Does Paypal Credit Report To Credit Bureaus?

Last Updated: Mar 03, 2023

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Paypal credit used to be considered a "hidden tradeline" because it kept all activity “hidden” from view to avoid affecting their clients FICO scores. This changed after 2019. Prior to 2019, Paypal Holdings owned Paypal Credit. Under the new ownership of Synchrony Bank, Paypal Credit DOES report account activity to credit bureaus.  

There are three main credit bureaus: Experian, Equifax and TransUnion. PayPal Credit does report to at least one of them, reportedly this is usually Experian.

How To Check Your Paypal Credit Account?

  • You can find your SYNCB/PPC account on your credit report. Your approach to managing it depends on how and where it appears. Check these two sections first.
  • Inquiries: Synchrony Bank does a hard pull of credit reports for every new member of Paypal, this will appear as an additional line in the inquiry section of your credit report.  
  • Your credit history will determine whether the creditor will approve you for credit, or not. A hard inquiry can stay on your credit report for up to two years.
  • Account History: Your SYNCB/PPC account can be found in the account history section of your credit account, labeled as either “active” or “closed”.

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How Paypal Credit Reporting Can Affect Your Credit Score

After Paypal Credit started to report account activity to credit bureaus, it has become necessary for users to comprehend how their actions can affect their credit score. Key factors that determine your credit score include payment history, credit utilization, and length of credit history. Any negative activity on your Paypal Credit account can have a harmful impact on your credit score. Thus, it is essential to make timely payments, maintain low credit utilization, and avoid opening new accounts as far as possible. By being mindful of these guidelines and staying on top of your account activity, you can ensure that your credit score remains healthy and favorable in the long run.

How to Dispute Errors on Your Paypal Credit Report

If you suspect that there is an error on your Paypal Credit report, you have the right to challenge it. This may involve incorrect personal information, erroneous reporting of payment history or account balance, or other inaccuracies. To dispute an error, you should reach out to the credit bureau (or bureaus) where the mistake appears and present evidence to back up your claim. If the credit bureau confirms that there is indeed an error, they will rectify it on your report. This can significantly enhance your credit score and ensure that your credit report is precise and reliable. By taking prompt action to resolve any mistakes on your report, you can avoid any negative consequences for your financial future.

Bottom Line

Paypal Credit does report to Credit Bureaus. It is in your best interest to limit new credit requests, as these applications elicit hard inquiries from creditors, which will negatively impact your credit score for 12 months.

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