has anyone had experience with bill me later. i want to buy a $600 computer and it said pay $16.50 a month with bill me later. can i pay more than the set limit cause i can pay more then 16.50 just not 600 at once? and yes my credit is good.
Bill Me Later
Yes, you should be able to pay just about anything you want a month.
"Bill me later" means you could pay a sum in many small pieces, or that you could pay in small pieces starting next year?
I know some IT/electronic shops allow you to start paying after a year.
What you're saying is a bit odd, because in you'll pay for 3 years 16.50$ * 36(months) = 594$
Usually you pay at least 20% more than if you would pay directly.
To answer your question: I tried to pay half the sum, and the bank didn't quite like it: it raised the monthly fee with a few %.
I know some IT/electronic shops allow you to start paying after a year.
What you're saying is a bit odd, because in you'll pay for 3 years 16.50$ * 36(months) = 594$
Usually you pay at least 20% more than if you would pay directly.
To answer your question: I tried to pay half the sum, and the bank didn't quite like it: it raised the monthly fee with a few %.
My advice would be to check the fine print. Sometimes these offers come with a factored in interest rate and when you pay more at a time or pay it off early there might be what they call a (I think) pre-payment penalty.
Just something to double check on.
Chad
Just something to double check on.
Chad
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