buying system from newegg/newegg "paypal credit".

[synario]

So newegg has a thing where if you spend more than 250 dollars than you can get approved for a paypal credit line which lets you supposedly pay it off within 6 months, with zero interest.

Anybody try this out for themselves? It almost seems too good to be true? are there pre-determined monthly payments or not?

i was literally about to put together a budget build for like 500 dollars. but this CHANGES everything. Now I can easily push it up to 800 dollars, if I spread it out over 6 months...

 

[smorizio]

i used it...there just signing people up for a deferred credit card account. make sure you pay the balance off as most credit cards are 20-30 percent interest now. and paypal card if you dont pay the balance off they get you for the interest from first month. it all there agreement letter on there web page. if you do use them the best way is set up electronic payment with your checking account. then send then max funds you can on the first payment then set up weekly payments till it payed off. 300 if you pay 20.00 a week you pay it off in 15 payments.

 

[JQB45]

Read the fine print, what are the penalties if you don't have it paid off in 6 months?

 

[smorizio]

he has to dress up as the serta 69 sheep.

 

[JQB45]

Haha, not the sheep!

 

[synario]

I'm still confused are there payments or not??

Aka, monthly payments??

 

[synario]

Ad is misleading and makes it sound like there are no monthly payments: "No payments no interest if payed in 6 month"

 

[smorizio]

if you dont pay anything in the free 6 months they hit you with back interest. it the same as a layaway plan..if they give you 12 weeks to pay for a layaway you can make weekly payment or one lump sum or three payment as long as the balance is paid in full by the time you pick up your items. what ever you do make sure you can pay off most of the build before the promo time end. if you do start looking intel skylake newer cpu drop first week in aug.

 

[JQB45]

Any idea on what you want to build for $800?