Hello everyone, I have a few questions about the iPhone upgrade program offered by Apple in the US: 1) From my understanding it is considered a loan. So, if I let's say decide to make a payment of $200 two months after the purchase of the iPhone, will this money go towards the principal or the upcoming payments? 2) Is there an on-line account I create somewhere to make the payments and manage the loan (like Apple website for example)? 3) Will I be able to change the statement day? If, for example, I buy it on the 15th of the month, can I move the payment schedule to the 1st? I do that with all my bills for convenience. 4) When I go for the upgrade after 12 months, will I get a credit check again? I don't want a credit hit per year. Thank you for your time!