Paypal credit reporting

[Anonymous]

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@Anonymous wrote:
I have a charged off PayPal credit account which I am making payments since January and my last payment is on Nov 15. It was charged off before synchrony took over. I am very afraid what happens when they report this account now. I started rebuilding this year and I am in good phase right now. I do not want a ding now on my report.

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If it was charged off before Synch took over... I.e, the PPC acc itself was not an open and usable/accessible account when the changeover occured, you might be in luck... They might not report that, just as they wouldn't report accounts that were closed before the handover in June. Keep us posted! It looks like most if not everyone got hit with their report in October (myself included), so if it hasn't shown up yet, you might be in luck 😅👍

[CreditUp26]

Unfortunately, like some other posters, PayPal credit shows up on my credit report now - no longer a hidden tradeline. It was a great tool for spending when it was hidden but I have a feeling I'll use it less now. 

[Anonymous]

Paypal Credit showed up on my report yesterday. Took 35 point hit having there 16k balance at negative 10% APR. I dont need any new credit at the moment, so dont really care about my CS. However, it hurts being kicked out from 800 club. I think reportig will make me think twice before i use PP credit. In my opinion paypal made big mistake with reporting. I was useing it because i could stay "undercover". From now on i will be using only business credit cards. They dont report

[Anonymous]

I’m just gonna find a balance transfer offer to pay off my PPC balance, and then let that account rot in the pits of h3ll.

[Anonymous]

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@Anonymous wrote:

Paypal Credit showed up on my report yesterday. Took 35 point hit having there 16k balance at negative 10% APR. I dont need any new credit at the moment, so dont really care about my CS. However, it hurts being kicked out from 800 club. I think reportig will make me think twice before i use PP credit. In my opinion paypal made big mistake with reporting. I was useing it because i could stay "undercover". From now on i will be using only business credit cards. They dont report

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May I ask what your credit limit on your PPC account is? Curious because I previous heard that $10K was the unofficial max that they gave out, but if you had a $16K balance, then that's obviously more than $10K . 

I also agree with this not being the best decisions on PayPal's part... 

[Anonymous]

Mine reported right after I got/and asked for a CLI. It did backdate but onlys showed a few months of payment history. I'm fine with it as I don't use PPC. I asked for more but they only gave 10k, now I see that may be the max. I went from 5k to 10k

[Gonzozap]

Got an alert today about a new account being added.  It was PayPal.  And it says "credit card" -which really isn't true.  Shows the correct open date but only shows 9 months of payments.  Can't understand why they refuse to show the full activity and why the reporting seems to vary from person to person.

I'm not going to rush to pay it off since the balance is only $800 and I have a nice limit with no interest being paid, but I probably won't be using it much moving forward.  I'm just glad I have had the account for a while and it isn't a relatively new account showing up.

I'm sure Paypal had its business reasons for wanting to report these accounts.  Delinquencies may have contributed to the reason.  They may feel that credit bureau reporting may encourage more people to pay up promptly per the agreement.  The account still has benefits other than being hidden.  Undoubtedly, there are eons of people who have no other account where they can freely buy items with the 6-month interest-free option.

[K-in-Boston]

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@imaximous wrote:

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@rbentley wrote:

My PPC reported today.  Shows opening date of 2013.  I am sure that is not correct.  I started when they were BillMeLater.  I would have guessed it would be 2003 at a minimum.  I dont have any records that far back.  Is there a good way to have them double check?  I like it reported.  I could just use some extra padding to my AAoA.

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That's kinda what I thought too. My BML account was pretty old too but it's reporting as opened 7 yrs ago. Maybe like me, you used BML for charges, paid them off, didn't use it for quite some time and when you used it again, it created a brand new account due to inactivity. 

I can't even remember how I used to make payments or access the BML account.

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@imaximous I think you hit the nail on the head.  Mine was opened in the early 2000s as a BML account and I didn't use it from the late '00s through when it became PPC until a few years ago.  Mine finally reported and is showing a 2017 opening date.    Assuming that this is going to be the case for any of us that had long-dormant accounts, that they just treated it as a reopened account.  Fortunately my credit files are thick enough that it cuts my AAoA by weeks at the most, but I was really hoping to add another almost 20 year-old open trade line.  On the bright side, it did not report as opened in 2019 and the 2017 date it is reporting is more than 2 years ago so it won't affect anything in that regard.

[Mv350]

Figure I would update. First month reported 10/2, current update is 11/1.

[Dalmus]

Just as a data point update... my lat statement closed on 10/28 and I've received my new statement... I still have not had it show up on my CR.

I am carrying a balance, I did make some purchases with it on the Oct statement.

Had anybody else's remained hidden so far?