Paypal Credit Question (Reporting)

[Anonymous]

I just signed up for paypal credit, does this report to the three major credit beaureas at all. When I purchased an item do I need to worry about a hp? Kinda confused on how paypal reports if it does at all.

[Bone35]

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@Anonymous wrote:

I just signed up for paypal credit, does this report to the three major credit beaureas at all. When I purchased an item do I need to worry about a hp? Kinda confused on how paypal reports if it does at all.

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Paypal Credit is a hidden tradeline It will not report unless you default, so no need to worry about utilization hurting your score.

Paypal Credit  will result in a HP from EQ at time of application. No need to worry about additional HPs when making purchases.

They dont have a LUV button but will SP you for an increase when you try to spend more than your available credit.

Hope this helps!

[takeshi74]

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@Anonymous wrote:

When I purchased an item do I need to worry about a hp?

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No.

[RonM21]

Interesting data point, I didn't realize they were a hidden trade line.