Does anyone know if a default or delay on a Paypal Working Capital loan would affect my credit score?
My intuition is that yes, since you have defaulted on a loan, it would affect your score.
But their website says:
Will my credit score be affected if I apply for or use PayPal Working Capital?
No. The lender determines your eligibility based on your business's PayPal sales history, not your business or personal credit score. Applying for or using this loan won’t impact either credit score.
(edit: please see that their response doesn't actually address the event of a default, just the normal usage and application for the loan. I occasionally take out these loans, and I have zero intention of defaulting on them. But if I get into a financial pinch it would be nice to know that I can pay the loan off slower than they want me to haha)
Submitted December 16, 2017 at 04:01AM by lorrieh http://ift.tt/2ok9OdO
