So I’ve had Amazon lending loans for a couple of years and this past few months have really struggled with the repayments, what with people just not spending money and sales not being as good as they were last year.

I got to a point where the Amazon loan repayment was nearly 70% of my total sales proceeds so I be reached out to Amazon Lending last month asking for help. Despite me asking for the loan to be refinanced over a new 12 month period to bring the repayments down, they instead offered a 50% cap on disbursements, which I accepted as at least I’d get enough funds from sales to pay the bills.

Fast forward two weeks and I get a fresh loan offer, to refinance my existing loan over a new 12 month period - great (or so I thought). I applied for the loan, and got accepted within 2 days, however, rather than Amazon using the entire loan amount to clear the previous loan, Amazon have applied that same 50% cap so 50% of the new loan has gone to pay off the previous loan and 50% has been sent to our bank account…leaving our Amazon account in negative figures….thanks Amazon.

Now I’ve just got to work out how to send the money back to Amazon when it hits our bank account.