Paypal buyer Credit.. Does it help your credit score?
Posted by | Posted in Credit Help | Posted on 12-04-2010-05-2008
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I was approved for the pay-pal buyer credit..they gave me a credit limit of 300 dollars. there interest rate is so high its insane. I want to know if they report to the credit bureau like any other credit card company? and will making on time payments help my credit score? thanks
thanks..i really dont like the interest
Yes, they will report your activity to the credit bureaus. I think they are run by GE Finance. If you don’t like the interest rate, just buy what you can afford to pay off at the end of the month.
I have one of these accounts.
Actually, the interest rate really isn’t that high – in fact, for usual credit cards the interest rate is about 22-25%; at least for me – my interest rate is 20% with paypals buyer credit.
I have quite similar questions too. Glad to have stumbled on this blog and got answers for it. Thanks to you both.