Does PayPal Credit Report to Credit Bureaus?

iEditorial Note: These blog posts represent the opinion of DoNotPay’s Writers, but each person’s situation and circumstances vary greatly. As a result, you should make sure to do your own independent research. Because everyone is unique, our self-help tools are never guaranteed to help with any specific situation. DoNotPay is not a law firm and is not licensed to practice law. DoNotPay provides a platform for legal information and self-help.

Does PayPal Credit Report to Credit Bureaus?

Formerly known as Bill Me Later, PayPal credit is a reusable line of credit that lets you pay for online purchases over time. Yes.

As of late 2019, PayPal credit reports to the Credit Bureaus, which means missing payments or closing your account with existing debt can affect your credit score.

The fact that also means that your PayPal Credit account will likely appear on your credit report. Sometimes there will be errors that you have to dispute. Resolving credit report disputes can be a lengthy and frustrating process. DoNotPay offers a faster and less frustrating way to dispute credit reports and improve your credit score.

At DoNotPay, we can help you write a credit dispute letter, remove collections, late payments, and inquiries from your credit report, and even get a debt validation letter. Read on to learn more about how to fix your credit score.

What Is PayPal Credit?

As stated at the beginning of the article, PayPal credit is a reusable line of credit that you can use wherever PayPal is accepted. PayPal credit functions much like a credit card, except there's no actual card. Like your credit card, your credit will appear on your credit report and affect your credit score.

What Should I Look For On My PayPal Credit Report Dispute?

If there are errors on your report, you will have to contact PayPal and the credit reporting company. But before you can do that, you need to identify an error in your credit report.

Review the following:

Personal informationIdentify incorrect names, birth dates, social security numbers, etc.
Account informationLook for incorrect payment history, the inaccurate status of the account (closed or open), etc.
InquiriesIf your credit report was pulled without your knowledge or authorization, there might be fraudulent activity.
Public recordsLook for foreclosures, liens, bankruptcies, etc., that you were not involved in.

How to Dispute a PayPal Credit Credit Report

If you find errors in your report, you will have to contact both the credit reporting company (usually Experian) and the company that provided the information (PayPal).

Here is how to dispute a PayPal credit report:

  • Dispute the PayPal credit report with the credit reporting company.

It could be Experian, Equifax, or TransUnion. For PayPal credit, it's usually Experian. You can send a dispute letter by mail or submit it online.

  • Dispute PayPal credit report with PayPal.

Contact the PayPal Credit customer service team to submit your dispute.

You can Sue PayPal Credit for an Unresolved Credit Report Dispute

If you dispute inaccuracies in your credit report, but the credit bureau refuses to correct them, you can sue them under the Fair Credit Reporting Act (FCRA). Depending on the violations, you might be able to win punitive damages, statutory damages, attorney fees, court costs, etc. You can use DoNotPay to sue the bureau for negligent or willful noncompliance in Small Claims Court.

How to Clean Up Your Credit Report by Yourself

To clean up your credit report, you have to dispute the information with the credit reporting company.

  1. Write a dispute letter requesting that the information be removed or corrected.
  2. Explain what you think is wrong and why, and attach supporting documents.
  3. Clearly identify each mistake if there's more than one.
  4. Include a copy of your credit report and highlight disputed items.
  5. Mail the letter to the credit reporting agency.

Next Steps for Cleaning Up Your Credit Report if You Can't Do It Yourself

Disputing a credit report on your own is a long and tedious process that may not even work. But don't give up just yet. Fortunately, there's an alternative solution that's faster, easier, and less frustrating.

How to Clean Up Your Credit Report With the Help of DoNotPay

DoNotPay offers a faster, less frustrating way to clean up your credit report. It's the perfect solution for all your credit report issues.

If you want to clean up your credit report but don't know where to start, DoNotPay has you covered in three easy steps:

  1. Search Clean Credit Report on DoNotPay.

  2. Prepare a recent copy of your credit report that you can use as reference.

  3. Let us guide you through the 4 potential options:
    1. If you've already paid off your debt, we'll help you file a Goodwill Removal Request to get it removed.

    2. If you notice any errors in your report (we have a list of common errors you can use!), we'll help you file a credit dispute to the creditor or major credit bureaus.

    3. If there are no errors, we'll check if you're still eligible to file a debt validation request. If they can't validate your debt, they're required to remove it from your report and they can't collect it!

    4. Lastly, if none of the above options work, we'll help you file a pay-to-delete negotiation letter. You can customize the amount you are willing to pay in exchange for getting the item removed.

And remember, there are more ways to use the app.

What Else Can DoNotPay Do?

In addition to , there are many other issues DoNotPay can help you solve. These include:

Download the DoNotPay app today to enjoy these services.

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