Does Paypal Credit report to the credit bureaus?

caseycreek
Contributor
Contributor
5 REPLIES 5

lancelotme
Frequent Contributor
Frequent Contributor

willys
Contributor
Contributor

lots of people are trying to rebuild credit and it would be useful if pay pal reported to the credit burues

I do use pay pal credit on a regular bassis and always pay on time along with paying more than minimum every time .

I feel if my account isn't reported I'm not achiving what I set out to do improve my score . I think I am going to payoff my account and move on to someone who does report to the burues , It really is a shame as I do like paypal and the convienionce of everything at my finger tips .

 

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DPCreations
Frequent Advisor
Frequent Advisor

PayPal will report data to credit bureas when necessary, such as when you have delinquent accounts.  So, no reports is a good thing.

If you want financial status reported on a regular basis, star with a checking account and a bank credit card.

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jeffacre
New Community Member

I agree.  If I use PayPal Credit for a purchase, and make payments on time, I should receive positive results on my credit report.  It just doesn't seem to make sense to use PayPal Credit if I will never receive credit for doing so.

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DPCreations
Frequent Advisor
Frequent Advisor

PayPal is NOT a credit card and does not confirmed available credit.  There is no need to report anthing unless there is a problem.

Good credit rating means no adverse issues. 

If you want to have good credit reported, then get a credit card or bank loan.

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