cancel
Showing results for 
Search instead for 
Did you mean: 

Unable to meet payment deadline

Highlighted
New Community Member

Unable to meet payment deadline

I have had some personal issues recently, and may not be able to meet my financial obligations in a timely manner.  I have never been late with a PayPal credit payment, but I may be soon.  What happens if I miss a payment?

2 REPLIES 2
Highlighted
Advisor

Re: Unable to meet payment deadline

From the FAQs.

 

You will be charged a late fee for each month that the minimum payment is not paid by the payment due date.  The first time you’re late, the amount of the late fee will be the same amount as the missed payment, up to $27.   If you’re late again, the late fee will be up to $38.

New Community Member

4 months 0% interest

I don't know why but I'm unable to find out what happens if I don't fully repay my paypal credit in full when the 4 months are up. I'm going to guess that the answer is staring me in the face somewhere but I can't see it. I'd also guess that I'm not the first to ask this question. I owe around £1200. It needs to be repaid in full tomorrow. I've just repaid £500 so there's £700 outstanding. have I broken a rule, will I be charged a late payment fee? Will my credit history be adversely affected?

 

Thanks.

 

David