Why am I being charged interest on PayPal credit?

Bilboey
New Community Member
I’m making my minimum payment every month which is roughly around £50-£60 month, I pay it before the deadline every month. But I keep getting charged interest, my statement for august has shown an interest charge of £31. Anyone know why?
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1 REPLY 1

kernowlass
Esteemed Advisor
Esteemed Advisor

@Bilboey 

 

You pay interest on loans regardless of paying the minimum amount !!


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Kudos / Solution appreciated.
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