Credit

Makara09
New Community Member
Hi I’m so confused about PayPal credit. I signed up but kind of wasn’t expecting to get approved and once I did I was scared it affected my credit score. Does signing up automatically hurt my score? I haven’t used it at all literally just signed up. I’m going to call and cancel it tomorrow but I just want to make sure I’m not putting myself in a bad position since I know there have been apparent problems since they switched banks. Also, will closing my account also put damage on my score? I just want to get rid of it and not have any issues.
Login to Me Too
2 REPLIES 2

LastiJerb
New Community Member
Hi I’m having the same problem, I thought that paypal doesn’t report nor affect your credit score but mine was affected by it. Did you figure it out as to why?
Login to Me Too

PayPal_DavidR
Moderator
Moderator

Hi there,

 

Welcome to the PayPal Community.

 

I recommend reaching out to PayPal Credit directly to confirm this.

 

-David 

Login to Me Too

Haven't Found your Answer?

It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.