Afternoon. I am in the market for a Seadoo and I had a few questions regarding a PWC loan. Seadoo utilizes Sheffield Fiancials and I did a quick search of myfico and I saw some talking about this lender listing as a "consumer finance account". The messages were dated so I am not sure how accurate they were, but is having a loan from this company considered a "consumer finance account" and if so is that impacted negatively in regard to FICO scoring?
The APR is 2.9% for 36 months . My FICO scores are 800+ accross the board, but with a PWC, I doubt I would be able to get this type of rate through a credit union. Anyone have any experience with these type of loans and how they are interuppted by FICO scoring? I would have to do something damaging, especially since a good acount would last 10 years on my report. Thanks in advance for any insight.
