Does Perpay Report to Credit Bureaus? Products, Timing, and Costs

Yes, Perpay does report to the credit bureaus, and it reports to all three of them: Experian, Equifax, and TransUnion.¹ The catch is that reporting isn’t automatic for everyone who shops on the Perpay Marketplace. It happens through two paid products, Perpay+ and the Perpay Credit Card, and each one shows up on your credit file differently.

All Three Major Bureaus Receive the Data

Perpay sends account information to Experian, Equifax, and TransUnion.¹ Because all three receive the same data, a lender pulling your credit from any single bureau should see the tradeline, and both FICO and VantageScore models can factor it in.

Which Perpay Product Is Doing the Reporting

The two products report as different account types, and you can have one without the other. Each reports independently.²

Perpay+

Perpay+ is a $5-per-month subscription tied to the Perpay Marketplace, paid through payroll deduction.¹ Once you enroll, Perpay reports your approved spending limit each month, and on-time marketplace payments are reported as well. The account appears on your credit report as an installment-style tradeline.³ You don’t have to buy anything from the marketplace for reporting to happen; having the spending limit reported each month is enough to establish activity.²

Perpay Credit Card

The Perpay Credit Card is a separate Mastercard usable anywhere Mastercard is accepted. It reports as a revolving credit account, the same tradeline type as a traditional credit card.³

What Shows Up on Your Credit Report

For Perpay+, the reported spending limit can be up to $1,000.¹ Carrying a zero balance shows 0% utilization, which is a healthy signal.² The Perpay Credit Card’s initial credit limit can be up to $1,500, with a possible increase considered within three months of opening the account.

Each successful payroll deduction toward a marketplace order is recorded as an on-time payment. Because payment history is the most influential factor in most scoring models, consistent on-time reporting through Perpay can build a positive track record. The account also affects your credit mix: an installment tradeline through Perpay+, or a revolving tradeline through the Perpay Credit Card.³

When Reporting Starts

After you enroll in Perpay+, the approved spending limit is reported to the bureaus within 60 days, though in most cases the data appears within 30. It can then take up to two months for that data to show up on your credit bureau records.⁴ If you decide to cancel Perpay+, you need to clear any outstanding balance first so your credit report reflects your final activity accurately.²

The Costs Behind the Reporting

Both credit-building products carry monthly costs, which is worth weighing against the benefit.

Perpay+ costs $5 per month, deducted from your paycheck, or $60 per year.¹
The Perpay Credit Card has no annual fee but charges a monthly account service fee of $5.50 to $9.00 during the first year and $9.00 per month after that, up to $108 per year.⁵
The Perpay Credit Card charges $24 for a late payment if you don’t pay at least the minimum by the due date, and $24 for a returned payment.⁶

What Happens if You Pay Late

Perpay reports negative activity too. Its credit card agreement states that late payments, missed payments, and returned payments may be reflected on your credit report.⁵ Creditors generally report a payment as late once it is at least 30 days past the due date.⁷ Under the Fair Credit Reporting Act, negative information like a late payment can remain on your credit report for up to seven years.⁸ Repeated missed payments or a default could also result in account closure and the loss of access to Perpay’s services. If you’re between jobs or your payroll is disrupted, catching the payment before it hits 30 days late is what keeps a negative mark off your file.

Disputing a Perpay Entry on Your Credit Report

If Perpay reports something you believe is inaccurate, you can dispute it. The Fair Credit Reporting Act requires credit reporting agencies to investigate disputes and correct or remove information that is inaccurate, incomplete, or unverifiable, typically within 30 days.⁸

You have two paths. You can file the dispute directly with the bureau showing the error (Experian, Equifax, or TransUnion), or you can contact Perpay as the furnisher of the information. When disputing with the furnisher, send your explanation in writing by certified mail and include copies of any supporting documents. Perpay generally must investigate and respond within 30 days. If the investigation confirms the information was wrong, Perpay must update or remove it and notify all three bureaus.⁹

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Perpay. Perpay+
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Perpay. Perpay+ FAQs
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Perpay. How to Build Credit with Perpay
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Perpay, Inc. Perpay Terms and Conditions
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Perpay, Inc. The Perpay Mastercard Credit Card Cardholder Agreement
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Perpay. Perpay Credit Card Terms
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Experian. When Do Late Payments Get Reported?
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Consumer Financial Protection Bureau. A Summary of Your Rights Under the Fair Credit Reporting Act
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Consumer Financial Protection Bureau. How Do I Dispute an Error on My Credit Report?