Paypal, you are world-class dicks. They wanted to "help" furloughed federal employees, so here's what they came up with (cut & paste directly from the email I received today):
"We understand that the current U.S. federal government shutdown may be impacting you and creating additional financial needs. During this time of uncertainty, we are offering a one-time 0% APR cash advance up to your available credit line for a maximum of $500 (with a minimum amount of $250) to PayPal Credit customers who are U.S. federal government employees."
In other words, out of sympathy for you, we're not going to let you skip any payments, but we will let you go $500 deeper into debt.
DICKS!!!
5
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
4 comments
Feel free to reply to any comment by clicking the "Reply" button.
this could be useful to people who have no other way to pay their mortgages or buy food. i think $500 would go farther toward a mortgage payment than skipping, say, a $20 monthly payment. not to mention it's interest-free, not at ALL like payday loans.
g
genessa
Level 8
Jan 20, 2019
0
I mean, couldn't you apply the $500 to PayPal payments yourself? At 0% APR (and provided it stays at 0%), it'd be like borrowing $500 from a friend and paying them back $500 when able.
FatherOfNyx
Level 7
Jan 20, 2019
0
They (I say "they", I'm not a federal employee, this was a general spam email) theoretically could; but more likely they need cash in hand to meet needs like groceries, gas, and what all. And a lot of the paypal credit deals are interest free in the first place. So they might apply a little bit to make a payment, but the rest is going to be debt.
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
Share this post
Categories
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.