTION (what if )
PayPal allowed a scam chargeback - no way to appeal it.
PayPal Canada Debt- Will It Appear On My Canadian Credit Record?
Does eBay share information with PayPal? Will they close my eBay account too?
Can they report me to Equifax? Is this possible in Canada?
ANSWER;
NCO is the sole collection agent for PayPal in Canada. Anything bad you've heard about PayPal, NCO is 5 times worse- they obviously know what kind of client they have, yet go full-out to try and collect on dubious debts. Of course, I find most collection agents to be very generous with their interpretation of laws and the techniques they use to be somewhat less than admirable and above-board.
Will they report negatively on your credit rating? Absolutely. It costs them virtually nothing to do this as they will likely have a contract with the 'rating' companies (TransCanada and Equifax- who are both collection agents as well), and for many people this is a real "motivator" to clear up a debt- it's just another collection technique to them. Find a way of living with a bad remark. Debt is relative- if you have a non-payed $8k "debt" and a million dollars in up-to-date loans- no one in their right mind is going to have an issue with the $8k.
How can you "fight" an item put on your credit report by a collection agent like NCO? Take them and their client to court if they have not been able to prove the debt is valid or there has been some sort of dubious or otherwise inappropriate activity or lack thereof on their client's (PayPal's) part. Part of the problem here is that PayPal and their collector, NCO refuse to give out a Canadian business address for PayPal (there may not be one, NCO claims it's "irrelevant as there is a valid contract"- which of course may be BS- but again it is a circular argument designed to limit people's ability to fight back on valid issues). Beyond that, you're basically screwed and they know it- the "credit rating" system in Canada is poorly managed (intentionally, in my opinion) and does not reflect reality as most reports to it are becoming increasingly negative reports, not positive- i.e. little of any significance is listed on these "reports" if your credit is good, much more is listed if you have an issue. You may also want to note that these "credit agencies" are no such thing- they are private companies (TransCanada and Equifax) whose main business is collecting debt as well- they are collection agents that charge a subscription fee to other entities- such as other collection agents. Why do you think they want you to send them copies of photo id to get a copy of your credit report? Yup- to put in your file to aid the collection agents in the future. And no, this is not some sort of conspiracy theory, it is absolutely true despite the fact 99 per cent of the Canadian public is ignorant of it.
If you "need" a PayPal account- then you're in trouble. Find a way not to "need" such an account. As long as you perceive a PayPal account to be a requirement- they have you by the short-and-curlies and can screw you at their leisure. Get out now, find alternate vehicles for payment and help drive PayPal and other companies with the same level of honesty and integrity (i.e. virtually none) out of business.
As for PayPal causing a shutdown of your Ebay account- they are two related companies (Ebay is the parent corporation). Likely there is some "terms of service" mention that they can remove all your accounts under their management if you don't resolve your issues with them- but it doesn't matter, as, if you look at other peoples posts around here- PayPal will start notifying anyone who has sent you payment since they froze the account that the account is frozen, Ebay buyers will panic, your Ebay feedback will go into the toilet and Ebay will yank the account. The two companies work in concert with one another to ensure they get what they think they are owed- the shirt off your back and your first-born if that's their view.
