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PayPal credit question
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PayPal credit questionPosted:

GreenLantern
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Joined: Mar 20, 201113Year Member
Posts: 216
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Status: Offline
Joined: Mar 20, 201113Year Member
Posts: 216
Reputation Power: 8
So I know paying with credit is not very ideal for paying for things but its what I want. I just want to get things clear. PayPal credit (Bill Me Later) says no interest if paid within 6 months. So if I buy something for $600 I can pay $100 a month for 6 months and I wont be charge the 19.99% interest fee? It does not seem very clear to me. Can anyone shed some light on the subject for me. Please dont send me links. Id like someone to type it as clear as possible for me. Thanks -GL
#2. Posted:
KCRoyals
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Joined: Feb 23, 201014Year Member
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Status: Offline
Joined: Feb 23, 201014Year Member
Posts: 737
Reputation Power: 39
I wouldn't recommend using the PayPal Credit service. What seems to happen to an insane amount of people is that when you use this service, it actually opens up a line of credit with PayPal. After that, any purchases you make on PayPal pretty much get forwarded directly to your credit line rather than just paying it with a card or your PayPal balance. Since most people think that they paid it up front, they don't pay attention until a few months later they get an email saying they owe money plus interest. Also, using the service will lower your credit score for up to 6 months while you're paying it back. It's overall just not a good idea to use. If you just do a quick Google about Bill Me Later or PayPal Credit and look anywhere other than their own site you'll see that 99% of people really wish they hadn't used it. Sorry this was so long, hope it helped!
#3. Posted:
GreenLantern
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Status: Offline
Joined: Mar 20, 201113Year Member
Posts: 216
Reputation Power: 8
Status: Offline
Joined: Mar 20, 201113Year Member
Posts: 216
Reputation Power: 8
KCRoyals wrote I wouldn't recommend using the Bill Me Later service. What seems to happen to an insane amount of people is that when you use this service, it actually opens up a line of credit with PayPal. After that, any purchases you make on PayPal pretty much get forwarded directly to your credit line rather than just paying it with a card or your PayPal balance. Since most people think that they paid it up front, they don't pay attention until a few months later they get an email saying they owe money plus interest. Also, using the service will lower your credit score for up to 6 months while you're paying it back. It's overall just not a good idea to use. If you just do a quick Google about Bill Me Later and look anywhere other than their own site you'll see that 99% of people really wish they hadn't used it. Sorry this was so long, hope it helped!


THANK YOU SO MUCH! I gave +rep! Thanks so much. -GL
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