topic Re: Paypal credit reporting in Credit Cards

Paypal credit reporting

kdm31091 — Sun, 11 Aug 2019 11:51:30 GMT

Ok, so this is kind of strange, but I have periodically gotten emails from Paypal/Sync/whoever regarding my Paypal Credit account (just reminding me to link it to my existing login, something of that nature). Since I had no idea I had one, I ignored the emails. Finally yesterday I decided to actually look into it and make sure someone wasn't applying for things in my name, and linked it up. I have a paltry 1k credit line from Paypal that I totally forgot about; digging through my email history I apparently got approved for it years ago in 2012 (and surprisingly, they haven't shut it off for non-use). The reason I totally forgot about it was that, as has been known around here, the Paypal Credit line doesn't appear on my credit report, so when I check my monitoring services I see nothing about it.

However, I did some digging and I have seen rumors that it will eventually pop up on my report. I really don't care if it does if it's backdated, since it's a fairly old account for me (2012). However, I don't want it popping up and showing as newly approved. If I close it, I feel like that won't change the fact that it reports when/if they decide to report it. So what is the best course of action here? What are others doing with these Paypal lines of credit? I'm thinking just wait and see what happens; the backdated, unused account could be slightly beneficial despite the tiny limit.

Re: Paypal credit reporting

FireMedic1 — Sun, 11 Aug 2019 12:33:32 GMT

Question is. How did you forget you applied? Most people want to know if they were approved or denied. If its still open. I'd keep it. It has a 7 yr history on your reports no matter what the credit line is. Grab a snack and see if it really is still open. Isnt hurting anything as it is as you described.

Re: Paypal credit reporting

kdm31091 — Sun, 11 Aug 2019 12:43:01 GMT

@FireMedic1 wrote:
Question is. How did you forget you applied? Most people want to know if they were approved or denied. If its still open. I'd keep it. It has a 7 yr history on your reports no matter what the credit line is. Grab a snack and see if it really is still open. Isnt hurting anything as it is as you described.

This was back in 2012 before I noticed or cared much about the credit world. I'm guessing I must have applied for some promotion, paid it off and never used it again.

Re: Paypal credit reporting

AverageJoesCredit — Sun, 11 Aug 2019 13:17:17 GMT

Like most of us , best just to wait and see. Not much we can do anyway.

Re: Paypal credit reporting

JR_TX — Sun, 11 Aug 2019 13:41:01 GMT

Yep AJC is right we’re all in the wait-and-see game with the PPC. The luv button in the newly relaunched website has been staring at me in the eye ever since the Sync transition was completed. Been debating whether to tap it or not but couldn’t find any benefit since it’s not reporting “YET” and have no use for the extra CL. Maybe you can try and hit that $10K CLI just in case they report?

Re: Paypal credit reporting

kdm31091 — Sun, 11 Aug 2019 13:52:33 GMT

@JR_TX wrote:
Yep AJC is right we’re all in the wait-and-see game with the PPC. The luv button in the newly relaunched website has been staring at me in the eye ever since the Sync transition was completed. Been debating whether to tap it or not but couldn’t find any benefit since it’s not reporting “YET” and have no use for the extra CL. Maybe you can try and hit that $10K CLI just in case they report?

Even though I know it's 99% certainly unrelated, part of me is reluctant to ask for a CLI because I don't want to give them an excuse to hurry up and report the tradeline. I don't see myself ever really using it. At the same time, a 1k limit reporting is pretty much worthless, except for the fact that it's an older account.

Re: Paypal credit reporting

JR_TX — Sun, 11 Aug 2019 13:55:50 GMT

@kdm31091 wrote:
@JR_TX wrote:
Yep AJC is right we’re all in the wait-and-see game with the PPC. The luv button in the newly relaunched website has been staring at me in the eye ever since the Sync transition was completed. Been debating whether to tap it or not but couldn’t find any benefit since it’s not reporting “YET” and have no use for the extra CL. Maybe you can try and hit that $10K CLI just in case they report?
Even though I know it's 99% certainly unrelated, part of me is reluctant to ask for a CLI because I don't want to give them an excuse to hurry up and report the tradeline. I don't see myself ever really using it. At the same time, a 1k limit reporting is pretty much worthless, except for the fact that it's an older account.

