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? ›

How to Answer, 'What's Your Expected Salary? '
  1. Research the market and salary trends.
  2. Consider giving a salary range, not a number.
  3. Diplomatically turn the question around.
  4. Now it's time to give a number, not a range.
  5. Always be truthful.
Jan 11, 2024

What questions to ask about pay? ›

12 questions to ask when negotiating a job offer
  • Is this salary open to negotiations? ...
  • How did you calculate this salary offer? ...
  • Are there any opportunities to increase my salary in other ways? ...
  • How do you determine raises? ...
  • What is included in this compensation package? ...
  • Can we negotiate other factors besides my salary?
Jun 9, 2023

What should I put for the desired hourly rate of pay? ›

When answering desired salary or expected salary questions on an application, the best approach is to write in “negotiable” or keep the field blank. If a numerical response is required, enter “000” and in a notes section, mention that salary is negotiable based on further understanding of the position.

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? ›

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

How much is 25 dollars an hour annually? ›

Frequently Asked Questions. $25 an hour is how much a year? If you make $25 an hour, your yearly salary would be $52,000.

What are the top 5 questions to ask an employee? ›

Here are five 1-on-1 questions to ask employees every week to jumpstart your journey and help lead your people to greatness.
  • What's going well in your role? ...
  • What challenges are you facing? ...
  • How are you feeling? ...
  • On a scale of 1-10, how fulfilled are you? ...
  • Ask for feedback on ways you can become a better leader.

Is it okay to ask about salary before applying for a job? ›

Is it OK to ask for a salary range before an interview? Yes. It is perfectly reasonable to ask for the range for the role when you contact the company to make inquiries. Your time is valuable — It's a waste of time for both you and the interviewers if you're just going to decline due to compensation.

What salary should I ask for on an application? ›

Try looking for salary information on the company's website or doing an informational interview with the position's recruiter. You'll likely come up with a range, and you should put the highest number in that range that applies, based on your experience, education, and skills.

How to avoid the salary question? ›

In an interview …

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 much is $18 an hour annually? ›

$18 an hour is how much a year? If you make $18 an hour, your yearly salary would be $37,440.

What are your three weaknesses? ›

Some skills that you can use as weaknesses include impatience, multitasking, self-criticism, and procrastination. An authentic answer goes a long way.

Why do employers ask for desired salary? ›

Ultimately, they just want to make sure the company is capable of making an offer that would satisfy you, and they don't want to waste their time if that's not feasible. Most people think salary negotiation happens after an offer is extended.

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 do you respond to salary negotiation questions? ›

In this situation, respond as if they've inquired about the ideal salary you'd like to be making at their organization. Give a salary range based on the scope of role, your research, and the value you offer.

How do you politely say the salary is too low? ›

Feel free to adjust it to your liking: “Thank you so much for the offer. I'm really excited about the company and the role. I want to be upfront with you that the salary is lower than I was expecting based on my skills and experience.

How to answer current salary question on application reddit? ›

Be honest: If you feel comfortable, you can be honest and explain that you prefer not to disclose your past salary and would rather discuss your expectations for the role during an interview.

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