Hello, I'm new to installment payments/easy payment with paypal. There's something I wish to purchase and it has the option of paying the price of the item over a period of 12 months or 24 months. My question is if I choose one of those options, do I need enough credit for the full purchase or just the monthly payments (For example, if I purchase something for $4000 and the plan lets me pay $200 a month, when I purchase the item do I need to have a credit line of at least $4000 at the time?)? Also, by using easy payments/monthly payments over a spread of time, how is my credit score being affected?
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