And that is exactly the reason why I haven’t tapped that button yet!

Re: Paypal credit reporting

K-in-Boston — Sun, 11 Aug 2019 13:57:47 GMT

I haven’t seen any reports of older accounts being reported yet, only newly applied-for ones so far. If it does report with my original BillMeLater opening date, I’m fine with that since it’s nearly 20 years old. I would be a bit annoyed if it reports with a later date. As for the luv button, I smashed that on day 1 and the account is still absent from my reports.

Re: Paypal credit reporting

CreditCuriosity — Sun, 11 Aug 2019 20:10:21 GMT

Before I got rid of it i smashed button as well got a CLI and no reporting or did the reporting speed up.. Since cancelled it as pretty much worthless now the 0% promo changed along with no longer being hidden. I expect to still report although closed, just be really miffed if mine doesnt show original opening date.

Surprised out of all people you didnt remember opening this credit line

Re: Paypal credit reporting

CreditJourney007 — Sun, 11 Aug 2019 18:50:49 GMT

I got a CLI last month and it's still not reporting.

Re: Paypal credit reporting

AverageJoesCredit — Sun, 11 Aug 2019 20:04:45 GMT

I did recently smash the button and got an increase.

It has reported...

Here on myFico🤪

Re: Paypal credit reporting

Adkins — Sun, 11 Aug 2019 20:48:44 GMT

@AverageJoesCredit wrote:
I did recently smash the button and got an increase.

It has reported...

Here on myFico🤪

Har har har har!! 😛

Re: Paypal credit reporting

Dervrak — Sun, 11 Aug 2019 22:16:49 GMT

Personally I loved the fact the Paypal didn't report (and they still haven't started for me). When I have a really big charge like my annual vacation booking through travelocity, I can drop in on paypal and have no impact on my credit utilization on my credit report.

Re: Paypal credit reporting

kilroy8 — Sun, 11 Aug 2019 22:36:54 GMT

Wait - Travelocity takes Paypal? For hotels and airfare?

Interesting.

The way is fraught with peril.

Re: Paypal credit reporting

Anonymous — Mon, 12 Aug 2019 00:29:35 GMT

Well. I applied on April 25th. Equifax was pulled and I was Approved for 3K and hit the luv button a few days after the transition. Asked for 25K Got countered with 10K. Has not shown up for me yet.

Re: Paypal credit reporting

AverageJoesCredit — Mon, 12 Aug 2019 00:48:50 GMT

I wanna be a Pop Pop🤞🙏

Re: Paypal credit reporting

mau471 — Mon, 12 Aug 2019 15:52:46 GMT

Assuming this only ages back to the time Synchrony has owned the portfolio does anyone know if the opening date would be reported as July 18 when they bought or this June 19 when everything officially transitioned for servicing or is that even up in the air still? Wasn't sure if there were any legal requirements around which date they could use.

Re: Paypal credit reporting

JR_TX — Mon, 12 Aug 2019 15:59:19 GMT

@mau471 wrote:
Assuming this only ages back to the time Synchrony has owned the portfolio does anyone know if the opening date would be reported as July 18 when they bought or this June 19 when everything officially transitioned for servicing or is that even up in the air still? Wasn't sure if there were any legal requirements around which date they could use.

I’m not a lawyer but I think it’s safe to assume to treat it just like any legal matter, to wit; “As when the ink was put into Paper”, meaning the day the Sync and Comenity signed the agreement.

Re: Paypal credit reporting

RSX — Mon, 12 Aug 2019 16:02:19 GMT

I applied for the increase and received $10k. It still hasn’t reported anywhere for me yet

My balance is zero, but if it is going to post to the reporting agencies, I would rather have the extra 10,000 to help with other util.

Re: Paypal credit reporting

LenaLuthor — Wed, 02 Oct 2019 14:14:49 GMT

So I logged into my Experian today and saw that Paypal Credit is noo longer a hidden line - it is now showing on my credit report. I am not mad per say ... but they are only counting the payments from the June of this year. Nevermind all the payments I made before (on time ).