06-16-2008 07:26 AM
06-16-2008 09:13 AM
10-30-2011 01:44 AM
I have not heard anything about it actually replacing PayPal. Just another service provided and powered by PayPal. I applied for it to purchase a laptop online. I was declined due to "information not matching my credit report." When I called, I was informed that the billing information on my Experian report did not match what I entered. Lucky for me, I had my Experian data in front of me. I went through it line by line with the friendly care rep, and we both could not see anything wrong. He indicated that there may have been a glitch, or perhaps I needed to put St. for street rather than just the name of my street. His suggestion was that I apply for the card a few more times and see if it goes through. I asked him if this will result in additional credit card inquiries, or if they would be soft pulls. He told me that they were going to be hard pulls. When asked if he thought that it was a good idea to repeatedly attempt to get credit resulting in hard inquiries, he said, "well, do you really want the item you are trying to purchase." That just did not sound right. So, as of right now, I am not a fan of the Pay Later program. Just seemed like and irresponsible response.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.