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PayPal Credit -- Then and now? I was approved!

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PayPal Credit -- Then and now? I was approved!

So I had Paypal Credit from a few years ago that was charged off -- sent to collections but never has showed up on my Credit Reports.

 

I was on eBay and was interested in a 2012 Macbook Pro (fwiw -- better than anything MBP you can buy today -- but I digress!).  It gave me the usual "apply for Paypal Credit"... and **bleep** (yes, guilty of drapping after a 20+ Fico score rebound today).  Much to my surprise, I was approved for a 1900-dollar limit!

 

Last week, I was trying to settle my collections and had Synchrony on the phone and said that I wanted to work on resolving that account.  They didn't see a Paypal Credit account associatedi with my SSN.  Then they mentioned something about Comenity and was thinking maybe the old Paypal credit was under Comenity?  

 

So I looked on the current website and couldn't see who the backing bank was for Paypal Credit.  

 

I still haven't paid off the charged off Paypal Credit (though I tried!).  I'm astonished that I was approved for Paypal Credit now... and for a CL that was over twice what my original line was...

 

Anyone know what is going on here?  

 

Also, is Paypal Credit still a hidden trade line?

 

Sorry for the silly questions... I'm just blown away!  I need to get one of those Nyquil drapping pics for my signature!

 

Thanks in advance and CHEERS!

Starting Over Again after Cap1 Death Penalty:
06/18/2019:
09/06/2019:
Message 1 of 5
4 REPLIES 4
Valued Contributor

Re: PayPal Credit -- Then and now? I was approved!

Congratulations on your approval!
Message 2 of 5
Regular Contributor

Re: PayPal Credit -- Then and now? I was approved!

Congrats on the approval. The new Paypal Credit is backed by synchrony as of I think June. 

 

They began reporting the line to the CRA's on or around Oct. 1st, and updating monthly, so it is no longer a hidden line. 

 

 

Good luck with the continuing rebuild!








Uti: 21% and dropping
Total Revolving: $13,450
Message 3 of 5
Frequent Contributor

Re: PayPal Credit -- Then and now? I was approved!

Wow,  now I'm really shocked since Synchrony hates me!  They balance chased me on my Sams Club Credit last year and can't get a CLI from them to save my life.  

 

I had a charge off from Care Credit... which I arranged for a payment settlment last week but have not actually paid off yet (have until 12/1 to satisfy that agreement)

 

Thanks for the information!

 

 

Starting Over Again after Cap1 Death Penalty:
06/18/2019:
09/06/2019:
Message 4 of 5
Senior Contributor

Re: PayPal Credit -- Then and now? I was approved!

Congrats! Can you give me tonights winning FL lottery numbers please? Lucky dog!!!!!!!!!!! Smiley Happy





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 5 of 5
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