To cancel your PayPal Credit Card, call their customer service team at (844) 373-4961. Before canceling, make sure to pay down any outstanding balance you might have on your account. Also, keep in mind that canceling the card might hurt your credit score for a short period of time.4 Feb 2021
Does closing PayPal account affect credit?
Closing a “PayPal Credit” account will have NO IMPACT on a credit report / score - because it's not reported! Keeping a “PayPal Credit” account open WILL NOT IMPROVE a credit score - because it's not reported!
How do I close PayPal Credit account UK?
To close your account, you can call our PayPal Credit customer service team on 0800 368 7155.
Why is PayPal not letting me close my account?
PayPal won't let you delete your account if there are open issues with the account. If there is a payment you made that is not completed processing or if there is evidence of wrong use of the account (if they suspect the account has been used to process bad transactions).
Does PayPal Credit affect your credit score 2020?
The good news for those who enjoy its ease of use: PayPal does not affect your credit score. This is because your credit does not get pulled when you make a payment using their platform—in fact, PayPal doesn't share any of your financial information when you make a purchase using their tool.30 Sept 2021
What happens when PayPal Credit closes your account?
If there is a balance at the time of closure, PayPal will send the balance to your primary residence or revert the balance to your state of residency. You will receive a notice prior to the account closure and reverting of the balance.
Does PayPal Credit close due to inactivity?
Your PayPal Credit or Bill Me Later account will show on your credit report as either active or closed. If you haven't used your account for a year or more, the creditors won't make any money off your transaction fees. That's why they'll close your account due to inactivity.
Does PayPal delete closed accounts?
Because you are permanently closing your PayPal account, everything tied to your account will be permanently deleted. Once the PayPal account is closed, you will not be able to access this information again, even if you open a new PayPal account using the same email address.