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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!!!

Paul4747 8 Jan 19
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4 comments

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0

0% APR sounds pretty good to me.

0

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

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.

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.

1

I have received more payday loan spam snail mail, automatic loan approvals, and credit card offers after my bankruptcy discharge than I did before I filed for bankruptcy. They just want you to stay in debt.

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