B4U
macrumors 601
You don't have to do it every year.
I just had mine pulled last year for the iPhone X and I am still above 820.
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Apple Offering Pre-Approval for iPhone Upgrade Program in Apple Store App
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I just had mine pulled last year for the iPhone X and I am still above 820.
Was considering using this program, but I’ll pass and just continue to pay in full and sell the old model.
It’s not. Trust me. I monitor my credit all the time.
I was able to qualify successfully, AT&T plan user here. Did anyone try to check ability to upgrade in Apple.com? Because we’re only at 11 months, I got the message that I was eligible but had to pay one more payment. Seems reasonable I suppose, but I was kinda expecting a waiver thanks to the delayed release of the X last year. Oh well.
H.E. Pennypacker
macrumors 6502a
So do I. I won’t try to convince you but in my experience the last 2 years it’s been a hard pull and my credit is above 800
Are you able to make the first 12 months of payments sooner? Like the ability to pay off a years worth of payment inside of 3 months.
H.E. Pennypacker
macrumors 6502a
Can anyone tell me if I’m on the Verizon upgrade program can I do this or is this purely for iPhone upgrade users? I tried calling Verizon and they said I cannot pay early until I upgrade which my assumption will be at pre order.
That’s fine. I wasn’t the one trying to definitively say the entire world does or doesn’t have something happen to them. I was saying I haven’t had hard pulls, which clearly means that not everyone gets a hard pull every time. There are also plenty of people on the forums and elsewhere online that also say they don’t get a hard pull. Citizens One has fine print somewhere that even says they can use only your current account standing as grounds for approval.
A single hard pull has a very small effect on your credit score and adding more data points such as paying off the IUP loan each year and on time each month, will probably increase your score in the long run.
Unless you are actively seeking a mortgage this is indeed anal lol.
H.E. Pennypacker
macrumors 6502a
Here’s the thing. I am seeking a mortgage within the next few months which is why i don’t want my credit pulled for a phone I can pay cash for, but I’m all for interest free.
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It most certainly is not a hard pull. As for credit score whores with credit above 800, that doesn’t always mean its as valuable as someone with a score of 730 or so but with multiple accounts paid, on time, and with a longer history. Lots of teenagers and young 20s have high credit scores bc no history, etc. but its not as ‘good’ a score as the aforementioned example. Maybe that’s a reason you’re getting hard pulls?
ThunderSkunk
macrumors 601
I have no idea what all this talk of tugging on hard things is all about, but it sounds like I’ve been missing out on some killer features.
H.E. Pennypacker
macrumors 6502a
Decades of on time payments perfect history ideal % of credit cards and all balances paid off and FICO scores at the top, no I don’t think my lack of credit or history is my issue, surly I can’t be the only one with this experience.
gigapocket1
macrumors 68030
Crap. Just noticed I have a hard pull.. luckily I won’t be buying a house until 2020... credit score of 780.. I ain’t worried.
H.E. Pennypacker
macrumors 6502a
gigapocket1
macrumors 68030
Yeah. It was a hard pull last year. But I have two devices on iPhone upgrade program. Done 1 month apart. Only have 1 showing on my report. Hoping that this one was a soft pull
slippery-pete
macrumors 68030
I only had a hard pull the first year, nothing since. Even looked at my credit monitoring service after getting preapproved. No hard pull.
Actually I’m only wanting to pay off months 7-12. In the 7 month, pay 7-12 and have no payments till the 13th month. Is that possible?
travoose
macrumors regular
I called Citizens One last week to make my last payment and they put the payment on my iPhone Upgrade Program loan from two years ago. Took me until today to figure out that little mess. So they refunded me the payment, but now I still owe one month on it and it won’t post by tomorrow before preordering. Hopefully I can make the last payment as I complete the checkout via the Apple Store app.
riverfreak
macrumors 68000
All it takes is a single surly creditor (say, a hospital) to kick your years of history down the road. Credit scores are extremely fickle things. The best thing is to not have to rely on them at all.
OldSchoolMacGuy
Suspended
If you do it through Apple you get AppleCare included (though they charge a little bit more so it kind of all evens out).
If you do it through Apple, you get an unlocked phone. So if you travel to another country you can use another SIM without having to deal with getting AT&T to unlock it (which usually takes several days and a paid of a submission process). Though I suppose this doesn't matter as much anymore with the new dual-SIM setup. But if you stick it out through the 24 months and the phone becomes yours, it'll sell for more unlocked than if it was tied to AT&T.
vipergts2207
Suspended
No credit is not the same thing as good credit, or even bad credit. It’s a blank slate. I’d love to see a teenager with a credit score (an actual FICO, not a FAKO that goes into the 900’s) in the 700’s because that’s highly unlikely. And all things being equal, a higher credit score is better. Which ignores that these things are correlated anyway. A credit report with multiple accounts paid, on time, and with a longer history is likely to be in the upper 700’s or into the 800’s anyway, not in the 730’s. If you do all those things but are over leveraging your credit by running credit card balances that are 20%+ of their limits, yeah you will drop down on your score.