Thoughts on Bill Me Later service?

[trama09]

What are your thoughts and experiences with the Bill Me Later services on Newegg?

[samuelohagan]

If you can't afford it don't buy it.

[trama09]

If you can't afford it don't buy it.

Mmmm too helpful. 

[TheProfosist]

Its fine as long as you know youll have enough to pay x amount a month or pay it off before the time is up. Also if yo udont pay it off the interest in 20% of the original total.

[trama09]

Its fine as long as you know youll have enough to pay x amount a month or pay it off before the time is up. Also if yo udont pay it off the interest in 20% of the original total.

That's what I figured. I read through all the fine print and wanted to make sure there were no surprises. Do you know if there's is an initial fee or anything like that? Or do I have to pay X amount a month or can I pay $0 one month, and 1/3 of the total (2 out of 6 months) the following month?

[TheProfosist]

That's what I figured. I read through all the fine print and wanted to make sure there were no surprises. Do you know if there's is an initial fee or anything like that? Or do I have to pay X amount a month or can I pay $0 one month, and 1/3 of the total (2 out of 6 months) the following month?

no initial fee and no monthly minimum just make sure you pay it off before the financing it up so yo udont get socked with that 20% interest. I would pay per month if you can and play to pay it off a month before its due just to give you a bit of leeway.

[trama09]

no initial fee and no monthly minimum just make sure you pay it off before the financing it up so yo udont get socked with that 20% interest. I would pay per month if you can and play to pay it off a month before its due just to give you a bit of leeway.

Awesome! Thank you so much! 

[TheProfosist]

Awesome! Thank you so much!

np

[Mooshi]

Do a quick search, the overwhelming majority of feedback from people who used the service say to steer clear. From shady business practices to damaging your credit..I wouldn't risk the nightmare. If you want something, get the money for it. Plain and simple. Save up if you must.

 

http://www.consumeraffairs.com/credit_cards/bill_me_later.html

 

Do yourself a favor and don't sign up to this.

[trama09]

Do a quick search, the overwhelming majority of feedback from people who used the service say to steer clear. From shady business practices to damaging your credit..I wouldn't risk the nightmare. If you want something, get the money for it. Plain and simple. Save up if you must.

 

http://www.consumeraffairs.com/credit_cards/bill_me_later.html

 

Do yourself a favor and don't sign up to this.

I saw that. And I also saw this: http://forums.evga.com/tm.aspx?m=804484

I plan to pay it off in less than 3 months, so I can't imagine any problems arising. I know people will say to just wait 3 months and to save up. But I kinda need it now.... Not because I am inpatient, but for business (and personal) reasons.

[Askew]

It's owned by PayPal.

[EFD307]

I've used it a bunch of times, the only thing you should know is that the only way to pay back a bill me later bill is by connecting your bank account to it. you cant pay back using a credit/debit card.

[Mooshi]

I've used it a bunch of times, the only thing you should know is that the only way to pay back a bill me later bill is by connecting your bank account to it. you cant pay back using a credit/debit card.

 

That makes no sense what-so-ever. Debit cards are bank cards to get /your/ money out of /your/ checking account. I don't even..I can not fathom how this makes logical sense. You have to connect your bank account, but you can't use your money from your bank account...wat. Unless it's set up to take money out of your checkings account directly without you using your debit card, but then that seems shady to take money out of your account instead of you paying off manually.

[TheProfosist]

Do a quick search, the overwhelming majority of feedback from people who used the service say to steer clear. From shady business practices to damaging your credit..I wouldn't risk the nightmare. If you want something, get the money for it. Plain and simple. Save up if you must.

 

http://www.consumeraffairs.com/credit_cards/bill_me_later.html

 

Do yourself a favor and don't sign up to this.

idk about shady business practices but ive used it before and never encountered anythin that wasnt my fault. and yes it would damage your credit anytime you finance something and fail to pay it off. Sometime you need or want something now and have a steady flow of income. I see no reason not to use it as long as you pay it off before it finishes and you gain all that interest.

It's owned by PayPal.

correct

I've used it a bunch of times, the only thing you should know is that the only way to pay back a bill me later bill is by connecting your bank account to it. you cant pay back using a credit/debit card.

That makes no sense what-so-ever. Debit cards are bank cards to get /your/ money out of /your/ checking account. I don't even..I can not fathom how this makes logical sense. You have to connect your bank account, but you can't use your money from your bank account...wat. Unless it's set up to take money out of your checkings account directly without you using your debit card, but then that seems shady to take money out of your account instead of you paying off manually.

you can also pay with paypal if you want but yes what would you pay credit using credit and though depit card are linked directly to your bank they are still treated as credit cards but without any of the real safty of "credit". @Mooshi you still pay manulally it just pulls directly from you checking or savings prior to digital banking you would have sent in a check via mail. i would consider this method better.