What Credit Score is Needed for Dell Financing?

January 23rd, 2012 | Author:

There are times when many of us find ourselves needing, without the capital to purchase said item outright. Take, for example, the loss of a home computer. Most of us cannot live without our computers, but these are one of the more expensive items we buy for ourselves. Many people look towards financing options to help them make large purchases such as a new computer or laptop.

Dell is one of the top leading computer companies, providing high quality computers at affordable prices. Being able to build your own computer, as Dell also offers, is a very attractive options for some as well. Dell offers financing options for qualified applicants, but what does it take to qualify for a line of credit from Dell? You will need to know the minimum credit score for Dell financing as well as understanding the terms of the line of credit you might qualify for.

Dell’s Financing Basics

Dell offers 60-second approval for lines of credit, but it is important to know before you apply, as the number of rejected credit applications you have on your credit report can negatively impact your ability to qualify for future lines of credit. As with all lines of credit, your credit score for Dell financing is the most important factor as to whether you will be approved or denied a line of credit.

There are three main credit reporting bureaus, all with their own calculation methods. For Dell financing, your FICO (combined score) or Experian score are generally what is used to determine whether or not you qualify or not. Dell approves those with a range of credit scores, but those with lower scores will be given smaller lines of credit at higher interest rates. It is thought that a Dell card is best for those with higher credit scores, as there are great benefits for those with great credit, whereas there may be better options for those with poor credit.

A solid financial standing, with a FICO score of at least 656 is recommended in order to qualify for this line of credit, but scores lower than that have been approved in certain circumstances. Experian scores in the lower 600s have been approved, but the limits are lower and the maximum interest rates are charged. Those with mid-600s scores, and especially those with Experian scores of 700 or higher are more likely to qualify for Dell financing, and also obtain this line of credit at a decent interest rate.

Obtaining financing from Dell requires a solid financial standing and a fair credit score. Those who are on the lower end of the approved credit score spectrum are likely to be charged the higher interest rates and be given lower limits on their cards, but this is a great way to finance a large purchase, especially for those who have excellent credit. Dell offers great terms for those with exceptional credit, offering low interest rates, no annual fees, and more.

Newest Answers

Common Myths on Building Credit

October 21st, 2017 | Author:
h

If you are just starting out on your own, you may have a hard time getting credit cards or loans because of a lack of credit history. You must build credit to get access to the best credit cards and loans, but you can mess things up if you don’t know how to do it […]

Continue Reading »

3 Things to Do When You Know You Can’t Pay a Bill

October 20th, 2017 | Author:
h

One of the worst feelings you can have is when you have a bill coming due and no way to pay it. You have either spent all of the money or you have to spend it on something more important. You don’t want to have to deal with those phone calls from creditors because you […]

Continue Reading »

Why You Should Change the Due Dates on Your Bills

October 11th, 2017 | Author:
h

[Y]ou open up the credit card statement only to see another $30 late payment fee assessed. Ugh! You can’t believe you forgot to make a payment on time again. In between running the kids to daycare or school, meeting with clients and taking care of errands on the weekends, some things just get pushed aside. […]

Continue Reading »

Good and Bad Reasons to Have a Credit Card

October 10th, 2017 | Author:
h

[G]etting approved for a credit card is a sign of responsibility. It can give you freedom with your finances. For instance, you can book a hotel or buy airline tickets, which would be difficult without a card. You should know why you want a credit card and understand if those reasons are good or bad. […]

Continue Reading »

Should You Avoid All Debt?

October 6th, 2017 | Author:
h

You hear financial experts preach about getting out of debt. They tell you to cut up your credit cards and pay for everything with cash. While some people may need to follow this advice, you may wonder if it’s the case for everyone. Should you avoid ever having any kind of debt again? Not Avoidable […]

Continue Reading »

Why Fall is a Good Time to Learn to Save Money

October 2nd, 2017 | Author:
h

[T]he busy summer season is behind everyone, and the upcoming holiday season is a few weeks away yet. Now is the time to focus on goals you have set. One of the most important is saving money. Fall = Transition Time You are transitioning from the lazy days of summer, times when you spent a […]

Continue Reading »

How to Protect Your Identity at Home

September 27th, 2017 | Author:
h

[W]hen you hear about identity theft, you may think about all of the public computers in use as well as the credit card machines in stores. While these are all areas that are vulnerable to hackers and those who want to steal your identity, one of the most dangerous areas is at home. Why? Because […]

Continue Reading »