PayPal Credit

Irish75

Evening all
Going for a mortgage sometime in future- so to boost my credit rating, I’ve got a credit card, which I only spend 100 odd a month on and always pay balance in full. I applied for & got PayPal credit for the same reason. I’ve just used it to make a purchase- my question is - should I  pay balance in full in a weeks time or pay in instalments over 3-4 months before the 0% interest expires? Does it make any difference which? I can do either, I just want it to have a positive effect on my credit rating, not a negative one.
Thank you in advance.

jimbo26

I doubt it will make any significant difference unless the balance on the PayPal account is large. Make the most of the 4 months interest free period.

Irish75

Thanks Jimbo

Just pay it all off in one go then & be done with it, you reckon.

[Deleted User]

Don't worry about messing about with things like PayPal credit.  

Just use a credit card or three, clearing in full each month. That will build the history you're looking for.

coachman12

Nothing wrong with Paypal Credit-----the paying in 3-4 months also sounds OK to make use of the 0% deal. Keep one or two credit cards , don't build up a debt with them, and the future looks rosy.
Good luck and all the best.

jimbo26

Deleted_User said:

Don't worry about messing about with things like PayPal credit.  

I disagree, you get some great 0% deals using PayPal credit. Use it to get the deals and make sure you pay off before the end of the deal date and you'll be fine.