Xanathos Posted October 24, 2004 Report Share Posted October 24, 2004 I went and applied with them early today, because I want a new printer/copier/scanner/photoprinter, and a flat screen monitor. Got approved for 5k...of which I'm gonna use less than 20% of, and pay off well before the interest kicks in next April.But I'm reading all these terms and what not, and it looks as though it's listed as a line of credit, and not an installment loan. Is this going to be getting reported to my bureau reports as a $5,000 revolving credit account, even after I pay the items off next March, or is it going to show on there as a loan where the limit/high balance is what I charge to the account?Basically what I'm asking is are there any of you out there who aren't currently giving these guys any money or who have never actually PURCHASED anything from them that have them showing as an open account on your report as what looks like a credit card with a 0 balance? Or am I reading it wrong?Pushing 775 on my scores...one decent tradeline might do it. Link to comment Share on other sites More sharing options...
TMoore Posted October 24, 2004 Report Share Posted October 24, 2004 Hi.I got my acct back in oct 2003. AT FIRST, it was high balance, revolving. But then they EVENTUALLY reported the true limit to all 3.I hope this helps.PS - their hard on EXP mysteriously disappeared about 4 months after I got the acct; that made me REALLY happy (since we are talking about EXP and their evil endless database). Link to comment Share on other sites More sharing options...
Xanathos Posted October 24, 2004 Author Report Share Posted October 24, 2004 Not quit ewhat I was looking for, but thank you though .Sounds like you purchased something immediately after being approved. I'm going to be waiting on the paperwork they send me outlining the terms before I place any orders, and even then, I'm so lazy I'll probably wait until December to actually buy anything. Am curious if they're going to show up as a $5k limit 0 balance tradeline on my reports in the interim. Link to comment Share on other sites More sharing options...
miracle Posted October 24, 2004 Report Share Posted October 24, 2004 Hey Xan- I applied about 6 months ago for a Dell card but have not yet purchased anything with it. It has not shown up on any of my CR's as of about a month ago. I have heard that it will not show up until you do charge on it, but that is about all I know. -Jenn Link to comment Share on other sites More sharing options...
credithelp Posted October 24, 2004 Report Share Posted October 24, 2004 I just paid off a dell account a few months ago. When i applied i was approved for $4000. I didnt need anywhere near that since i needed just a basic computer. I spent a little over $1600 for the price of the computer and kept the loan for 2 years(a little longer than i planned). My total with interest was probably a few hundred higher. They listed it on my reports as an unsecured installment account. The credit limit(high credit) has the 1600 amount listed.I know i didnt answer your question though. Not sure if they would report in the mean time.Actually the more i think about it, it probably wont show up until you actually purchase something but i could be wrong. Link to comment Share on other sites More sharing options...
MarvBear Posted October 28, 2004 Report Share Posted October 28, 2004 Xan, when I got mine, I was approved and did not immediately purchase. It did not show up untill I did buy something.I did not use the entire credit limit.It does report on all three CRA's for me the credit limit, high credit, and balance. It did not start reporting untill I made the initial purchase though.it is reporting as a revolving account. Link to comment Share on other sites More sharing options...
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