paypal credit

midlander81

Does anyone know if Paypal credit report late payments to the credit reference agencies?

I have stupidly paid my balance 3 days late!!

I have been so busy helping my brother ( see other thread) that I have neglected my own affairs!!

Not sure if Paypal creditreport late payments??

anfieldred

I've done one 2 days late in the past and it's not shown up,but can't say for definite it wont for you

T-G-C

Some lenders provide a grace in different elements. For example, not charging a fee until 72 hours has passed since the due date (Wonga is an example) or not reporting it to the CRAs if payment is made within a certain time scale.

I have never used PayPal Credit and even if I did, I wouldn't miss a payment, however like all lenders, they are obligated to report accurate and reflective information about your account, so it is unlikely that there is a lack of reporting for missed or late payments, although as I said above, some like to bend the book and provide a window of opportunity to pay without penalization, a clever trick to encourage borrowers to repay ASAP.

You should not make a habit of it, as some lenders provide grace as a one-time thing, like Capital One with fee waiver etc. and one reported mistake could affect you obtaining credit elsewhere for some time.

I understand you have had other affairs going on, but set yourself a reminder at a certain point in the month to monitor your credit accounts and repay before the due date.