Carrier T-Mobile Credit Check & Device Deposit

Discussion in 'iPhone' started by beaver82, Feb 15, 2017.

  1. beaver82 macrumors member

    Joined:
    Jul 27, 2008
    #1
    How does T-Mobile differentiate between "Awesome" credit and "Average" credit? For those that just switched to T-Mobile from another carrier, how was your experience on the credit check and deposit amount on a new device?
     
  2. Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #2
    Every company has different criteria in the way they judge credit history in order to provide post paid service.
    Everyone's personal situation will be different so you cant really compare credit decisions accurately.
     
  3. roger1955 macrumors newbie

    roger1955

    Joined:
    Jul 21, 2016
    Location:
    Northern California
    #3
    I believe my credit was good when I switched from AT&T some years ago, T-mobile did not ask for a deposit. My credit score has gone downhill since (5 years ago) and T-mobile has not hindered me in no way when I have jumped or upgraded to a new device( 3 lines) and I've done this on 10 or more occasions in the last 5 years. So I'm assuming your credit should be decent to bypass a deposit from T-mobile. When I checked into switching to Sprint a while back, they requested a deposit, as I mentioned my credit is below decent/good :(
     
  4. eyoungren macrumors Core

    eyoungren

    Joined:
    Aug 31, 2011
    Location:
    ten-zero-eleven-zero-zero by zero-two
    #4
    I signed up with them about a year and a half ago. Credit was good at the time, I qualified for zero down on the base model iPhone. However, we always get the highest capacity phone Apple offers so that required a deposit of $200 per device (both 128GB models).

    Since then I have heard stories that T-Mobile no longer offers zero down.

    Speaking to @roger1955, T-Mobile considers you as a customer with good credit if you have made more than 12 payments in a row on time. So, however bad your score may be in general as long as you've done that with T-Mob and are not behind in payments they see you as having good credit.
     
  5. roger1955 macrumors newbie

    roger1955

    Joined:
    Jul 21, 2016
    Location:
    Northern California
    #5
    Yea, unfortunantly anything above the base model(32gb) requires a down payment, I just jumped from the 6s plus 64gb (99 deposit) to 7 plus 128 gb (199 deposit) :( just couldn't drop down to 32 gb from 64 gb. I won't be jumping with this 7 plus 128gb since the deposit does not move to the next phone you jump to. :(
     
  6. beaver82 thread starter macrumors member

    Joined:
    Jul 27, 2008
    #6
    So basically with any iPhone above the base, a deposit will be required even if you have perfect credit?
     
  7. roger1955 macrumors newbie

    roger1955

    Joined:
    Jul 21, 2016
    Location:
    Northern California
    #7
    Yes, that is correct, I believe that's with all the major carriers( Verizon, AT&T, T-Mobile & Sprint).
     
  8. MsRandall macrumors 65816

    MsRandall

    Joined:
    Nov 27, 2011
    Location:
    Bay Area, Ca
    #8
    Not true with Verizon - I bought 4 iPhone 7 plus models- 3 (256gb) and 1 (128gb) all were no money down - only high Cali taxes

    My sister really wants TMobile and the only reason she doesn't switch is the down payments on larger capacity iPhones with TMobile
     
  9. Applejuiced, Feb 17, 2017
    Last edited: Feb 17, 2017

    Applejuiced macrumors Westmere

    Applejuiced

    Joined:
    Apr 16, 2008
    Location:
    At the iPhone hacks section.
    #9
    Its not a deposit. It has nothing to do with credit. If you have credit then charge the money on a credit card.
    Its like before where you were getting an iphone for $199 with 2 year contract.
    If you pay $99 or $199 it comes off the phone price. You either pay it upfront or spread out over 24 months you're still paying it one way or the other.
     
  10. Geo925 macrumors newbie

    Geo925

    Joined:
    Mar 10, 2018
    #10
    Verizon doesn't require you a deposit only because you went up on the size.
     
  11. raqball macrumors 68000

    Joined:
    Sep 11, 2016
    #11
    I read somewhere a while back (I don't have T-Mo though) that T-Mo 'awesome' credit is 700 or above. Thats actual FICO and not the fake scores found at most credit monitoring services.
     
  12. Shadowbech macrumors 601

    Joined:
    Oct 18, 2011
    Location:
    Planet iPhone
    #12
    Not for Verizon and I didn't had to pay a deposit when I first signed up to get the 7 plus with the promotional credit when it was launched.
     
  13. csurfr macrumors 68020

    Joined:
    Dec 7, 2016
    Location:
    Seattle, WA
    #13
    From what I understand T-Mobile sets your credit limit when you sign up and they will not change it, nor will they tell you what that limit actually is. What does get changed is the deposit. If when you first signed had to put a deposit down on say an iPhone 7, if you make 12 consecutive on-time payments then most phones will no longer require a down payment.

