Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

Was iUP worth it for you?


  • Total voters
    18

MathersMahmood

macrumors 65816
Original poster
Sep 5, 2016
1,123
2,529
England
Hello lovely people!

I have been on the upgrade program since it came out in the UK with the iPhone 7 series.

I get the new phone every year and if I sell the phone I wipe off the loan so I never miss a payment or have outstanding debt on my accounts.

For those of us who have used the program did you ever have issues with mortgages or other types of finance while having the iUP?

I called Barclays in the UK and they confirmed that each time you do an iUP its a HARD check and never a soft check as they do not handle the trade in etc they just provide you with the loan. They class each iUP regardless of an upgrade as a new loan application.

I am thinking this year that I pay the phone outright and just slap on a case and screen protector on the phone and then trade it in close to the next release.

Interested to know your thoughts.
 

jtrue28

macrumors 65816
Apr 10, 2015
1,028
711
Lexington, KY
No affects on credit, whatsoever.

This year will be fun though. Next payment is due on 15th. Hopefully they allow us to sign up early, like in previous years, and put a "hold" on the current loans. Otherwise we'll be making our 13th payment on the 14s, as well as payment #1 on 15s.

Although as I say all of that, I think they end up doing refunds of that 13th payment.
 
  • Like
Reactions: MathersMahmood

Djones96

macrumors 6502a
Dec 13, 2022
995
1,852
Not really pertaining to the post, but if they do a hard pull, I'm wondering what the average/typical credit score to get approved would have to be. I am finally hopping on the upgrade program this year, and my credit score just dropped quite a bit because a card that I am an approved user on, the usage went up on it, tanking my score. I was really not expecting it, and am hoping that I'm still approved.
 

slippery-pete

macrumors 68020
Jun 23, 2007
2,152
1,055
Not really pertaining to the post, but if they do a hard pull, I'm wondering what the average/typical credit score to get approved would have to be. I am finally hopping on the upgrade program this year, and my credit score just dropped quite a bit because a card that I am an approved user on, the usage went up on it, tanking my score. I was really not expecting it, and am hoping that I'm still approved.
No expert, but I assume if score is in 600's you'll be fine.
 
  • Like
Reactions: Djones96

sjperformance

macrumors 68000
Oct 7, 2013
1,994
2,147
Miami 305
No affects on credit, whatsoever.

This year will be fun though. Next payment is due on 15th. Hopefully they allow us to sign up early, like in previous years, and put a "hold" on the current loans. Otherwise we'll be making our 13th payment on the 14s, as well as payment #1 on 15s.

Although as I say all of that, I think they end up doing refunds of that 13th payment.
Exactly what I was thinking...what's gonna happen on the 15th? I believe they'll put a hold.
 
  • Like
Reactions: jtrue28

ctbaz

macrumors regular
Aug 20, 2014
212
197
I have had IUP since the x and they have only done a hard pull the fist time. Every other time they haven't.
 
  • Like
Reactions: jtrue28

ant the ninja

macrumors 6502a
Nov 21, 2012
619
722
I only had a hard pull the first time I did it, never after. I’ve been on it since the first year it started
 

beach bum

macrumors demi-goddess
Oct 6, 2011
8,072
28,691
Philly
Hello lovely people!

I have been on the upgrade program since it came out in the UK with the iPhone 7 series.

I get the new phone every year and if I sell the phone I wipe off the loan so I never miss a payment or have outstanding debt on my accounts.

For those of us who have used the program did you ever have issues with mortgages or other types of finance while having the iUP?

I called Barclays in the UK and they confirmed that each time you do an iUP its a HARD check and never a soft check as they do not handle the trade in etc they just provide you with the loan. They class each iUP regardless of an upgrade as a new loan application.

I am thinking this year that I pay the phone outright and just slap on a case and screen protector on the phone and then trade it in close to the next release.

Interested to know your thoughts.
Here in the US, the IUP is through Citizens and only when first signing up will they do a hard credit check and if you continue upgrading each year, it is a soft pull.

Your situation in the UK through Barclays seems to be completely different than it is here in the US so hopefully you will get some responses from others in your area. If you are concerned about the HARD pulls, it might be better to just purchase outright.
 
  • Like
Reactions: MathersMahmood

crypthick

macrumors member
Sep 4, 2023
83
83
can anyone tell me at what point the check is done please?

I live a few hours away from an Apple Store, have had the upgrade programme before, but not sure if things have changed?

Is the credit check still done in store or is it pre approved when doing a preorder online?Thanks for the help in advance ☺️
 

MathersMahmood

macrumors 65816
Original poster
Sep 5, 2016
1,123
2,529
England
can anyone tell me at what point the check is done please?

I live a few hours away from an Apple Store, have had the upgrade programme before, but not sure if things have changed?

Is the credit check still done in store or is it pre approved when doing a preorder online?Thanks for the help in advance ☺️
I think the preapprove is a soft check just to show you that you may not be declined. But the hard check will be done in store.
 

stradders

macrumors newbie
Aug 20, 2007
26
11
Wales - United Kingdom
I have used the Barclays program for 4 years. They have always done a hard search each year which shows on Experian and other agencies for up to 12 months. Have never had any issues with financing but would probably avoid if I were going for a Mortgage ( Life Impacting) to keep score as high as possible - if you can. Each search can lower your score marginally but generally, Its when you have multiple application searches within 12 months that it may have a detrimental effect. There again, by having credit and being able to demonstrate your "good" payment history is a positive. Money Saving Expert have a free Credit checker called Credit club that uses Experian but they will also give you give you an indicative score based on your income and outgoings etc which is really good.
 
  • Like
Reactions: MathersMahmood
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.