Declined for Apple upgrade program?

Discussion in 'iPhone' started by SPX, Sep 20, 2015.

  1. SPX macrumors member

    Joined:
    Jul 10, 2008
    #1
    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?
     
  2. Goldfrapp macrumors 68040

    Goldfrapp

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    Jul 31, 2005
  3. Shadowbech macrumors 68040

    Joined:
    Oct 18, 2011
    #3
    I'm sure if you have a credit score of 0, I'm pretty sure they will deny you big time.
     
  4. SisterBlue22 macrumors 6502

    SisterBlue22

    Joined:
    Apr 29, 2015
    Location:
    Arizona
    #4
    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.
     
  5. SPX thread starter macrumors member

    Joined:
    Jul 10, 2008
    #5
    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.
     
  6. ROLLTIDE1 macrumors 65816

    Joined:
    Sep 12, 2012
    #6
    Seems like a scam to me considering you don't get to keep the phone at the end
     
  7. DoofenshmirtzEI macrumors 6502a

    DoofenshmirtzEI

    Joined:
    Mar 1, 2011
    #7
    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.
     
  8. ROLLTIDE1 macrumors 65816

    Joined:
    Sep 12, 2012
    #8
    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
     
  9. karmatourer macrumors 6502a

    karmatourer

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    Location:
    In my house
    #9
    That is an absurd reply. You have no way of knowing. And besides,you don't know "everybody in the world" who has applied.
     
  10. PTVMan macrumors 6502a

    Joined:
    Sep 20, 2012
    #10
    Are you serious!? It's not absurd. No one has been declined because no one has officially applied. The program doesn't begin in store until Friday, 9/25. Know the facts before you attack.
     
  11. koulmj macrumors 6502

    Joined:
    Mar 18, 2013
    #11
    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
     
  12. uwdude macrumors 6502a

    Joined:
    Jul 16, 2014
    #12
    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.
     
  13. Rayy42 macrumors 6502

    Rayy42

    Joined:
    Oct 7, 2014
    #13
    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.
     
  14. DoofenshmirtzEI macrumors 6502a

    DoofenshmirtzEI

    Joined:
    Mar 1, 2011
    #14
    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.
     
  15. phpmaven macrumors 68040

    phpmaven

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    Jun 12, 2009
    Location:
    San Clemente, CA USA
    #15
    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.
     
  16. Rayy42 macrumors 6502

    Rayy42

    Joined:
    Oct 7, 2014
    #16
    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.
     
  17. flappple macrumors newbie

    Joined:
    Apr 1, 2015
    #17
    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...
     
  18. PTVMan macrumors 6502a

    Joined:
    Sep 20, 2012
    #18
    I hope the requirements aren't too stringent because although I have a CC in my name, my score is really low right now.
     
  19. Apple OC macrumors 68040

    Apple OC

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    Oct 14, 2010
    Location:
    Hogtown
    #19
    I can vouch for Goldf ... he does know everyone in the world who has applied.

    He knows more people than Zuckerburg.
     
  20. Warbrain macrumors 603

    Warbrain

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    Jun 28, 2004
    Location:
    Chicago, IL
    #20
    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.
     
  21. Newtons Apple macrumors Pentium

    Newtons Apple

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    Mar 12, 2014
    Location:
    Jacksonville, Florida
    #21
    I would imagine that people who failed to pay Apple would end up with a "brick":eek:
     
  22. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #22
    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.
     
  23. ZombiePete macrumors 68020

    ZombiePete

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    Aug 6, 2008
    Location:
    San Antonio, TX
    #23
    Congrats to everyone who is finding a way to brag about their credit scores in this thread!
     
  24. talmy macrumors 601

    talmy

    Joined:
    Oct 26, 2009
    Location:
    Oregon
    #24
    The irony is that if you have a high credit score you probably can just pay cash for the phone. If you need the credit to get the phone you probably have a low credit score. (FYI my score is high.)
     
  25. ssl0408 macrumors 6502a

    ssl0408

    Joined:
    Sep 22, 2013
    Location:
    New York
    #25
    Thank you for saying this. Next they'll tell us how much they earn per year. Stop giving out personal information on a public forum.
     

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