Bill Me Later? Has Anyone Used It?

deathman20

High Speed Premium Senior

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Joined

Aug 5, 2002

• Dec 29, 2010

• #1

Curious if anyone has experience using this service? Thinking about using the service to help spread payments on an item over a few months but as well I could just purchase it outright just takes a little hit to the book is all.

Just seeing if anyones used it before.

 

Jmtyra

Member

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Joined

Aug 18, 2010

Location

Dallas/Fort-Worth

• Dec 30, 2010

• #2

Not I, but I've seen it all over the place. Sub'd, curious to see what others have to say...
Edit: Wonder what % rate they'd hit you for?

 

retrogreq

Member

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Joined

Nov 4, 2008

• Dec 30, 2010

• #3

Subscribed as well. I was thinking about using it to buy a nice big revo drive over the course of 3 months.

 

petteyg359

Likes Popcorn

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Joined

Jul 31, 2004

• Dec 30, 2010

• #4

I've used it twice. Both times, they were offering 10% off to use it, so I used it, and immediately paid it off.

 

Neuromancer

Member

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Joined

Oct 11, 2005

Location

Tau'ri

• Dec 30, 2010

• #5

It has been around for years. As long as your credit is decent you can do it.

 

Jmtyra

Member

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Joined

Aug 18, 2010

Location

Dallas/Fort-Worth

• Dec 30, 2010

• #6

petteyg359 said:

I've used it twice. Both times, they were offering 10% off to use it, so I used it, and immediately paid it off.

Click to expand...

Wow -- 10% off? Were they advertising that discount at checkout or once you applied or whatever?

 

petteyg359

Likes Popcorn

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Joined

Jul 31, 2004

• Dec 30, 2010

• #7

Jmtyra said:

Wow -- 10% off? Were they advertising that discount at checkout or once you applied or whatever?

Click to expand...

Checkout. Once each at NewEgg and Buy.com.

 

Jmtyra

Member

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Joined

Aug 18, 2010

Location

Dallas/Fort-Worth

• Dec 30, 2010

• #8

Hmmm -- good to know. Thanks!

 

madhatter256

Special Member

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Joined

Jul 5, 2008

Location

CFL

• Dec 30, 2010

• #9

deathman20 said:

Curious if anyone has experience using this service? Thinking about using the service to help spread payments on an item over a few months but as well I could just purchase it outright just takes a little hit to the book is all.

Just seeing if anyones used it before.

Click to expand...

It's like a store credit card - so the rates jack up after the grace period. To take advantage of the no-interest, etc. deals I'd advise you pay it off immediately.

 

Marshmallow64

Member

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Joined

Apr 27, 2009

Location

California

• Dec 30, 2010

• #10

^ Yup its just like a credit card, as long as you pay it off in a timely fashion you are fine.

 

A

Ashura

Member

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Joined

Oct 4, 2003

Location

NYC

• Dec 30, 2010

• #11

Been using it for years. It's great so long as you definitely pay it off within the interest-free time period.

 

McTimson

Member

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Joined

Dec 31, 2002

Location

Folding@Home in New York

• Dec 30, 2010

• #12

Signed up for it a few months ago for a newegg purchase. I paid it off within 2 weeks, I was just waiting for a paycheck to come in. If I didn't know that I was going to have the money soon, I wouldn't have done it, but it worked out alright. Like others have said, it's the same as a retail store credit card, it's great if you pay it off before the interest free period expires, but after that, you get hit with high interest rates. Bill me later is at 19.99% right now, I know a lot of stores run 25-30% interest rates. But I haven't had any problems with it.

 

drshivas

Sith Lord

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Joined

Jun 17, 2003

Location

Maryland, USA

• Dec 30, 2010

• #13

My only comment on this (not directed at the OP) is to consider the hit to your credit score by opening an account. On the flip-side, it may help your credit if you need to build or repair it— assuming you can get approved and use it responsibly.

 

SteveLord

Member

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Joined

Jan 19, 2005

• Jan 1, 2011

• #14

You need to hold accounts in good standing for years to get any kind of bump on your credit report.

 

OP

deathman20

High Speed Premium Senior

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Joined

Aug 5, 2002

• Jan 1, 2011

• Thread Starter
• #15

Even then thought they revamped the system a bit more, and having more accounts, with at least Active total credit value wasn't that a huge of a damper on credit ratings, it actually improved it ever so slowly.

Though overall great news I like the answers and I'll probably be doing it sometime this coming week. I'd pay it off quickly its not an issue of that, its I want it and don't want to drop the account down to far that I fell uncomfortable without touching my savings account.

 

Rattle

Member

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Joined

May 12, 2005

Location

Home... again

• Jan 1, 2011

• #16

I been using BML forever

Even walmart online lets you pay with BML then you can pick up at the store.

I just break the payment up evenly over the months allowed.

DONT BE LATE, INTEREST SUCKS.

Never had an issue myself with them.

 

stereo555

Overclocking is music to my soul

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Joined

Oct 14, 2001

• Jan 1, 2011

• #17

I always wanted to try Bill Me Later , more so at the Egg . Nice to know its a-ok .

 

Rattle

Member

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Joined

May 12, 2005

Location

Home... again

• Jan 1, 2011

• #18

yep BML is legit, mwave is the first place I used it.
Newegg
Tigerdirect
Walmart
Buy.com
Amazon

those are the ones I can thing of that I have used it with.

They are LEGIT.

 

jstutman

Member

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Joined

Oct 13, 2001

• Jan 4, 2011

• #19

Legit! Heck ya. I always use there 6 months at the egg.

P.S I have yet to be charged interest for anything

 

A

Ach3r0n

New Member

Joined

Dec 5, 2005

• Jan 8, 2011

• #20

They are legit but beware - they have a reputation for predatory lending and unethical business practices. They'll nail you to the wall if you default as well.