So if I fail the credit check, what amount will I be expected to deposit?
It seems like i've heard $500...but thats...a lot!
It seems like i've heard $500...but thats...a lot!
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AT&T Deposit w/ Failed Credit Check - $ Amount?
- Thread starter Freedomflyer
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Its refundable if you pay your bill so as long as you have the dough its not a big deal. I think after 6months they deduct some of it off each monthly bill you would have to pay and its gone by the end of the normal 2 year period.
It can be between 200-1000. I paid 200 when I was younger, but I didnt have any credit. Just go to an ATT store, give them your info and they can tell you ahead of time what it will be.
SFStateStudent
macrumors 604
Yep, I have a feeling it's going to be rather high. It's a sad state of affairs when you have to get a cosigner for a cell phone.🙁 I wish all of you good luck! AT&T and all those big carriers must really want their money...🙁
If money is that tight and your credit that bad then why are you getting such an expensive phone with such a high monthly cost?
lol, well duh.
If you can't manage your money why should they risk you walking away with a $600 phone for $200 plus all the start up costs they have to pay. =p
DreamPod
macrumors 65816
That's not what they are worried about, what they are worried about is someone racking up 10,000 minutes in a month and then not paying it. Which I think is dumb, since they could, you know, just say "OK, this guy has a bad credit score, let's cut off his service completely when he reaches the end of his allocated minutes".
And having a bad credit score doesn't necessarily mean you can't manage your money. 9 years ago I had a year with no/very little income. Of course in that year I racked up huge debts, it's how I survived. After that year I finally got my job, and it was a nice, high-paying one. As I worked over the years I paid of my debts, but I still had a crappy credit score. Even now after those debts are gone from my credit reports, my credit *score* is still considered a bit low - the debts by law disappear from your credit reports after a certain amount of time (7 years in my state), but there are no laws saying the credit score has to take that into account.