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

iUP: What’s the lowest credit score accepted?

DreamPod

DreamPod

macrumors 65816
Original poster
Mar 15, 2008
1,265
188
I’m considering joining iUP with the iPhone X, but I don’t have the best credit score - it’s not horrible, but it is below average (depending on who you ask, 590-630). I’d rather not waste the preorder time (or hard credit check) to sign up for iUP if I know I’m gonna fail for that (I can afford to buy it all at once if need-be).

So has anyone heard stories of people being accepted in that range or below? Preferably recently, like with iPhone 8/Plus.
 
DreamPod said:
I’m considering joining iUP with the iPhone X, but I don’t have the best credit score - it’s not horrible, but it is below average (depending on who you ask, 590-630). I’d rather not waste the preorder time (or hard credit check) to sign up for iUP if I know I’m gonna fail for that (I can afford to buy it all at once if need-be).

So has anyone heard stories of people being accepted in that range or below? Preferably recently, like with iPhone 8/Plus.
Click to expand...

I’d imagine that you’d be accepted easily as it’s not a huge loan amount and I have heard of very few rejections. That said, if you were rejected it isn’t usually forewarned by the credit score anyway as each lender determine ‘scores’ differently and look at different aspects of your finances
 
It's only the payment plan that is terrible. Barclays wouldn't expect many so IUP should be far better
 
I’d just pay in full and not use the upgrade program. I tried to use this program but was unable to because pre-paid cell/data plans don’t qualify. I don’t wish to be locked into a carrier for any length of time. I like the freedom to switch carriers at will.
 
USF813 said:
I’d just pay in full and not use the upgrade program. I tried to use this program but was unable to because pre-paid cell/data plans don’t qualify. I don’t wish to be locked into a carrier for any length of time. I like the freedom to switch carriers at will.
Click to expand...

Apple IUP doesn’t force you to stay with a carrier as far as I know.
 
  • Like
Reactions: MuGeN PoWeR
You'd have to have horrific, and I mean horrific, credit in order to not qualify for a roughly $1300 loan.

I have average credit and bought a house.
 
  • Like
Reactions: BigMcGuire
Jimpilot said:
Apple IUP doesn’t force you to stay with a carrier as far as I know.
Click to expand...

When I told the Apple store rep I was on a pre-paid plan she told me those aren’t eligible for the upgrade program. Only traditional contract-like plans are.
 
You should be good, they pretty much accept anyone with the occasional rejection for no reason... spin the wheel and try your luck lol
 
USF813 said:
When I told the Apple store rep I was on a pre-paid plan she told me those aren’t eligible for the upgrade program. Only traditional contract-like plans are.
Click to expand...

Only postpaid plans are eligible. There is no contract required with the carrier.
 
sdwaltz said:
You'd have to have horrific, and I mean horrific, credit in order to not qualify for a roughly $1300 loan.

I have average credit and bought a house.
Click to expand...
I’ve been turned down for credit cards in the past. Having credit scores in this range mean you can’t take anything for granted. I mean, I got a car loan too, but at a horrible interest.
 
I hate to be THAT guy who says it's irresponsible to take a loan and put yourself in a bad financial situation, but, man, if you have below-average credit (which implies you're already not in a great financial situation), then maybe in your case it's not the best idea to go take another loan to buy the most expensive iPhone ever produced...
 
  • Like
Reactions: 2298754, Applejuiced, eVolcre and 2 others
dallas112678 said:
I hate to be THAT guy who says it's irresponsible to take a loan and put yourself in a bad financial situation, but, man, if you have below-average credit (which implies you're already not in a great financial situation), then maybe in your case it's not the best idea to go take another loan to buy the most expensive iPhone ever produced...
Click to expand...
You don't know the OP's financial situation. There are many reasons why credit could be below average. Example; a Loss of job from years ago and falling behind in bills can ruin your credit and it stays on there for years even if you have a great job now. Doesn't mean they are irresponsible.
 
  • Like
Reactions: Juansito, Ntombi and Peter K.
USF813 said:
That’s what I was told. Not interested in post-paid plans.
Click to expand...
This isn't true. I'm on a contract-free, month to month plan on T-Mobile. The carrier and plan don't matter at all - you're buying a phone, not a service.
 
You'd be surprised.
Your personal score and credit history is not the same as others and every situation is unique.
Citizens is very conservative when it comes to giving out credit so they will not approve just anyone for a $1300 credit loan.


sdwaltz said:
You'd have to have horrific, and I mean horrific, credit in order to not qualify for a roughly $1300 loan.

I have average credit and bought a house.
Click to expand...
 
Apple upgrade is unlocked phone and can be used on any carrier. You just have to pick carrier when you order the phone that’s all.
 
bizack said:
This isn't true. I'm on a contract-free, month to month plan on T-Mobile. The carrier and plan don't matter at all - you're buying a phone, not a service.
Click to expand...

Nonetheless, I do not do post-paid plans, ever. Taxes and regulatory fees on post-paid plans are a rip-off. And Apple would not allow me to use the upgrade program while on a pre-paid plan.
 
USF813 said:
Nonetheless, I do not do post-paid plans, ever. Taxes and regulatory fees on post-paid plans are a rip-off. And Apple would not allow me to use the upgrade program while on a pre-paid plan.
Click to expand...
My plan is pre-paid. Has been since I joined the IUP (the first year it was introduced). You've been given incorrect information.
 
DreamPod said:
I’m considering joining iUP with the iPhone X, but I don’t have the best credit score - it’s not horrible, but it is below average (depending on who you ask, 590-630).
Click to expand...
Under 620 is considered sub-prime for mortgage loans (I'm a Realtor, I deal with FICO's all day long). If you're in that range, I'm willing to bet that you're not going to be approved.

There also isn't just one score, there's loads of them. Also, FICO isn't even the only game in town for scores. There's also VantageScores.

Go create an account on CreditKarma -- it'll give you your vantage scores. Also, you may want to resolve whatever your credit issues are, moving forward.

Try IUP, but don't be surprised if they say no.
 
  • Like
Reactions: Applejuiced
USF813 said:
That’s what I was told. Not interested in post-paid plans.
Click to expand...

Yes and the postpaid plans are not a contract.
[doublepost=1508477823][/doublepost]
bizack said:
My plan is pre-paid. Has been since I joined the IUP (the first year it was introduced). You've been given incorrect information.
Click to expand...

Can you elaborate a little about your prepaid plan?
 
bopajuice said:
I’d work on improving your credit before spending a grand on a phone...
Click to expand...
Why? What does one have to do with another? This isn’t a mortgage, where I’ll be killed on interest and terms if I don’t fix my credit first. In fact, iUP doesn’t charge interest. I may not get approved, which is my whole point of asking this question, but even if I had a FICO score of 850, it would make zero difference on the grand I’d be spending on the phone (actually $550 after the sale of my old phone).
 
You must log in or register to reply here.
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.
Top Bottom
Back