Does using Bill Me Later hurt your credit score?

Collectordragon

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I'd like to take advantage of the current $10 off for the first time you use Bill Me Later on eBay. Does it effect your credit score in any way? If it does $10 off doesn't seem worth it.
 
If you've never used it before, it is setting up a credit account and requires a soft pull against your credit score.

Unless you have a bad credit score, or have lots of open accounts, it shouldn't be an issue.
 
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