    In respect to the iPhone X, T-Mobile told me specifically both over the phone and twitter that the only people that would not be required to have a down payment for that phone were those with extensive history with them.

    Some people claim to have had that changed, but I don’t personally know anyone who had any success with that.
     
  14. BasicGreatGuy Contributor

    BasicGreatGuy

    Joined:
    Sep 21, 2012
    Location:
    In the middle of several books.
    #14
    Sounds like T-Mobile has a lot of accounts in collections.
     
  15. Lisam86 macrumors newbie

    Lisam86

    Joined:
    Sep 29, 2018
    #15
    I’ve had t mobile for 5 years know we have 5 phone lines plus a tablet plus an iPod on ours and it’s not a “deposit” that your paying....basically when you have the jump on demand you get 3 Upgrades a year so what you are paying when you upgrade is the taxes for the price of the phone so even if you get the cheapest phone they have you still pay when you switch phones so basically the more expensive the phone the more taxes you pay .... and if you are on jump plan they do not even check your credi when you upgrade
     
  16. tonybarnaby macrumors 65816

    Joined:
    Dec 3, 2017
    #16
    I have been with Tmobile for 15 years and have 800 credit score. I’m far from rich, but I’m very smart with the money I do have.

    When I went in to buy my max on launch day, they talked to me about financing it. The down payment plus taxes came to $4XX. I choose to pay cash, but it doesn’t seem like they give you the option to just pay the taxes up front like on a cheaper phone. Not sure if this helps, but it was my experience.
     
  17. Lisam86 macrumors newbie

    Lisam86

    Joined:
    Sep 29, 2018
    #17
    Yea that’s what I was trying to explain lol I was responding to the other posts on how basically when you upgrade it’s not based on credit it’s based the phone you get
     
  18. tonybarnaby macrumors 65816

    Joined:
    Dec 3, 2017
    #18
    Yep. They make it so your payment is $720/24 months = $30 per month. Strange to me for sure.
     
  19. lordofthereef macrumors G5

    lordofthereef

    Joined:
    Nov 29, 2011
    Location:
    Boston, MA
    #19
    Go onto T-Mobile.com and look st the device you want. You will see that for the xs and the xs max models therenis a deposit plus monthly rate.

    This is all assuming you have credit acceptable for them to do this. If you don't, that deposit will be higher.

    Ultimately what this all means is that the iPhone upgrade plan through T-Mobile is effectively dead unless they change their policy. Or unless you decide you're happy with paying much more than 50% of the phone off before you trade up to the next one.

    Take a look at the screenshot. I am not logged in. I have selected the top line of credit. And the deposits for a 64gb xs max is $379. Effectively your deposit is whatever the msrp ofnthe phone is north of $720.

    C701248E-9B16-4C21-B3C5-52F1A6189902.png
    --- Post Merged, Sep 29, 2018 ---
    You're paying much more than just taxes. You're paying every dollar of msrp above $720. People have noticed this since the X, mainly. It's a much more expensive phone.

    Imo the iPhone upgrade program is officially dead through them at this point unless you're buying the base model phone, in this case the Xr.
     
  20. tonybarnaby macrumors 65816

    Joined:
    Dec 3, 2017
    #20
    I don’t know why Tmobile is looking to make the monthly payment $30 when you have to go $400 or more out of pocket for a max. Surely that has cost them many sales. If you only had to pay the taxes, the monthly price would be $45 or so. $15 extra per month is a lot easier to swallow than dropping $400 at the time of purchase,
     
  21. lordofthereef macrumors G5

    lordofthereef

    Joined:
    Nov 29, 2011
    Location:
    Boston, MA
    #21
    If you'd skip out on the hill st any point in time you've paid a good chunk of it off from day one. Tmovikenisnessentislly reduxing their risk with the loan.
     
  22. tonybarnaby macrumors 65816

    Joined:
    Dec 3, 2017
    #22
    That makes sense I guess. Bunch of bums ruin it for the good people.
     
  23. Gamer-Dad macrumors regular

    Gamer-Dad

    Joined:
    Aug 11, 2018
    Location:
    Pasadena MD USA
    #23
    All T-Mobile is doing is lowering your monthly payment. When we were with Verizon years ago, yes, all you paid for upfront was the price for taxes, but your monthly payment was much higher on the device. With T-Mobile, you are making a down payment which lowers your monthly payment, hence why your payment is only $30 a month no matter which capacity you purchase. To compare with Verizon,

    T-Mobile iPhone XS Max - Awesome Credit
    64 GB - $379.99 down + taxes - $30 month/24 months
    256 GB - $529.99 down + taxes - $30 month/24 months
    512 GB - $729.99 down + taxes - $30 month/24 months

    Verizon iPhone XS Max - Well Qualified Credit
    64 GB - $0 down + taxes - $45.83 month/24 months
    256 GB - $0 down + taxes - $52.08 month/24 months
    512 GB - $0 down + taxes - $60.41 month/24 months
     

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22 February 15, 2017