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Anybody else get an email about Paypal changing terms

Auto Loans for ANY Credit Situation. Immediate Response.
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Member

Re: Impact of new credit line reporting with high balance?

Does anyone know if a balance transfer can be done? I have 2 cards lined up that I can transfer my PPC balance to ($1,800) It’s not much but the interest is ridiculous. I would rather transfer it to a card with 0% interest for a year. If it will no longer be a hidden trade-line, there is no point of me paying all of that interest each month. Any thoughts?
Message 71 of 179
Frequent Contributor

It looks like after June PayPal Credit will start reporting?

I just got a letter in my email from PayPal Credit and Synchrony. It sounds like they may start reporting after June. This is super dissapointing.

 

This is part of what it said:

 

"Unless otherwise specified, the changes listed below will be effective on your account as of June 23, 2019 and are reflected in the Account Agreement found here.

 

Credit Bureau Reporting: Synchrony Bank may report information about your account to credit bureaus. Please refer to the “Credit Bureau Reporting” section for more information.

 

Bill Me Later: Bill Me Later, Inc. will no longer be a party to your agreement. All references to “Bill Me Later, Inc.”, “us and/or Bill Me Later, Inc.”, “we and/or Bill Me Later, Inc.” will be replaced with “we”, “us”, or “our”. Consistent with your account terms, “we”, “us”, and “our” will continue to refer to your lender, which is Synchrony Bank.

 

Contact Information Changes: The contact information (phone number and mailing address) referenced in the following sections is being updated:
Unauthorized Use;
Resolving a Dispute with Arbitration; and,
Your Billing Rights Summary..

 

 

I hope this is only in reguards to missed payments or defaults...anyone know?

Message 72 of 179
Super Contributor

Re: It looks like after June PayPal Credit will start reporting?

We now have confirmation that at least new accounts are being reported. 

 

https://ficoforums.myfico.com/t5/Credit-Cards/PayPal-credit-no-longer-a-hidden-tradeline/td-p/561192...



01/2019:
10/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 73 of 179
Member

Re: It looks like after June PayPal Credit will start reporting?

Well, here's to hoping it at least backdates. The AAoA boost would be a nice offset to the loss of the hidden TL.

Message 74 of 179
Established Member

Pay pal credit! reporting !

So PayPal credit showed up on my Experian today. Have no balance on it so 10 point boost for me. Only 1500 line

Anyone else ?

Heard it was staring to report on June 2019
BK7 discharged 2/22/19
2/22/19 FICO 8 EX 522 EQ 569 TU 505
Message 75 of 179
Senior Contributor

Re: Pay pal credit! reporting !

 Congrats on the 10 pts.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 76 of 179
Senior Contributor

Re: Pay pal credit! reporting !


@jlozano7 wrote:
So PayPal credit showed up on my Experian today. Have no balance on it so 10 point boost for me. Only 1500 line

Anyone else ?

Heard it was staring to report on June 2019

New Paypal Credit Account, or Older account?,

Date opened?

Message 77 of 179
Established Member

Re: Pay pal credit! reporting !

Yes, it’s a new PayPal credit account I applied last week I got the inquiry right away today I got a new update on myFICO and it showed as the account open with 1500 limit
BK7 discharged 2/22/19
2/22/19 FICO 8 EX 522 EQ 569 TU 505
Message 78 of 179
Senior Contributor

Re: Pay pal credit! reporting !


@jlozano7 wrote:
Yes, it’s a new PayPal credit account I applied last week I got the inquiry right away today I got a new update on myFICO and it showed as the account open with 1500 limit

Thank you for your reply!

so far my Very Old Bill Me Later / Payapl is not showing.

Message 79 of 179
Established Contributor

Re: Pay pal credit! reporting !

Im one of those "old account" still hidden as today!  Cross my fingers for June. Im using 90% of my TL for now. LOL





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Message 80 of 179
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