BML and credit reports

[MikelA50]

Hi, all,

Names Mikel.  I'm new here and considering applying for Bill Me Later.  Does applying for or using BML affect my credit reports?  What is the Community's concesus on the BML service?  Are there any hidden gotcha's I should watch out for?

Regards, Mikel

[MikelA50]

The defining silence is all the info I need.  BML must have serious issues(security, buggy code, clunky interface, poor customer support, or a minuscule user-base.  I'll just avoid joining and stick with plain ol' PP.

[PayPal_Frank]

Hi MikeIA50,

Of course I'm biased but I think Bill Me Later works great.  To answer your question about credit reports:

From the Bill Me Later terms and conditions:

"24. CREDIT INVESTIGATION AND REPORTING. I authorize you to make or have made any credit, employment and investigative inquiries you deem appropriate related to this Account and the collection of amounts owed on this Account. I agree that you have the right to obtain a credit report in connection with your review of my application for this Account and for an increase in the Credit Line and occasionally and routinely, during the term of this Account, as you deem reasonably necessary to maintain and collect this Account. I authorize you to answer any questions about your experience with me related to this Account and to report that experience to credit reporting agencies."

I hope this helps! 🙂

- Frank