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iPhone Upgrade Program [MERGED]
- Thread starter kybldmstr
- Start date
- Sort by reaction score
Unfortunately due to medical bills my score is slightly below 620. But, AT&T Next is an okay option.
680 and above is considered "good" credit, so I would think so.
That is overboard. A hard check of your score may drop it 3 - 5 points, but will go back up over the next 2 - 3 weeks back to where it was anyway, so that definitely wouldn't kill anyone's chances of a home loan. While they are freaked out, they are making the mountain out of the mole hill.
I don't think that will be a problem either. If you're in the 600s and you're showing that you are making progress on paying down the bills, you should be good. Additionally, they have to see that medical expenses would be a necessity. They can't get their money if you aren't alive to make it and send it to them.
BL.
If you're in the middle of a home loan and before closing, you definitely don't want a hard pull to hit your credit report, even if you have perfect credit. Mortgage lenders don't want to see credit activity at all during the escrow period.
Anyone have any insight if I will have trouble if my score is around 580? I know it's low. After a lot of mistakes in college I've been working to make my credit better over the past year, but it's not great yet.
I think you should be okay.
I got a car loan, and a home loan, and at the time, my credit score was lower than that. In fact mine is lower than yours now, so I would think you'd be in better shape than I, but it all depends on what they are looking for. Are you showing positive activity on your credit report?
BL.
Yes I think so. However, I don't know how deep a dive Apple will go into my credit history. How do they calculate these things?
That's the question.. I don't think anyone will know until the first report on the 18th.
BL.
I'd say I wouldn't worry too much about it. Chances are, you will be approved for the iPhone UP. They don't go into detail into your credit history, but I suppose they want to make sure that you are a risk-free. hehe
Oh and I did actually decide to just pre-order online and wait for the delivery instead of the reservation pick up. I wanted AT&T model but I reserved the t-mobile, and I'm currently on AT&T anyways.
I would also assume it's not like a huge in detail credit check. They probably will look at the CC you are putting it on, basically that you pay your bill etc!
Yes. I am always on time with my CC bills and I made sure to pay down my CC completely for 25th.
I'd think you're golden! As long as payments are being made and plenty of credit available
I don't see why people won't be approved!
I don't understand. It's a phone. If you can't afford to pay for it in full, then you are only putting yourself in debt. I'm all game for Apple's program, given that it is interest free if you pay our CC in full each month, but it sounds like some people are reaching desperation for the latest and greatest and digging themselves into a financial pitfall for a phone. Maybe upgrading isn't right if you can't afford it?
Sorry, you're right.. got my days mixed up. Besides, the 18th is payday for me!
How do you know that people here can't afford it?
Personally, I could afford to buy 3 iPhones outright and not put a dent in my finances. My problem is that I'd love to get my credit score back in the 700s and higher, from the 540s where it is at. Financing it through the Upgrade program, and paying off an actual credit card actually will make my credit score skyrocket. It's advantageous to me to use the upgrade program to build up my credit score than pay for it outright; the former builds my credit, while the latter does nothing.
BL.
Sorry, you're right.. got my days mixed up. Besides, the 18th is payday for me!
How do you know that people here can't afford it?
Personally, I could afford to buy 3 iPhones outright and not put a dent in my finances. My problem is that I'd love to get my credit score back in the 700s and higher, from the 540s where it is at. Financing it through the Upgrade program, and paying off an actual credit card actually will make my credit score skyrocket. It's advantageous to me to use the upgrade program to build up my credit score than pay for it outright; the former builds my credit, while the latter does nothing.
BL.
I'm going to guess the comment was made maybe more in a general sense? I've seen so many people on the boards in the last few days worried about being approved etc. I think most people won't have a problem getting approved for the Apple UP
I'm going to guess the comment was made maybe more in a general sense? I've seen so many people on the boards in the last few days worried about being approved etc. I think most people won't have a problem getting approved for the Apple UP
That's exactly what we are all hoping! the issue is that what they are calling a 'credit check' is rather vague. So that definitely does leave a lot of room for speculation.
BL.
This sounds more like a soft pull, but this sounds more like nearly everyone will get approved for this, regardless of credit score.
BL.
I'm actually about to close escrow on the 22nd of this month. That's why I bought mine cash. Buying it cash, would that affect me ? I hope not lol.
I hope this arrives to Germany soon. I was glad to be approved for finance this year in the Apple Store, not having to rely on O2 to get my new phone!
