After releasing It's All Good independently, Paper Chasin was Suga-T's major label debut as Sick Wid It Records had signed a distribution deal with Jive Records the year before. The album found success on the Billboard Top R&B/Hip-Hop Albums and Top Heatseekers, peaking at 28 and 13 respectively, but did not make a huge impact on the Billboard 200, only making it to 193. Nonetheless, Paper Chasin remains Suga-T's most successful album and to date is her only one to reach the Billboard 200.
Allmusic – "...Paper Chasin', is an improvement over the somewhat unformed It's All Good. Paper Chasin remains unfocused, but the multitude of hip-hop and R&B styles, as well as the bevy of guest stars, makes the record interesting. Suga T never manages to tie all of her loose ends together, but taken individually many of the songs are quite good."