PayPal credit app

[Anonymous]

I have been thinking for a long while now to apply for the PayPal credit line (not the credit card). Do they make a HP? If yes, what bureau is it usually? (I live in the Midwest) Also I remember from back in the day that people said that this credit line doesn't appear in your credit reports. Is that true?

Also, any other comments (pros/cons) that people would like to share?

Thanks!

[DaveInAZ]

PayPal Credit is now issued by Synchrony, so it will be a HP on TU. I'm pretty sure it will be a HP, but I've had mine for over 10 years and don't remember and back then it was issued by Comenity.

Yes, it's still a hidden "tradeline", they don't report it to any of the CRAs. Purchases over $99 get 6 months 0% accrued interest - "accrued" meaning if you pay it off within 6 months no interest, if you don't the interest is charged from date of purchase.Synchrony loves their high APRs, mine was 19.99% and when Synchrony took it over last summer they raised it to 25.99%, so don't fail to pay it off in time.

A minimum monthly payment of $27 is now required, may be higher for large purchases, I rarely do more than a couple hundred bucks at a time.

[Bees18]

They pulled EQ a few months ago for DH

[KDKobes]

Hard Pulled EQ for me.

[DaveInAZ]

Interesting, I've never had Synchrony pull anything but TU for me and I have 4 accounts with them, but I got my PPCredit account in 2008 from Comenity.

[Anonymous]

@egw

" I remember from back in the day that people said that this credit line doesn't appear in your credit reports. Is that true?"

Mine has Never Reported to any of the Big 3 CRA's.

I have had mine since the Dinosaur ages, I dont even remember them pulling a Credit Report.

only con is high interest & slow to post payment to Account.

Good 6 Promotion offers, just make sure you pay them off before they expire. or else I think they hit you with 26.99% interest.

FYI: I have got CLI's By Pushing over The SL

Credit line

$6,179.00

[Anonymous]

Pay Pal Promotional Purchases Current accrued interest

Current accrued interest is the amount of interest that has accumulated to date on this purchase and that you’ll owe if you don’t pay it off in full by May 14, 2019. Interest will continue to accumulate until this date.

If you pay off this purchase in full before the 6-month promo expires, you won’t be required to pay the accrued interest on this purchase.

If you don't pay off this purchase in full before the 6-month promo expires, you'll be required to pay the interest that has accrued from the purchase date.

========================

SIMPLE TIRE

No Interest

if paid in full by May 14, 2019

$435.08

Remaining balance

A minimum payment applies to this purchase.

This is included in your monthly minimum payment due.

Purchase date

Nov 01, 2018

Purchase amount

$435.08

Current accrued interest

$24.17

[Anonymous]

EQ would actually be great for me as I have 0 HP with them. With TU on the other hand I have 4-5, so that would hurt a bit.