The iphone7 I ordered will be my first Next phone, I prefer to just buy them outright and make my "payments" into savings towards the next phone. Only reason I went with Next this time was AT&T saying they'll cover the cost of a base model via credits. As I've no particularly reason to change carriers anytime soon, I'll let them pay for most of a new phone even though my ip6 is still working just fine.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
-20 point drop for iPhone credit check
- Thread starter Beau1K
- Start date
- Sort by reaction score
If it was such a BIG deal to you, you could have investigated it yourself instead of relying on this person and then being upset when they're wrong.
This is all right on Apple's website.
This is all right on Apple's website.
One reason to never finance a phone or at least do it through your carrier where the only credit check is when you first start service.
I agree with it not being a big deal since his score is pretty high, however, when you ask someone that does this all the time a question, he shouldn't have to do research. Granted, it would prevent this situation, but I would expect the correct answer just like he did.
As stated I was told there would be a credit check but it was a "soft" check which can be done to gain insight into ones credit history without pulling the full credit history.
It is more about the fact that I was given misinformation by the company from which I was purchasing a product at the company store more than anything else.
A FICO score above 760 is pass-fail. Higher scores don't get a better grade.
They sell phones...not FICO ratings. I highly doubt they know the first thing about how a FICO rating even works.
It may be beneficial for the OP to figure out what a hard and soft pull are. Anytime YOU are requesting credit, you'll get a hard pull... period.
You must of had other hard checks recently. My credit is in the same range as yours, and I never experienced a 20 point lose from just one hard check.
Was this for the regular financing option or through the IUP? If the latter, why are they pulling your credit so early?
I don't think that's 100% correct. I understand this to be at the lenders discretion and if I ask a question from a company rep I assume they are telling me the truth. This is what training is for right?
Additionally, when you secure a loan by placing a credit card on file and tie it to a wireless provider account one could assume that's enough to warrant not performing a hard inquiry.
[doublepost=1473649629][/doublepost]
U have to pay the tax immediately and I think the first months payment? I'd have to look but anyhow you have to pay immediately.
[doublepost=1473649769][/doublepost]
Yeah no crap that's why I posted the thread I was astonished!!!!
Again, was this with regular financing or the IUP? Because with the IUP don't they run your credit at the store when you pick up your phone?
Maybe it's different for people signing up to the IUP for the first time and those who are re-upping from last year?
My credit rating was/is under 700 and I got accepted for my phone and my wife's phone. Next time I'm probably going to avoid all this crap and just pay outright after saving up for awhile - a big "if" I can.
Yeah the hard pulls suck and before I signed up for the Apple Upgrade plan, forums were full of misinformation / people not sure and a lot of people unhappy about the hard pull. I went in hoping to get the Apple Upgrade Plan but was prepared to pay out of pocket if I had to (trading in 2 6+ phones @ $300 each helped).
I remember the first payment being a lot because it had tax + first month's payment. Going to do my best to keep my phone 2+ years (going to try 3!).
Yeah the hard pulls suck and before I signed up for the Apple Upgrade plan, forums were full of misinformation / people not sure and a lot of people unhappy about the hard pull. I went in hoping to get the Apple Upgrade Plan but was prepared to pay out of pocket if I had to (trading in 2 6+ phones @ $300 each helped).
I remember the first payment being a lot because it had tax + first month's payment. Going to do my best to keep my phone 2+ years (going to try 3!).
Last edited:
Another good reason to go through your carrier and not Apple. I didn't have to pay a dime upfront, no credit check and I qualify for a $33 a month service credit.
No sales tax where you are?
Typically on any of the carrier-financed stuff you're buying the phone, they're just financing it, and so sales tax on the full value is due up front.
At least that's how it is with AT&T, if the others are doing some other mechanism it'd be interesting to understand how they're deferring the sales tax.
I'd just be thrilled to have that high of a credit score, at that point screw a 20 point drop because I don't think it's really going to hurt you.
Being barely 25 and having obvious loans sucks when it comes to building your score up but that's life.
[doublepost=1473675460][/doublepost]
I had to pay tax on mine and I did the same thing, must be nice!
Being barely 25 and having obvious loans sucks when it comes to building your score up but that's life.
[doublepost=1473675460][/doublepost]
I had to pay tax on mine and I did the same thing, must be nice!
Interesting. At what point do they transfer title / ownership of the phone to you and charge the sales tax?
I placed two orders, different lines, same credit card. Anyone know if both Upgrade Program applications would get a hard hit, or only the first one? Thanks! Oh, and I placed them a day apart! Same online Apple account.
My credit score dropped 6 points only. There is no difference in real life after 720-740 when you apply for credit. I agree with you that they shouldn't hard pull credit.
Next year I better open some CC spend some money towards iphones, get 400-500 bonus dollars and close it. (like Chase Preffered , you spend 4000, get 500). If I buy 4 iPhones I would have 1/2 iPhone for free. I doubt I go with Apple Upgrade again if I need to pull my credit, I better get some cash instead.