Does the iPhone Upgrade program require a credit pull *each year* ?
In another topic someone mentioned that if you are in the iPhone Upgrade program, your credit rating is pulled each year.
Can anyone verify that
1) It's a "hard pull" i.e., the kind that hurts your credit rating?
2) The credit pull is done each year?
I understand the need to do an initial credit score pull. But not every year.
ex: I technically "lease" my Satellite TV equipment from DirecTV.
But when upgraded it this year (2 new boxes + new satellite), they did not do a new credit pull.
I was planning on signing up for the iPhone upgrade program. But my credit rating is excellent (~805) and I want to keep it that way. If I move and get a new mortgage or stay put and refinance, get a car loan, or a new credit card in the next year, multiple credit pulls in 1 year has always decreased my score.
In another topic someone mentioned that if you are in the iPhone Upgrade program, your credit rating is pulled each year.
Can anyone verify that
1) It's a "hard pull" i.e., the kind that hurts your credit rating?
2) The credit pull is done each year?
I understand the need to do an initial credit score pull. But not every year.
ex: I technically "lease" my Satellite TV equipment from DirecTV.
But when upgraded it this year (2 new boxes + new satellite), they did not do a new credit pull.
I was planning on signing up for the iPhone upgrade program. But my credit rating is excellent (~805) and I want to keep it that way. If I move and get a new mortgage or stay put and refinance, get a car loan, or a new credit card in the next year, multiple credit pulls in 1 year has always decreased my score.
