k2s Posted August 15, 2014 Report Posted August 15, 2014 oka doubt - does paypal/bill me later report the outstanding balance to Credit bureaus ? oka 1500 balance on paypal vs 1500/1500 balance on Credit card ,,, which is preferred in terms of Credit report point of view ?
Spartan Posted August 15, 2014 Report Posted August 15, 2014 no..Paypal / BillmeLater doesnt report ur credit to the bureaus... https://www.creditkarma.com/question/i-have-a-credit-line-through-bill-me-later-why-does-it-not-show-up-on-my-credit-report kaani in this blog he mentioned.. http://blog.credit.com/2013/11/can-paypal-hurt-your-credit-71413/
k2s Posted August 15, 2014 Author Report Posted August 15, 2014 no..Paypal / BillmeLater doesnt report ur credit to the bureaus... https://www.creditkarma.com/question/i-have-a-credit-line-through-bill-me-later-why-does-it-not-show-up-on-my-credit-report kaani in this blog he mentioned.. http://blog.credit.com/2013/11/can-paypal-hurt-your-credit-71413/ :3D_Smiles:
Spartan Posted August 15, 2014 Report Posted August 15, 2014 :3D_Smiles: It’s also worth noting that when you check out using PayPal, you’ll be offered the opportunity to pay for your purchase using a service called “Bill Me Later,” which lets you pay for that item later. This service features a line of credit, and your credit report will be reviewed if you apply for one of these accounts. Bill Me Later is clear about how credit reports will be reviewed for this service: A credit report is reviewed when you apply for a Bill Me Later account and occasionally when you ask for an increase in your credit line. Periodically, updates of your report are obtained, but these updates have no impact on your credit score. Your account is reviewed quarterly. If for any reason your credit line is reduced, you will be notified of the reason in writing. Bill Me Later may affect your credit scores as a result of the inquiries that are reported as well as through the account that will be reported on your credit reports. The impact can be positive or negative, depending on whether you pay late or carry large amounts of debt
k2s Posted August 15, 2014 Author Report Posted August 15, 2014 It’s also worth noting that when you check out using PayPal, you’ll be offered the opportunity to pay for your purchase using a service called “Bill Me Later,” which lets you pay for that item later. This service features a line of credit, and your credit report will be reviewed if you apply for one of these accounts. Bill Me Later is clear about how credit reports will be reviewed for this service: A credit report is reviewed when you apply for a Bill Me Later account and occasionally when you ask for an increase in your credit line. Periodically, updates of your report are obtained, but these updates have no impact on your credit score. Your account is reviewed quarterly. If for any reason your credit line is reduced, you will be notified of the reason in writing. Bill Me Later may affect your credit scores as a result of the inquiries that are reported as well as through the account that will be reported on your credit reports. The impact can be positive or negative, depending on whether you pay late or carry large amounts of debt antey bill me later gadu slow ga rod ni dimputhadu annamta ....
ILAQAT_MUFLIYA Posted August 15, 2014 Report Posted August 15, 2014 vuncle evadaina if it is credit and u have an account with credit it will be reported vayya .. same old same old ..
rondon9999 Posted August 15, 2014 Report Posted August 15, 2014 Bill me later is not any type of loan It will be reported like credit card which will hurt ur score
Spartan Posted August 15, 2014 Report Posted August 15, 2014 antey bill me later gadu slow ga rod ni dimputhadu annamta .... chimple..
k2s Posted August 17, 2014 Author Report Posted August 17, 2014 u still have the issue man bye1 need money to pay it off man
micxas Posted August 17, 2014 Report Posted August 17, 2014 need money to pay it off man every1 needs money $s@d
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