Does Paypal Credit Raise my Credit Score?

vanderwarkert
New Community Member

Hello, I am just trying to find out If using Paypal Credit responsibly, and making payments on time every month will help to raise my credit score like a traditional credit card or other lines of credit. I ask this because if it does, I will use it for purchases that I know I can pay off within the first month or 2 at the longest, instead of buying the products outright, so I can build my credit and also not pay any interest, which would be a great thing... but I cannot find any answers to this online regarding paypal credit, the only information that I have found is in regards to a paypal credit card, and is it the same thing? I am talking about the Paypal Credit that just instantly added a line of credit to my paypal account, without a physical card. Thank you in advance to anyone who knows the answer to this! 

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2 REPLIES 2

alextricity911
Contributor
Contributor

The hard inquiry lowers your score a few points... But sadly the only time they will report you to the credit bureaus otherwise is if you fail to pay...

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DPCreations
Frequent Advisor
Frequent Advisor

PayPal is not likely to report anything to your credit score unless you have a problem.  There is no point in PPC reporting your good activity.  Adding a credit card, using it once, and then just keep it active is probably a better way.

Also, make sure you are never delinquent on any bills you owe.

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