Just bought a 1530 with dell financing

Hey I just ordered my XPS 1530 yesterday using Dell financing. After having them approve me, deny me 10 minutes later, then reapprove me, I finally got all checked out and my order was in production an hour later. When I go to Dell Financial Services website, it says that I have $3,641 left in my account out of $5,000. But it says my next payment is due 01/01/2001...is something up with this? Also, can I just send a payment now and it will credit my account, or do I have to wait a couple days for them to activate it or something?

 

If it says 1/1/2001, I assume that's a temporary glitch, but if it doesn't clear up, you might want to check in with them - you can give them a call and they should be able to clarify the situation.

You shouldn't have any payment due that soon though anyway (i.e. 1/1/2008). The due date for the first payment would most likely be at least 30 days from now.

You could probably make a payment now though and your account would be credited.

 

2001 that is an error , I wouldn't worry about it . you can fix it later if it doesn't fix it self.
and no don't send any money yet. you are not chareged yet. the first charge will come after shipping .
also wait to make sure your system is ok, otherwise you will have to send it back and then it will be a big mess.. if you get the 12 months no interest ... then no worry you can make payment any time... like I said make sure your computer is ok first.

 

Just to be clear, with 12 months no interest, you still need to make payments on time, right?

That is, it isn't a no interest no payments for 12 months deal.

-Zadillo

 

yes only the minimum amount though not 00000$ / 12 .
but then if you pay the whole amount within 12 months they can not charge you any extra...

 

Their online payments are done through myfreecheck.com. Once you sign up with them and submit any payment, it will take 2 days for your payment to be processed and completed.

I think it's too early for you to submit a payment. However, you can submit a small payment if you want.

 

Yes. To keep your 12 months no interest, you must make all min payments on time, ect...

 

they will send an invoice for you every month, with minumum payment like 15$...

in my case I will divide the amount with 12 and make 12 payments... If you have 1 $ left after 1-1-09 you will pay interest on the whole thing until you pay that 1$... this is how they get you.. It's like a contract if you don't finish in this date then the no interest for 12 months is VOID...

 

Yeah and all the months you didn't pay interest on accrue so you get a huge bill. I will have it all payed off within the next month and a half. Gonna put down $900 to start then $100 every week

 

You also need to pay attention to the monthly due date. Don't know how Dell is, but sometimes you receive the monthly statement fairly close to the payment due date. Gotta fire off payment as soon as you receive the statement. You could also forego that route and access your account here...

www.dellfinancialservices.com


Like it was mentioned, if you're late on just 1 payment, you're responsible for the accrued interest and the remainder may be subject to the default APR, which is always astronomical. They also have the right to report this to the credit bureau, which could affect your credit rating as well as current APR's on any credit cards you may have.

If you're on a budget, I'd take the total and divide by 11 and make that payment every month. I'd pay a little more just to ensure there would be no carry over to the 12th month. Shouldn't matter if you do your math right, but better to be safe than sorry. You can always dispute any changes to your total anyway.