Bill Me Later SP?

[shane82388]

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@navigatethis12 wrote:

As others said, it is a hard pull. A hard pull can be performed without any numbers of a social at all. I am unsure as to why they only ask for the last four, though.

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Probalby just so random people cant open an account without some sort of security question... example: last 4 of your social.

[Shellie]

I called the Bill Me Later # and they told me that this WAS a HP.  And they do NOT report.

To get a CLI you have to try to make a purchase for over the amount and it will either approve or deny and then you will get an email with the appropriate information.

[shane82388]

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@Shellie wrote:

I called the Bill Me Later # and they told me that this WAS a HP.  And they do NOT report.

To get a CLI you have to try to make a purchase for over the amount and it will either approve or deny and then you will get an email with the appropriate information.

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Yep, all true. Its an awesome account to have. The upside to them not approving your attempt to increase your credit limit is that they will give you your FICO in the denial email too! Althought it appears its not always the latest and greatest...but sometimes its current.

[Shellie]

I haven't attempted for an increase.  I just opened the account today.  I know everyone is thrilled that you can keep it maxed and it doesn't hurt you but I'm not thrilled that I took a HP for a credit line that won't help build my credit.

[Shellie]

Do you know which CRA the fico score is?  I haven't paid for any of the other scores on here.

[shane82388]

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@Shellie wrote:

I haven't attempted for an increase.  I just opened the account today.  I know everyone is thrilled that you can keep it maxed and it doesn't hurt you but I'm not thrilled that I took a HP for a credit line that won't help build my credit.

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I'm sure there will be a time when you want to buy a new TV, set of tires, plane tickets to some far flung locale...etc..and you can pay it off over time without it hurting your scores...so in a way, it will help you build your credit by not allowing high balances to knock it down...

[shane82388]

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@shane82388 wrote:

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@Shellie wrote:

I haven't attempted for an increase.  I just opened the account today.  I know everyone is thrilled that you can keep it maxed and it doesn't hurt you but I'm not thrilled that I took a HP for a credit line that won't help build my credit.

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I'm sure there will be a time when you want to buy a new TV, set of tires, plane tickets to some far flung locale...etc..and you can pay it off over time without it hurting your scores...so in a way, it will help you build your credit by not allowing high balances to knock it down...

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+ at 0% interest rate.

[SunriseEarth]

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@Shellie wrote:

I haven't attempted for an increase.  I just opened the account today.  I know everyone is thrilled that you can keep it maxed and it doesn't hurt you but I'm not thrilled that I took a HP for a credit line that won't help build my credit.

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Well, every TL has its purpose.  And, yes, the main purpose of a hidden TL would be to help finance a major purchase that you don't want tying up your other TLs or dragging down your UTIL.  Or you could treat it like any other charge card, in that it gives you a window to PIF.  Also, as the TL is run by Comenity, it might help your credit relationship with them, as well.  

[Shellie]

Good point about building the relationship with comenity.