I just got a Gateway, in November, I advise against it, probably because i hate a laptop mouse! Anyway, I was offered 27.99% or same as cash 90 days, I chose the last. NO WAY will ANYONE EVER make 28% interest on me! BTW, the reps are rude, c/s is clueless. BTW I think these accounts HURT you more than they help. My score dropped dramatically when I opened it, and my score was still low when I paid it off. I am 200% positive it will rise quite a bit once it shows closed. Then again maybe it won't.
A co-worker got a 0 interest deal on a dell (I think 3 months) , I know she applied online, got approved instantly. Not sure about go to APR. She doesnt have derogs, about 5 positive tradelines.
Just a thought.... If I were to pay this off in 6 months or less, would the fact that it would show as a paid off/closed account be a positive factor gaining me points? Or do I need to let it age 12 months to get ANY positive out of it? This is assuming I can get it to report.
Put it you this way, I had my Speigel card for almost 2 years and i never used it. When I closed it my score went UP 15 points. I think specialty cards hurt your scores somehow.
Sorry I was looking for something else and I came across this. Dude, I got a Dell in Oct 2001, $5,000 limit, pulled Experian, REPORTING TO EXPERIAN, yes Cit Online Bank, interest rate sucks, 21%. Dell reports to my Experian as of 10/01 as Dell Financial SVCS/CI Under Installment Accounts Unsecured High Balance is the total amount of the loan with interest. With Balance and Limit listed as total computer cost. I just sent to a copy of my Dell statement, and a copy of the page of my 3-1 showing that Experian is reporting it to Equifax and TransUnion. With a pretty please add this account. ;~) I'l know at the end of the month if Equisux and TU add it.
