Fair credit needed i.e.
a credit score over 620.
Can you get approved for PayPal credit with bad credit?
Credit Score Needed For Paypal Credit. PayPal doesn’t make public what score is needed for their Credit program. Based on user reports across the internet, the lowest scores approved are 600 FICO. You should always consider improving your credit score first before applying.
Can PayPal credit affect your credit score?
PayPal Credit does report to the credit Bureaus and will affect your credit score. Late payments will be reported to Experian specifically. You should always consider improving your credit score first before applying. If you’re denied, you will get hit by a hard inquiry that will lower your score for 12 months.
Is PayPal credit a good idea?
PayPal Credit can be a very good credit tool to use help manage you finances, not because you need the credit. It’s a good way to park you money in an interest bearing account for six months while you use PPC for big purchases. When the promotion expires just take money from investments and pay the debit.
Why can’t I use my PayPal credit?
PayPal doesn’t allow recurring payments unless you have credit cards or bank accounts linked to it, and they need to have enough funds as well. Access your PayPal account and go to the “settings” section.