Under 18 debt with Paypal is it affecting credit?!

tinwinch

If you got into a debt with paypal being under 18 can a debt collecting agency chase you for it?

Thanks

DevCoder

You must have lied on the paypal application which is a legal contract.

I'd keep quiet as your actions were fraudulent.

Check your credit reports with the 3 main agencies.

tinwinch

The account was created through paying for something online - I didn't go through a registration process nor needed to enter age

DevCoder

Really? Ive yet to see a web portal linking through paypal that doesnt force you through their T&C's.

Which website was it?

DevCoder

And why did you edit your post to remove the sentence that you "(naughtily) had a paypal account" ?

Th1984

2.1 Eligibility. To be eligible for our Services, you must (i) be a resident of one of the countries listed on the PayPal Worldwide page; (ii) have full legal capacity to enter into a contract; and (iii) if you are an individual, be at least 18 years old.

From the PayPal t&c that you will have agreed to before opening an account, sounds a little like it could be interpreted as fraudulent if you confirmed you agreed to their t&c when you joined....

rising_from_the_ashes

krisdorey wrote: »

Really? Ive yet to see a web portal linking through paypal that doesnt force you through their T&C's.

Have to agree with this - if you've opened a PayPal account, there would've been T&Cs provided and you would've had to tick a box (or similar) to say you'd read them.

If you didn't read them (or did and choose to ignore them) and ticked the box, then that's you basically saying you agree to be held to the T&Cs.

This is a recent update on the T&Cs but there was always something relating to age on previous ones:

Taken from:

https://cms.paypal.com/uk/cgi-bin/marketingweb?cmd=_render-content&content_ID=ua/UserAgreement_full&locale.x=en_GB

" 2. Eligibility and Types of Accounts


2.1 Eligibility. To be eligible for our Services, you must (i) be a resident of one of the countries listed on the PayPal Worldwide page; (ii) have full legal capacity to enter into a contract; and (iii) if you are an individual, be at least 18 years old. You further represent and warrant to us that if you are an individual and you open an Account with us that you are not acting on behalf of an undisclosed principal or a third party beneficiary. This Agreement applies only to Users who are residents of the United Kingdom and Relevant Countries. If you are a resident of another country, you may access your agreement from the PayPal website(s) in your country (if applicable)."

theoretica

tinwinch wrote: »

My question is, has this affected my credit score?

If you get a copy of your credit report you will be able to see if this is on it. It probaby is. It will affect your credit report less if you pay it off. If you log into paypal does your account show negative as this would be the easiest way to access it to pay off. Don't worry about your 'score' that the credit reference agencies try to get you to pay for - the report tells you more than the number they have picked not quite at random.

18 year olds are not usually seen as very good credit risks, so one black mark, paid off, is unlikely to be much worse than the usual blank slate. If you do have to save up more rather than getting as much credit as other people your age are offered for the next few years this is probably a good thing in the long run!