DVC financing affect FICO score?

[wingkng]

I had read somewhere that DVC financing does not affect your credit rating. Is that true? Has anyone verified that at all?

 

[Doug7856]

The loan does not appear on a credit report; however, the credit check does appear and will have an impact on your FICO score.

 

[PaulaMurf]

unless you have had late payments.

Just as a side note.

Paula

 

[bounceliketigger]

Correct! I spoke with Quality Assurance this morning after having received my documents yesterday. They do an "inquiry" prior to approving the credit, but then do not report thereafter. No mortgage, credit, etc. will appear on the report & therefore will not affect your score or your debt to income ratio!

 

[Brer_Mike]

i had just turned 18 when i bought my dvc, so when i was purchasing i did not even have a credit record besides my best buy card and they approved me all on my own...they told me they use it as a reference more less

 

[cobbler]

I am having brain fade at the moment, how long does an inquiry show up on your credit report?

 

[bullpup12564]

cycles off after 12 months

 

[Rence]

Technically if you are taking out a loan and they ask you to list all your debt obligations, you should list your DVC loan. Depending on the loan (ie especially with mortgages) you are signing something saying that you have fully disclosed all your debts etc.

It is not reported to credit bureaus (unless you are delinquent) so the only way they could find out is if you told them about it.