Financing with Apple, what happens if I'm declined?

Discussion in 'iPhone' started by Xandros, Aug 26, 2013.

  1. Xandros macrumors regular

    Joined:
    Sep 19, 2010
    #1
    Hi there. What I'd like to know is, If I go through Apple's online store and buy an iPhone using the finance option to pay for it, but they decline my finance request, then what happens? Does the order get cancelled automatically, or will Apple request me to pay via a different method, which I cannot at the moment, in which case will I be able to cancel the order?
     
  2. Applejuiced macrumors Westmere

    Applejuiced

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    #2
    If they decline you then youre not getting the phone and order is cancelled.
     
  3. Xandros thread starter macrumors regular

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  4. Mlrollin91 macrumors G5

    Mlrollin91

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    #4
    Well if you are declined, you won't even have the option to make a purchase, because there will be no credit information.
     
  5. Mrbobb macrumors 601

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    Aug 27, 2012
    #5
    No... if you are declined, it doesn't mean you have no credit, it just means your credit is deem not "good enough."

    You are allowed with proceed with a valid credit card. If u default, that's yours and your cc issuer problem.

    You can even proceed with a debit card, as long as it has that visa/mc logo.
     
  6. itjw macrumors 65816

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    Dec 20, 2011
    #6
    #1 If you think you're going to be declined, don't bother.

    #2 If it's because you don't know, check your credit first. Avoid the inquiry. As long as your credit is decent, it's not horrible to get approved, but it must not be "kinda bad" or else see #1.

    #3 If you can't afford to pay for it outright IF you are declined, you need to find a cheaper phone. Period. No need for the "I don't need advice". You do. Credit wouldn't be an issue otherwise =).
     
  7. Mlrollin91 macrumors G5

    Mlrollin91

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    #7
    Not what I said. If you are declined for the credit card, there will be no credit information of that particular card in order to proceed with placing an order in the first place.
     
  8. Mrbobb macrumors 601

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    #8

    And OP said "or will Apple request me to pay via a different method."
     
  9. Mlrollin91 macrumors G5

    Mlrollin91

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    #9
    He also asked will the order be cancelled automatically, and I said that because you don't have information for the card that you applied for because you were declined, you could not place the order to begin with. Therefore, there is no need for Apple to request a different payment method.

    Still has nothing to do with me saying he would have "no credit", even though I did not say that in the first place.
     
  10. antwon412 macrumors member

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    Apr 22, 2010
  11. Stetrain macrumors 68040

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    Feb 6, 2009
    #11
    You can't order it with the financing option until you have been approved as far as I know.

    You must first be approved, and then you can make a purchase using the credit card that they (Barclay) issue you.
     
  12. Applejuiced macrumors Westmere

    Applejuiced

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    #12
    People nowadays try to finance everything:D
    Some get a loan to go on a vacation that they can't afford. Or to Have a big wedding that they will be paying on for many years to come and so on:D
    It's nonsense IMO.
     
  13. 12vElectronics macrumors 68040

    12vElectronics

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    #13
    This. If you can't buy a $200 phone outright you can't afford it.
     
  14. antwon412 macrumors member

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    Apr 22, 2010
    #14
    Especially you're paying ~$100 a month to use it!
     
  15. chimpboy74 macrumors 6502a

    chimpboy74

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    #15
    Aren't they a bit more than $200?
     
  16. narutoninjakid macrumors 6502

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    Dec 6, 2012
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    New Jersey
    #16
    This. Never finance anything that isnt a house. Especially a phone since new ones come out all the time. The old one will be obsolete soon anyway. You should get a cheap phone now and save up. I would look at some third party sites such as ebay to get a cheaper price. Anyway this is my opinion do as you wish.
     
  17. Dented macrumors 6502a

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    Oct 16, 2009
    #17
    As someone else said, if you think you might be declined, it's best not to bother at all - because the very fact that you have been declined credit can in itself then be another negative against your credit score and make it even harder to get credit later when you really need it.

    Find another way to afford it - like buying used for example.
     
  18. LostSoul80 macrumors 68020

    LostSoul80

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    Jan 25, 2009
    #18
    I take the OP is referring to the off contract option, for which the 16 GB version costs $649 in the US. (Over €700 in most european countries)

    Also, posts of those kind are useless. The OP isn't asking anyone to judge his personal decisions in any way. Your advice is as banal as it gets, no one is requesting it and proves how people can't read questions.
     
  19. rockyroad55 macrumors 601

    rockyroad55

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    #19
    You get one free credit report per year. Check on that for a better reference to see if you may qualify.
     
  20. takeshi74 macrumors 601

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    Feb 9, 2011
    #20
    Declines aren't recorded. It's the hard pull that negatively impacts one's credit.

    Same reason people finance all sorts of other stuff.
     
  21. boshii macrumors 68040

    boshii

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    Jul 6, 2008
    Location:
    Atlanta, GA
    #21
    We're here to help OP with his question not to be his financial adviser.

    But to answer your question, if they have a 0% offer it's not a bad deal if you don't have access to the cash at the time.
     
  22. 12vElectronics macrumors 68040

    12vElectronics

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    #22
    True if he's buying it off contract.
     
  23. Interstella5555 macrumors 603

    Interstella5555

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    Jun 30, 2008
    #23
    It's a bad deal.
     
  24. boshii macrumors 68040

    boshii

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    #24
    How so? Elaborate.
     
  25. Xandros thread starter macrumors regular

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    Sep 19, 2010
    #25
    This.

    Though to briefly respond to some of those that have provided their opinion on the subject of financing however despite me not really asking for it, I will just say that regardless of how you feel towards financing, not everyone in this world is graced with the sort of disposable income certain people appear to have, financing may well be a more expensive way of paying for something but it spreads the cost, and it enables those less fortunate to buy products they would normally have to save up years to get.

    And never judge a book by it's covers; some of us are hard up or worse; in debt, thru no real fault of our own. It could be due to a mountain of unexpected bills, house maintenance, rent or mortgagee payments, being made redundant and having to take a much lower paying job as a result... et cetera.
     

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