What happens if I miss a payment with PayPal Credit?

If a payment is missed with PayPal Credit, there are several potential consequences that customers should be aware of. First and foremost, a late fee may be assessed. The specific amount of the late fee can vary based on the terms outlined in the customer's credit agreement. It is also important to note that missing a payment can negatively impact the customer's credit score. This can happen as many credit providers report payment history to credit bureaus, and a missed payment may be reflected in the customer's credit report. In addition to the financial consequences, the missed payment may lead to higher interest rates or changes in the customer's credit account status. For instance, if a payment remains overdue, the account may be flagged, which could affect the customer's ability to make future purchases using PayPal Credit. Customers should take care to monitor their payments and plan their finances accordingly to avoid such situations. To manage their account effectively, customers are encouraged to log into their PayPal Credit account to check payment due dates, payment history, and any applicable fees. They may also find helpful resources and contact details on the PayPal Credit website for further assistance regarding payment options and terms. This proactive approach can help in maintaining a positive credit experience.