So I went to AT&T last night..

Discussion in 'iPhone' started by 4tokin2duke0, Dec 30, 2009.

  1. 4tokin2duke0 macrumors newbie

    Joined:
    May 15, 2009
    #1
    ..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?
     
  2. countrydweller macrumors 6502

    countrydweller

    Joined:
    Jul 16, 2009
    #2
    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.
     
  3. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #3
    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.
     
  4. ntrigue macrumors 68040

    ntrigue

    Joined:
    Jul 30, 2007
    #4
    I believe they return the deposit after 12 month of on-time payments.
     
  5. nfl46 macrumors 603

    Joined:
    Oct 5, 2008
    #6
    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.
     
  6. dukebound85 macrumors P6

    dukebound85

    Joined:
    Jul 17, 2005
    Location:
    5045 feet above sea level
    #7
    0 as i have credit

    op..best start building yours up. many things depend on it reagrdless of wealth
     
  7. ToroidalZeus macrumors 68020

    ToroidalZeus

    Joined:
    Dec 8, 2009
    #8
    Talk about timing. Does anyone know a credit card (unsecured) i can get without any credit?
     
  8. Knowlege Bomb macrumors 601

    Knowlege Bomb

    Joined:
    Feb 14, 2008
    Location:
    Madison, WI
    #9
    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.
     
  9. uneek1 macrumors regular

    Joined:
    Jun 18, 2009
    #10
    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...
     
  10. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #11
    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.
     
  11. jav6454 macrumors P6

    jav6454

    Joined:
    Nov 14, 2007
    Location:
    1 Geostationary Tower Plaza
    #12
    Mine was $150 and 0 credit. AT&T rep was surprised at low deposit. I said, cool. Don't know how that happened.
     
  12. labman macrumors 604

    labman

    Joined:
    Jun 9, 2009
    Location:
    Mich near Detroit
    #13
    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.
     
  13. str1f3 macrumors 68000

    Joined:
    Aug 24, 2008
    #14
    No credit is bad credit. Even worse than not owing anything.
     
  14. Wicked1 macrumors 68040

    Wicked1

    Joined:
    Apr 13, 2009
    Location:
    New Jersey
    #15
    $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...
     
  15. pukifloyd macrumors 6502a

    pukifloyd

    Joined:
    Jun 25, 2008
    Location:
    Scottsdale
    #16
    they asked me for $500 deposit per line(i was getting two iphones) :eek:
     
  16. thelatinist macrumors 603

    thelatinist

    Joined:
    Aug 15, 2009
    Location:
    Connecticut, USA
    #17
    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.
     
  17. Knowlege Bomb macrumors 601

    Knowlege Bomb

    Joined:
    Feb 14, 2008
    Location:
    Madison, WI
    #18
    Now that's some good advice!
     
  18. chstr macrumors 6502a

    chstr

    Joined:
    Mar 25, 2009
    #19
    might as well just go with prepaid? I think you can get the phone without contract for 600.
     
  19. Tronic macrumors 6502

    Tronic

    Joined:
    Jun 10, 2009
    #20
    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.
     
  20. ctt1wbw macrumors 68000

    ctt1wbw

    Joined:
    Jan 17, 2008
    Location:
    Seaford VA
    #21
    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.
     
  21. CooKieMoNs7eR macrumors 68000

    CooKieMoNs7eR

    Joined:
    Nov 18, 2009
    #22
    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
     
  22. Lord Egregious macrumors member

    Joined:
    Jun 9, 2008
    #23
    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.
     
  23. alansaysstop macrumors regular

    Joined:
    Apr 11, 2009
    Location:
    Roseville
    #24
    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.
     
  24. realeric macrumors 6502a

    realeric

    Joined:
    Jun 19, 2009
    Location:
    United States
    #25
    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.;)
     

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