Another Interest Rate Increa

iVillage Member
Registered: 12-21-2004
Another Interest Rate Increa
3
Tue, 09-08-2009 - 8:36pm

Today in the mail I received my PayPal Buyer Credit statement - in the envelope was another one of those letters - it is in bigger writing just like my Wal-mart card was - and until today I didn't realize that Wal-mart and PayPal Buyer Credit are both through GE Money Bank.

iVillage Member
Registered: 08-02-1998
Tue, 09-08-2009 - 11:21pm

With the balance you have now, I calculated your interest will be about $8.15. Personally I would cancel the paypal unless there is a compelling reason that you need to be able to purchase online. If you don't have a balance on the Dell card the interest rate doesn't really matter until you have to use it, and by then you could have an emergency fund built up to use for a new computer. JMO

Sharon





iVillage Member
Registered: 09-10-2009
Thu, 09-10-2009 - 9:08pm
Whoa! 29 percent for a computer-it had better be one heck of a computer. Or that is how you earn your living. Now they are dropping in price like a rock. I bought a laptop two years ago at a rebate of $200 and the laptop was the floor model so extra savings there and it came to $400.00.
Plus, what is online that is so crucial? Nothing. I have a PalPal account for Amazon and ebay but have never bought anything from ebay just sell. But, the point is from your two posts, it sounds like you and DH are borrowing Peter to pay Paul sort of finances,so worrying about a future PC and online purchases is least of worries. Did you think of asking the bank (a friendly familiar face) about the letter? They can't get blood out of turnip and bank can see the financial picture. Nowadays, collection agencies buy up old debt and scare people into paying them something, so could be one of those companies using bank name as a ruse.
iVillage Member
Registered: 12-21-2004
Sat, 09-12-2009 - 8:57am
Thank you for responding to my posts.