Hy ,I am currently trying to organise a personal loan from the AA to purchase a car .
While filling out the form it asked me two questions
1.What are your total current monthly repayments on all existing loans?
2.What is the current balance of all your outstanding credit cards?
The thing is I don't have credit card or a loan.
What I do have is paypal credit where I have purchased 2 items and I am just making interest free payments monthly
I phoned the company and they literally could not answer the following question
does a basic paypal interaction using interest free credit payments come under a loan or credit.?
The customer service person stated that I should open up an experian account and if they did a check on me, paypal would come up as a defined category.
From what I can gather though, paypal credit wouldn't show up on a credit search unless you defaulted on your payments [which I never have ]
Can anyone enlighten me ?
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