Questions about Pay in 3 applications (2024)

How is my application for Pay in 3 assessed?

Our decision-making process is automated. We assess your financial position using a combination of the information you provided within your application and information about your usage and history with PayPal to decide whether Pay in 3 is suitable for you. We may run a “soft” credit check with an external credit reference agency when you apply if we need more information to make our decision. This “soft” search will only be visible to you and will not affect your credit score.

Will applying for Pay in 3 impact my credit score?

No. Applying for Pay in 3 will not impact your credit score. A “soft” credit check may be needed, but it will not affect your credit score. However, we do share some data on your repayment history with Transunion. Although it does not impact your credit score, this data will be visible to other companies and may impact your ability to obtain credit from other lenders and the cost of accessing it. More information is available in our Pay in 3 Terms & Conditions.

My Pay in 3 application has been declined. Why?

Our decision process is automated. We assess your financial position using a combination of the information you provided in your application and information about your usage and history with PayPal to decide if Pay in 3 is suitable for you now.

If your application gets declined, you can still use PayPal to check out securely with other payment methods in your PayPal wallet. The reason may have been provided to you on your application decision page directly, or we may send you a PayPal secure message explaining why your application didn't go through.

I don’t want to continue my Pay in 3 loan. Can I withdraw from my contract?

If you withdraw from your Pay in 3 loan, you will have to repay us any amounts outstanding on your loan.

You have fourteen (14) calendar days to withdraw, starting from the day after you make your purchase with Pay in 3. You must inform us of your decision to withdraw by contacting us online at www.paypal.com/uk by selecting ‘Help” and then “contact us”.

Questions about Pay in 3 applications (2024)

FAQs

How do you answer a pay question on an application? ›

Since most online applications these days force you to fill in the answer, you're going to have to give them something. But instead of providing a number, try writing “negotiable,” or “market rate.” If you're forced to put in a number, try giving a salary range.

What is the best answer for what is your expected salary? ›

Say you're flexible.

You can try to skirt the question with a broad answer, such as, “My salary expectations are in line with my experience and qualifications.” Or, “If this is the right job for me, I'm sure we can come to an agreement on salary.” This will show that you're willing to negotiate.

How much is $20 an hour annually? ›

$20 an hour is how much a year? If you make $20 an hour, your yearly salary would be $41,600.

How do you answer salary questions without answering? ›

If you're asked for your salary expectations, you could deflect by saying “What do you usually pay someone in this position?” or “I'd like to learn more about the role before I set my salary expectations. I would hope that my salary would line up with market rates for similar positions in this area.”

How to talk about salary in an interview? ›

If you do discuss compensation, I recommend speaking in terms of a range rather than a specific dollar amount. This will give you some flexibility as the interview process progresses. Consider putting the number you want at the lower end of the range, and then going up 5-10% from there.

What questions to ask during salary negotiations? ›

A: Questions like “What was the average annual percentage raise last year?” and “What percentage raise did your highest performers enjoy last year?” provide insight into how the company rewards performance.

How much salary can I ask for? ›

Once you have been offered a job position, you can use this to your advantage to negotiate your starting salary. Consider asking for a salary that is five to ten thousand above the original offer and see what your prospective employer can offer you in terms of higher pay.

What are your main goals? ›

However, some of the best answers can include: To make a positive impact and contribute to society in a meaningful way. To achieve personal and professional growth, and to continuously learn and develop new skills. To find balance between work and life, and to lead a fulfilling and contented life.

What is your weakness at work? ›

Answer “what is your greatest weakness” by choosing a skill that is not essential to the job you're applying to and by stressing exactly how you're practically addressing your weakness. Some skills that you can use as weaknesses include impatience, multitasking, self-criticism, and procrastination.

How do you discuss pay in an interview? ›

If you do discuss compensation, I recommend speaking in terms of a range rather than a specific dollar amount. This will give you some flexibility as the interview process progresses. Consider putting the number you want at the lower end of the range, and then going up 5-10% from there.

How to deflect salary expectation question? ›

Sidestep the Question

If salary history isn't a part of the question and they just want to know your expectations, you can sidestep by saying that you'd like to hear more details about the job and the company's goals and strategies before discussing your salary expectations.

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