Bill Me Later PayPal Bait and Switch Internet

I noticed Bill and Later while doing transactin on eBay and avoided it for a long time. However the offer for a first time transaction to provide an interest free one year term on a purchase was tempting. I've used this sort of offer at Home Depot. 

In this case I was looking forward to making a major purchase--a $9000 outboard motor.  My credit is good. However I wanted to qualify prior to making the purchase. After completing a long application process I was approved for a pitifully small $1210.  I immediately called to cancel my application. I was told I could make a purchase and they would raise my limit.  The interest rate on this account for normal purchases is an outrageous rate if 19.9%.  So what they really want is to finance part of a purchase for free and most of the amount would be at 20% interest.  The plan from the beginning is to screw the customer over with an insane interest rate. 

Worse, I cancelled my account and it still seems to be active. These people stole my personal information under false pretences and now leave me vulnerable to identity theft.  I am getting emails from them thanking me for signing up  when my account should be closed. 

These people are not honest, do not comprend the concept of fair business practices.