So I went to AT&T last night..

4tokin2duke0

macrumors newbie
Original poster
May 15, 2009
4
0
..to set up a new account, I finally gave in and decided to get the iPhone.

Everything was going smooth and then I got to a minor speed bump, the AT&T rep informed me that I will have to pay a $750 deposit in order to open a new account/contract to be able to use the iPhone. :eek:

Now it's not that I have bad credit, I just don't have credit in general. Never have had a CC/bills in my name.

So my question, what was your deposit?
 

countrydweller

macrumors 6502
Jul 16, 2009
443
0
..to set up a new account, I finally gave in and decided to get the iPhone.

Everything was going smooth and then I got to a minor speed bump, the AT&T rep informed me that I will have to pay a $750 deposit in order to open a new account/contract to be able to use the iPhone. :eek:

Now it's not that I have bad credit, I just don't have credit in general. Never have had a CC/bills in my name.

So my question, what was your deposit?
Zero, get a cc and or loan, pay it off as you use it, then you will have some credit after a while. Doesn't do much for now, good luck.
 

ucfgrad93

macrumors P6
Aug 17, 2007
17,540
8,165
Colorado
..to set up a new account, I finally gave in and decided to get the iPhone.

Everything was going smooth and then I got to a minor speed bump, the AT&T rep informed me that I will have to pay a $750 deposit in order to open a new account/contract to be able to use the iPhone. :eek:

Now it's not that I have bad credit, I just don't have credit in general. Never have had a CC/bills in my name.

So my question, what was your deposit?
I had something similar happen to me when I was around 18 or 19 (I'll be 44 in 2 weeks). Unfortunately, it is what will happen until you have some credit history of your own.
 

ntrigue

macrumors 68040
Jul 30, 2007
3,804
1
I believe they return the deposit after 12 month of on-time payments.
 

nfl46

macrumors 604
Oct 5, 2008
6,908
3,976
I joined AT&T when I was 19 (2007), and I had a $0 deposit. I did, infact, have a credit card to help build my credit.
 

ToroidalZeus

macrumors 68020
Dec 8, 2009
2,301
821
Talk about timing. Does anyone know a credit card (unsecured) i can get without any credit?
 

Knowlege Bomb

macrumors 604
Feb 14, 2008
6,528
2,264
Madison, WI
Talk about timing. Does anyone know a credit card (unsecured) i can get without any credit?
Talk to your bank. Most offer a secured credit card with which you can begin building your credit. The money on the card is yours, rather than a loan, as your credit limit is whatever money you want to put down when you open the account.
 

uneek1

macrumors regular
Jun 18, 2009
180
0
Thats strange. I have bad credit and I wasn't required to pay a deposit. This was a little over 2 years ago, so maybe they have changed policies...
 

Applejuiced

macrumors Westmere
Apr 16, 2008
40,650
6,404
At the iPhone hacks section.
Talk about timing. Does anyone know a credit card (unsecured) i can get without any credit?
Most banks will either deny you or have you put down a
deposit like AT&T.
The amount of your deposit will be equal to your credit line. And after so many months and if your account is in good standing they will return it to you.
 

labman

macrumors 604
Jun 9, 2009
7,776
1
Mich near Detroit
mine was 0

but not sure how that's going to help, but now ya know. as was said get a cosigner or pay $750. ask them about a deposit on a different phone. wait 6 months and get a secured credit card for now.
 

Wicked1

macrumors 68040
Apr 13, 2009
3,278
13
New Jersey
$750.00 seems a little steep for an AT&T contract with an iPhone, actually it seems high for any carrier. That is a large chunk of change but I remember when I was 18 with no credit, either I didn't pay the up front charges or my mother was nice enough to cosign, I would never give them $750 in advance, never in a million years...
 

thelatinist

macrumors 603
Aug 15, 2009
5,933
49
Connecticut, USA
Got mine in 2005 with really bad credit (long story involving downsizing, unemployment, and a couple of bills that went to collections) and paid no deposit. I was surprised, really. I imagine, though, that AT&T is tightening credit like everyone else.
 

Knowlege Bomb

macrumors 604
Feb 14, 2008
6,528
2,264
Madison, WI
Talk to your bank. Most offer a secured credit card with which you can begin building your credit. The money on the card is yours, rather than a loan, as your credit limit is whatever money you want to put down when you open the account.
Most banks will either deny you or have you put down a
deposit like AT&T.
The amount of your deposit will be equal to your credit line. And after so many months and if your account is in good standing they will return it to you.
Now that's some good advice!
 

chstr

macrumors 6502a
Mar 25, 2009
673
0
might as well just go with prepaid? I think you can get the phone without contract for 600.
 

Tronic

macrumors 6502
Jun 10, 2009
351
59
Go to your bank, get a loan, lets say 1k to start off with. Deposit the 1k, into your bank account. Pay the payments each month until the loan is repaid. In the end you will have at least started your credit history and with interest it won't end up costing much more than the 1k. You must be responsible though and not even think about spending any of the 1k.
 

ctt1wbw

macrumors 68000
Jan 17, 2008
1,729
0
Seaford VA
I'd find someone else to go with. Establishing credit just to get a cell phone? No thanks. I'm trying to get rid of my credit.
 

CooKieMoNs7eR

macrumors 68000
Nov 18, 2009
1,919
657
r u a student? you can get a Chase Credit Card if your a student,even if you never had any history or anything I think theyll except you thats how I got mine.good luck
 

Lord Egregious

macrumors member
Jun 9, 2008
67
0
r u a student? you can get a Chase Credit Card if your a student,even if you never had any history or anything I think theyll except you thats how I got mine.good luck
Student cards are a great way to get started. I'm not sure exactly how ATT's credit check works but when I worked at Radioshack, I saw a ton of $750 deposits for people aged 18-22. However anyone who had a credit card and wasn't in debt was able to get a 0 deposit. I only had a student credit card for 4 months when I checked mine and I had a 0 deposit. Things may be different now but starting a credit card now is a good idea, as long as you pay it off in full each month.
 

alansaysstop

macrumors regular
Apr 11, 2009
221
17
Roseville
I had a foreclosuer and got two iphones with no deposit. I've never had a phone shut off because of nonpayment though so I think that might have something to do with it.
 

realeric

macrumors 65816
Jun 19, 2009
1,028
1,260
United States
No credit was good credit some years ago. But no credit is now bankruptcy credit. Things change. Opening secured credit cards will definetely help you build good credit.;)