cancel
Showing results for 
Search instead for 
Did you mean: 

Paypal Credit/Synchrony PFD - Any luck?

Star3
Valued Member

Paypal Credit/Synchrony PFD - Any luck?

Paypal Credit closed my account due to a few lates last year. I currently have a balance and have been making monthly payments on time. Did anyone have luck with requesting a PFD? I would be willing to pay my 3k balance in full but don't want these recent lates to be an issue when I try to obtain a mortage next year.

Message 1 of 3
2 REPLIES 2
LaHossBoss
Valued Contributor

Re: Paypal Credit/Synchrony PFD - Any luck?


@Star3 wrote:

Paypal Credit closed my account due to a few lates last year. I currently have a balance and have been making monthly payments on time. Did anyone have luck with requesting a PFD? I would be willing to pay my 3k balance in full but don't want these recent lates to be an issue when I try to obtain a mortage next year.


most original creditors will not do PFD. That is generally more of a CA thing so that you are not hit with the double whammy of a CO and a CA.

 

It never hurts to try, certainly!

 

If it is not CO'd yet and just closed that is much better than a CO. I would just work on paying it off to lower your util, as it is considered maxxed out if an account is closed and has a balance.

 

Once paid off you can always go on a GW campaign to try and have the lates removed, as if an account is altogether removed, you also lose the good payment history and account age. 30d (and even 60d) lates lose their sting over time. It is 90d+ lates that really hurt for 7 years.

 

Good luck!




Starting Score: 2•20 | EQ 550 | TU 498 | EX 505
Current Score: 4•21 | EQ [F8 651] [F9 645] [EQ5 678] [VS3 630] | TU [F8 713] [F9 684] [TU4 721] [VS3 639] | EX [F8 640] [F9 651] [EX2 655] [VS3 625]
Goal Score: 670 [X] TU


Take the myFICO Fitness Challenge

SO Starting Score: 2•20 | EQ 502 | TU 484 | EX 521
SO Current Score: 4•21 | EQ [F8 655] [F9 620] [EQ5 677] [VS3 627] | TU [F8 685] [F9 658] [TU4 639] [VS3 625] [VS4 666] | EX [F8 691] [F9 684] [EX2 658] [VS3 642]
Goal Score: 670 [X] TU [X] EX


Take the myFICO Fitness Challenge



Message 2 of 3
Star3
Valued Member

Re: Paypal Credit/Synchrony PFD - Any luck?

Thank you for the response. I plan on having this paid off in the next few months. Hopfully the GW method will work, I have several other Synchrony accounts and all in good standing/no lates. 

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.