Anyone here get Dell financing with low 600 scores? Did you apply online? What about approvals / declines with prior BK7? Jamee
I applied online in February 2003 and got the Dell Preferred Account with a $1,500 credit line. I was discharged BK7 in October 2001. My score is in the 570s.
According to the fine print... Dell Preferred Account Credit Agreement (As of February 20, 2003) Standard Rates and Margin Margin: 23.74 percentage points Standard Daily Periodic Rate: 0.07668% Standard Corresponding ANNUAL PERCENTAGE RATE: 27.99% The Standard Corresponding ANNUAL PERCENTAGE RATE will not be less than 12.99%. Default Rates and Margin Default Margin: 25.74 percentage points Default Daily Periodic Rate: 0.08216% Default Corresponding ANNUAL PERCENTAGE RATE: 29.99% The Default Corresponding ANNUAL PERCENTAGE RATE will not be less than 16.99%.
In Feb. 2001 Dell pulled Experian and offered $5000 worth of credit. My score at that time was 675. The account is listed on my Equifax and Experian as Dell Financial Services. I hope this helps. By the way, if I had to do it over again, I WOULD NOT purchase from Dell as I have had nothing but problems with the computer and the customer service (technical support) is horrible. Sean
I have had Dell Computers...two in the past 10 years and havent had any major problems with them. My current system is two years old...just had to call tech support Thursday night because of a IE update that screwed with my OS...their TS was great...I was fixed and on my way in under an hour! Computers are just like cars...sometimes you get a lemon!
I got Dells financing CL $1500 with a a low 600 score about 6 months ago. The rate is horrible, 25.99%... but I have paid large chunks every month and almost have it paid off so the interest hasn't hurt me that much. I would say you will get approved with the scores you have, but be prepared for a high interest rate.
My husband applied online last night and got a message saying he needed to fax in copies of his DL, SS card and a utility bill to verify his identity??? When I applied I rec'd an instant denial so who knows? We don't need a computer right now...we were thinking of getting a 2nd one for the kids so they're not fighting over ours all the time lol.
I recently applied for an Apple computer loan. they are financed through MBNA. they gave me a message to call them, then requested I fax them credit card statements and utility bills, etc. I personally do not think one bank needs to see another of my banks credit card statements. I think they disguise that one as address verification, but a utility bill, lease, DL can do the same thing! Ultimately I am glad I didn't bother faxing them their documents. I would have ended up with a $3500 laptop at probably 27%+ interest! No thanks. Juniper bank just sent me a letter asking for a single utility bill to verify address to complete my application. I presume this more than likely means approval. If I want to get a laptop I will at least use a card like that with considerably less APR. The nore I think about it, computer loans and places like BestBuy, circuit city, etc just nail you to the wall in interest for electronics which tend to depreciate faster than new cars.
