Now that Bill Me Later is going to merge with Paypal,

[tavalon]

will they be reporting to the agencies? I know that BML didn't and that annoyed me as it's a fairly long historied revolving account with a perfect payment history. I read the new agreement (I really did) and can't find anything.

Anybody know anything more on this?

[takeshi74]

This is from the email I received:

This is purely a product name change, and has no impact on how your account will function.

---

@tavalon wrote:

will they be reporting to the agencies? I know that BML didn't and that annoyed me as it's a fairly long historied revolving account with a perfect payment history.

---

There are two edges to that blade.  The other is that you can use it with no impact on your utilization.  If you want TL's that report there are countless options to choose from.

[d170]

I hope not. This is where I "hide my spending" even though I usually take advantage of the zero interest, I don't want that reporting. I might call tomorrow to find out. 

[MadTechnologist]

I sure hope not, as I really want a BML account and a NewEgg Preferred Account since both are hidden TLs. I love buying new tech and being able to do so at 0% APR with the option to pay over time is a godsend! But, as you can see from my siggy, I need some time to let my CS rise so I have a favorable chance at getting these. 

[Blackbeauty212]

With the way BML functions, encouraging people to spend over their Limit to get CLIs. I don't think they can "just start reporting" to CRAs without their whole business model going up in Smoke and needing reworked. Let's be honest the only reasons BML is even a viable alterative to other methods are: 

- 6mos No Interest No Payments Financing.

- No Impact on UTL.

Without these incentives I see a lot of people shutting down their BML accounts. I know I would be one.  I have routed a lot of Big Ticket Item purchases through BML vs. using a Card for these features alone.  

[MadTechnologist]

---

@Blackbeauty212 wrote:

With the way BML functions, encouraging people to spend over their Limit to get CLIs. I don't think they can "just start reporting" to CRAs without their whole business model going up in Smoke and needing reworked. Let's be honest the only reasons BML is even a viable alterative to other methods are: 

- 6mos No Interest No Payments Financing.

- No Impact on UTL.

Without these incentives I see a lot of people shutting down their BML accounts. I know I would be one.  I have routed a lot of Big Ticket Item purchases through BML vs. using a Card for these features alone.  

---

---

@Blackbeauty212 wrote:

With the way BML functions, encouraging people to spend over their Limit to get CLIs. I don't think they can "just start reporting" to CRAs without their whole business model going up in Smoke and needing reworked. Let's be honest the only reasons BML is even a viable alterative to other methods are: 

- 6mos No Interest No Payments Financing.

- No Impact on UTL.

Without these incentives I see a lot of people shutting down their BML accounts. I know I would be one.  I have routed a lot of Big Ticket Item purchases through BML vs. using a Card for these features alone.  

---

That is precisely why I want BML, as is with most people. I hope they realize this fact and don't do anything drastic or foolish. But I'm not really worried about it. I just can't wait until I get 1!

[d170]

Which new egg loan are you looking at btw? I thought the majority reported?

[takeshi74]

---

@MadTechnologist wrote:

I need some time to let my CS rise so I have a favorable chance at getting these. 

---

BML is easy to qualify for.  You might just start out with a low limit.

---

@d170 wrote:

Which new egg loan are you looking at btw?

---

A New Egg Preferred account is not a loan.  It's like Bill Me Later (and is, in fact, run by Bill Me Later):

http://promotions.newegg.com/Newegg/PA110708/

[tavalon]

I didn't think it through. I have plenty of cards reporting to the CUs and I love the pay it later with no interest feature.

Tav

[Anonymous]

New paypal bill me later is reporting on my CRs