Questions about Credit Reporting and Privacy Information

Does applying for or using Pay Monthly impact my credit score?

Applying for Pay Monthly will not impact your credit score. If your Pay Monthly installment loan is approved and used, PayPal may report your Pay Monthly installment loan to credit reporting agencies. This will include information like your loan amount and payment history which may impact your credit score.

How does the Pay Monthly installment loan appear on my credit report?

Depending on which credit report you’re referencing, your loan may show as ‘WEBBANK/PAYPAL’ or ‘WEB/PAYPAL.’ PayPal’s bank partner, WebBank, a state-chartered industrial bank in Utah, issues the loan.

Please contact PayPal for anything related to your Pay Monthly installment loan. We service Pay Monthly installment loans on WebBank’s behalf.

Will my Pay Monthly installment loan be reported to the credit bureaus?

PayPal may report your Pay Monthly installment loan to credit reporting agencies. This will include information like your loan amount and payment history, which may impact your credit score.