Got mine this moring about bill me later
@athan12 wrote:
Anybody got the email that Newegg Preferred Account Bill Me Later will be changed to Paypal Credit??
Does this mean that Bill me later will now report all the payments to all CRA just like any other credit cards??
I got the email for my BML account. I didn't read anything in it that made me think that they were now going to report to the CRAs. What did you read that made you think that?
@john398 wrote:
@chwebb1 wrote:
@athan12 wrote:
Anybody got the email that Newegg Preferred Account Bill Me Later will be changed to Paypal Credit??
Does this mean that Bill me later will now report all the payments to all CRA just like any other credit cards??I got the email for my BML account. I didn't read anything in it that made me think that they were now going to report to the CRAs. What did you read that made you think that?
I did not get the email, was this only for the Newegg Bill Me later?
I got it for my BML account. I don't have a Newegg Preferred Account.
@chwebb1 wrote:
@athan12 wrote:
Anybody got the email that Newegg Preferred Account Bill Me Later will be changed to Paypal Credit??
Does this mean that Bill me later will now report all the payments to all CRA just like any other credit cards??I got the email for my BML account. I didn't read anything in it that made me think that they were now going to report to the CRAs. What did you read that made you think that?
I concur. It looked like just a name change but no account changes and I take that to mean no account feature changes... we will see soon enough. Maybe it is re-branding so Ebay can follow the footsteps of GE and spin out their credit business if Sycrony is a success.
Current Score: EX 712 4/28/15, TU 713 4/14/14 lender pull, EQ 723 9/16/15, 740 EQ bankcard 8 6/1/15 lender pullJust in case anyone wanted to see the email that was sent:
@BillMeLater wrote:Bill Me Later: a PayPal service Comenity Capital Bank c/o Bill Me Later, Inc. PO Box 5018 Timonium, MD 21094 Brand Name Change As of August 1st, the Bill Me Later® product will be rebranded as PayPal Credit. This is purely a product name change, and has no impact on how your account will function. With this communication, you are being provided with a link to a copy of the new Terms and Conditions of the PayPal Credit Payment System (“Terms and Conditions”) and a Privacy Policy that reflects this change and some other changes described below. The link below will replace your existing Terms and Conditions and Privacy Policy effective August 12, 2014. Please read this communication and the linked documents carefully and keep them for your records. Important Changes to the Terms and Conditions To view a copy of your new Terms and Conditions and 2014 Privacy Policy, please click on the following link: https://www.securecheckout.billmelater.com/paycapture-content/fetch?hash=RDA2784A&content=/bmlweb/bm... Please note that there is no change to the annual percentage rate for your account. In addition to the brand name change, Comenity Capital Bank (the Lender for PayPal Credit accounts, referred to as “we” below) is making some changes to the Terms and Conditions. The following is a summary of key changes. Please note that there is no change to the annual percentage rate for your account. Part One: Fee Change Part Two: General Changes Part Three: Additional Disclosure Changes Part Four: Privacy Policy Part One We made one change that affects your pricing terms. We will no longer charge an Installment Purchase Transaction Fee. As a result: The Installment Purchase Transaction Fee was removed from the Important Disclosures box; and Subsection (a) of Section 10 “FEES” was deleted. Part Two The following general changes are applicable to multiple Sections: Any references to Bill Me Later were replaced with PayPal Credit. The term “Installments” was changed to “Easy Payments.” The Account Agreement part of the Terms and Conditions was reorganized and/or renumbered for greater clarity and simplicity. Other nonsubstantive changes were made throughout for greater clarity and readability. Part Three The following summary briefly describes some other changes that have been made to the Terms and Conditions. These changes are primarily intended to restate existing terms in a simpler and easier to read way. The changes have no impact on your pricing terms or the cost of credit. In Section 3 of the PayPal Credit E-sign Consent entitled “WHAT YOU WILL NEED,” we updated the current web browser requirements to be: A current web browser that includes 128-bit encryption (e.g., Internet Explorer version 6.0 and above, Firefox version 2.0 and above, Chrome version 3.0 and above, or Safari 3.0 and above) with cookies enabled. New Section 3 “TYPES OF PURCHASES AND TRANSACTIONS” combines information previously in Sections 1 “DEFINITIONS,” 4 “HOW YOU CAN USE THIS ACCOUNT,” and 11 “MINIMUM PAYMENT DUE,” and provides one location to view important information about Standard Purchases, Cash Advances, and Promotional Purchases for greater readability. In new Section 23 “COMMUNICATIONS BETWEEN YOU AND US” (formerly Section 25), the provisions relating to consent to communications were deleted and replaced with the following for greater clarity and specificity: b. Consent to Communications. We and/or Bill Me Later, Inc. may use any means of communication to contact you for any lawful purpose (including debt collection and/or marketing). Such means of communication may include, but are not limited to, postal mail, telephone, email, text message, or other technology, even if you are charged for the contact. You are responsible for any charges for contacting you that may be billed to you by our or Bill Me Later, Inc.’s communications carrier. We and/or Bill Me Later, Inc. may contact you at any address (including any email or text message address) or telephone number (including any cellular telephone number or landline number that is later ported to a cellular telephone) that you give us or from which you call us or that we have collected for you as authorized and described in the PayPal Credit Privacy Policy, including telephone numbers you have provided us and/or Bill Me Later, Inc., or that we and/or Bill Me Later, Inc. have obtained from third parties or collected by our own efforts. We and/or Bill Me Later, Inc. may contact you using an automatic dialing and/or announcing device that may play prerecorded messages and may also contact you via text messages. You agree to receive such calls and text messages. No contact from us and/or Bill Me Later, Inc. will be deemed unsolicited. You may contact our and/or Bill Me Later, Inc.’s customer service department to ask that we not contact you by using any one or more particular methods or technologies. In new Section 25 “AGREEMENT TO ARBITRATE” (formerly Section 27), the second paragraph of subsection (e) was deleted and replaced with the following for greater clarity and specificity: The arbitrator is bound by the terms of the Account Agreement. All issues are for the arbitrator to decide, including those pertaining to the interpretation, applicability, enforceability or formation of the Account Agreement or the Agreement to Arbitrate. The arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to resolve any dispute arising out of or relating to the interpretation, applicability, enforceability or formation of this Agreement to Arbitrate, any part of it, or of the Account Agreement including, but not limited to, any Claim that all or any part of the Agreement to Arbitrate or Account Agreement is void or voidable. Part Four Please refer to the above link for the Privacy Policy that applies to your PayPal Credit Account. Please note that you have elected to receive important disclosures and other information relating to your account electronically. As such, all future communications and disclosures for your account, including changes in terms, will be provided to you electronically using the email address we have on file for you. If you would like to withdraw your consent to receive electronic disclosures and other information, or update the email address associated with your account, you may log in at https://www.billmelater.com, or you can contact us at: Bill Me Later, Inc., P.O. Box 5138, Timonium, MD 21094.
