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Declined for Apple upgrade program?

S

SPX

macrumors member
Original poster
Jul 10, 2008
76
22
I noticed one of the conditions for the Apple upgrade program is a credit check. I am curious if anyone has been declined for the Apple upgrade program based on their credit?

It would seem to me that some people may be doing the upgrade program because they cannot otherwise afford the phone. That may go along with having a lower than average credit score. Thoughts?
 
No one will know until they go through the process on the 25th. The Apple Upgrade Program orders weren't true pre-orders, but reservations for in-store pickup on Friday, which is when the credit check hoo-hah will happen.
 
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SisterBlue22 said:
No one will know until they go through the process on the 25th. The Apple Upgrade Program orders weren't true pre-orders, but reservations for in-store pickup on Friday, which is when the credit check hoo-hah will happen.
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Got it, that makes sense. Was curious what kind of credit requirements the bank has set for this upgrade plan. Will be interesting to find out. I know that traditionally to finance Apple products, the credit requirements are quite high.
 
DoofenshmirtzEI said:
You can keep the phone if you make all the payments. The contract just has a clause that you can trade it in lieu of paying it all off, and reup a new contract with new phone.
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Thanks for the info I guess that I missed that part of it but still not sure I want to mess up my 848 fico credit score and will likely just pay full retail price for the 6s plus
 
sniffies said:
No one in the world has been declined yet.
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so what you're saying is that nobody can apply therefore nobody can been rejected...:)

I can imagine that it's any worse than getting rejected from normal credit card if you have a really really lousy credit some phone companies make you leave a huge deposit before you pick up a phone
 
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From other threads I've read with people who have chatted with Apple reps about it, it doesn't sound like it's going to be terribly strict- you'll need a credit card in your name and likely mediocre credit or better. This is the company that does the student financing, not Barclays. Remember they want to get a lot of people on this and keep them from ordering through the carriers.
 
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Slightly interested in Apple Upgrade Program, not interested in taking out another CC/installment agreement and having to undergo a hard inquiry.

Personally understand the reasoning for having to run credit to do this program, just wish there was a different way to do this to not affect my 790 credit score.
 
Rayy42 said:
Slightly interested in Apple Upgrade Program, not interested in taking out another CC/installment agreement and having to undergo a hard inquiry.

Personally understand the reasoning for having to run credit to do this program, just wish there was a different way to do this to not affect my 790 credit score.
Click to expand...

Do you really find that the occasional hard inquiry dings your credit that bad? Mine might drop five points or so for a couple of months, but at 790 you're not going to have any adverse consequences to your use of credit.
 
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uwdude said:
From other threads I've read with people who have chatted with Apple reps about it, it doesn't sound like it's going to be terribly strict- you'll need a credit card in your name and likely mediocre credit or better. This is the company that does the student financing, not Barclays. Remember they want to get a lot of people on this and keep them from ordering through the carriers.
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The reps don't know jack, so I wouldn't put too much credence in anything they say. We will just have to wait and see.
 
DoofenshmirtzEI said:
Do you really find that the occasional hard inquiry dings your credit that bad? Mine might drop five points or so for a couple of months, but at 790 you're not going to have any adverse consequences to your use of credit.
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No…just got an Amex BCP credit card within the past few months which is why I don't like applying for another CC so soon.
 
phpmaven said:
The reps don't know jack, so I wouldn't put too much credence in anything they say. We will just have to wait and see.
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You're right, I don't think we should trust the specialists that have received training and will be facilitating these transactions enough to believe what they say. They must all just be silly and smelly...
 
I hope the requirements aren't too stringent because although I have a CC in my name, my score is really low right now.
 
ROLLTIDE1 said:
Thanks for the info I guess that I missed that part of it but still not sure I want to mess up my 848 fico credit score and will likely just pay full retail price for the 6s plus
Click to expand...

Rayy42 said:
Slightly interested in Apple Upgrade Program, not interested in taking out another CC/installment agreement and having to undergo a hard inquiry.

Personally understand the reasoning for having to run credit to do this program, just wish there was a different way to do this to not affect my 790 credit score.
Click to expand...

A hard pull isn't going to hurt you for more than a month. You need to relax if you're that worried about your credit score. That being said, everything we've read or been told is that it'll be a soft pull for the financing. Carriers do soft pulls for their financing and there's no reason to expect Apple and it's partner to do anything different.
 
SPX said:
It would seem to me that some people may be doing the upgrade program because they cannot otherwise afford the phone
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If they cannot afford an iPhone any other way and their credit rating is low because of that, then I highly doubt Apple will let them into the program. Rather they will deny them, Apple isn't looking to be a charity or grow the adoption over sound business decisions.
 
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