Phone Installment Plans

Commutator · ‎02-03-2015

Are phone installment plans reported as installment loans? I'm referring not to the service contract but to the actual financing of the phone. Specifically I'm wondering about T-Mobile and AT&T.

Revelate · ‎02-03-2015

No not for personal accounts at least at least from a discussion I read regarding T-Mobile's equipment instlalment plan.

Anonymous · ‎02-03-2015

@Commutator wrote:
Are phone installment plans reported as installment loans? I'm referring not to the service contract but to the actual financing of the phone. Specifically I'm wondering about T-Mobile and AT&T.

Definitely not in AT&T case.

starry1 · ‎02-03-2015

Verizon does not.

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Imperfectfuture · ‎02-03-2015

I'd personally buy a phone, cheaper in the long run.

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Commutator · ‎02-04-2015

Many thanks everyone!

@Imperfectfuture wrote:
I'd personally buy a phone, cheaper in the long run.

The ones I've been looking at are supposedly 0% APR. I don't see anything contrary to that claim though.

Strogen · ‎02-05-2015

@Commutator wrote:
Many thanks everyone!

@Imperfectfuture wrote:
I'd personally buy a phone, cheaper in the long run.
The ones I've been looking at are supposedly 0% APR. I don't see anything contrary to that claim though.

My Verizon phone is 0% APR. thye just charge you the overall taxes on the phone for the first bill/installment and thats it.

I mean, its nice if you want a new phone and would rather just put the charge on your bill.

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