They dont tell you your limit before you apply. In this case, it's a fee, plus a relatively high 19.99% APR. Before you close any accounts, you should first evaluate how many accounts you have, what they are costing you, what you use them for, and how they may affect your credit score. In the user agreement, PayPal states the company’s right to close a user’s account if she engages in restricted activities. PayPal does NOT report “PayPal Credit” as a tradeline account - this can be verified by looking at credit reports. It will have no impact at all! No. Paypal credit says that the account is closed but paypal says it isn’t. (Experian provides free access to the Experian report and FICO score based on the Experian data. Closing an account does not affect your score unless it affects your utilization. 2. This is the information provided: 1. A closed account can stay on your report up to 10 yesrs or more. 3. The average credit score recovery time after closing an account (for those with poor to fair credit) is three months, according to Bankrate. I got bounced back and forth and spent hours on hold waiting to speak to someone. If you don't pay it you will go into collections. Here's how to close your PayPal account: Click the Settings icon next to "Log out." Op, how did you get apply for a $3000 limit on PayPal Credit? Technically, the action of closing a credit card account doesn’t have a direct bearing on your credit score, meaning most scoring models don’t subtract points just because you canceled a card. If you have an email address on your account that you haven't confirmed, remove it from your account before you close it. Its not as always the instant solution Ive called CS for my $300 PPMC and no dice Brutal. You can't close your account if there are limitations, unresolved issues, or a balance. She obviously read the information because it is written that you can find your PayPal Credit account number somewhere if you click the link but that information is wrong. I don't know why you closed the PayPal account, especially over $15, but you can pay the eBay balance with a credit card. • Like any credit card, PayPal Credit will charge you for late payments. When I try to close it I get a message that I still have Paypal Credit. You can't remove cards / bank accounts from a closed paypal account, you would need to contact customer services and see if they are able to remove the card for you. Click help / contact bottom left of Paypal pages for options available for your country. There is no account number posted anywhere. Activities such as selling counterfeit items, reaching a negative account balance, or providing false or inaccurate information are only a few restricted activities that are grounds for account closure. Closing an account may save you money in annual fees, or reduce the risk of fraud on those accounts, but closing the wrong accounts could actually harm your credit score. While the actual closure of a bank account won't impact your credit, it's possible for it to indirectly impact your credit score if the account had a negative balance when it was closed. How Closing a Bank Account Can Affect Credit. Click See Statements. Click Close your account under "Account options." They can assist in closing your account. Next time come to the boards as soon as a buyer opens a case and ask for advice on how to handle it. Click PayPal Credit on the left side of the page. Before you close a paypal account you are supposed to remove any linked cards or bank accounts. After closing that account I still get the same message. 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