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New Contributor
CBuff
Posts: 64
Registered: ‎11-23-2007

Verizon Wireless Credit Check?

Does anyone know what Verizon Wireless requirements are for new service?  I'm currently an AT&T customer but I hate the service.  I want to make the switch to Verizon but I want to be prepared for the worst.  Is there a particular credit score they are looking for?  If so and you don't meet that score, what is the deposit amount?  Any help is appreciated!  Thanks!

Starting scores in 2007: sub 600
April 2011 scores: EXP - 662; EQ - 683; TU - 675
June 22, 2011 scores: EXP - 662; EQ - 694; TU - 685
June 29, 2011 scores: EXP -681 ; EQ - 694; TU - 710
Goal: 700+
Frequent Contributor
stanggt03
Posts: 437
Registered: ‎05-21-2011

Re: Verizon Wireless Credit Check?

If your scores are anything close to your signature and you have no recent baddies, you should have no trouble.


Starting Score: 596 EQ 5-22-11 / 554 TU 5-23-11
Current Score: 615 EQ 08-15-11 / 631 TU 09-27-11
Goal Score: 700+


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New Contributor
CBuff
Posts: 64
Registered: ‎11-23-2007

Re: Verizon Wireless Credit Check?

Thanks for the response, stanggt03.  Those were my scores pulled just last month.  I do have 2 collections items from 2009 and a 30 day late in 2009.  Hopefully that isn't too recent to be considered negatively. 

Starting scores in 2007: sub 600
April 2011 scores: EXP - 662; EQ - 683; TU - 675
June 22, 2011 scores: EXP - 662; EQ - 694; TU - 685
June 29, 2011 scores: EXP -681 ; EQ - 694; TU - 710
Goal: 700+
Frequent Contributor
stanggt03
Posts: 437
Registered: ‎05-21-2011

Re: Verizon Wireless Credit Check?

You should be fine.

Starting Score: 596 EQ 5-22-11 / 554 TU 5-23-11
Current Score: 615 EQ 08-15-11 / 631 TU 09-27-11
Goal Score: 700+


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Frequent Contributor
pritchardhallhokie
Posts: 272
Registered: ‎08-06-2010

Re: Verizon Wireless Credit Check?

You'll be fine.  I got a verizon account a while back when my scores weren't the best.  Also, they would only require a deposit, they wouldn't flat out deny you ever so say 2 reps I spoke with


Starting Score: 584TU / 580EQ
Current Score: 670 TU / 680EQ
Goal Score: 720 TU / 720 EQ


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Established Contributor
UFGuy2006
Posts: 706
Registered: ‎08-02-2008

Re: Verizon Wireless Credit Check?


stanggt03 wrote:
You should be fine.

+1.

FICO: EX: 752 (3/14); TU: 768 (3/14); EQ 711 (3/14)

In My Wallet: Amex X 5 | Barclays X 3 | BOA X 1 | CapOne X 3 | Chase X 3 | Citi X 6 | DCU X 1 | Discover X 1| Fidelity X 1 | Fifth Third X 1 | PenFed X 1 | PSECU X 1 | USAA X 2 | US Bank X 1 | Walmart X 1

Holding off apps for the next 6 months! Last inq 4/2/2014.
New Contributor
CBuff
Posts: 64
Registered: ‎11-23-2007

Re: Verizon Wireless Credit Check?

Awesome, thank you all for your responses.  I get a little anxious about things like this because my fear is that I would be flat-out denied and embarassed in front of a whole store.  Thanks for easing that anxiety!

Starting scores in 2007: sub 600
April 2011 scores: EXP - 662; EQ - 683; TU - 675
June 22, 2011 scores: EXP - 662; EQ - 694; TU - 685
June 29, 2011 scores: EXP -681 ; EQ - 694; TU - 710
Goal: 700+
New Contributor
Renata
Posts: 140
Registered: ‎04-03-2009

Re: Verizon Wireless Credit Check?

You definitely won't be denied -- they'll just pull your credit (hard inquiry on EX & TU for me) and run it through their evaluation system, which will determine what kind of deposit you would require, if any.

 

I'm in the 400s-500s score range and they asked me for a $400 deposit to start a contract/get a phone two months ago.

 

I don't think it's possible to get denied unless you've been blacklisted due to past issues with them... they just hike up the deposit according to how 'bad' your credit is. The good thing is that they give you back your deposit with slight interest after 12-14 months. But you have to keep your payment history absolutely impeccable.

 

 

-Renata ~ on a positive credit quest.
It's a long road...
TODO: Paid off all outstanding debt 12/10 :: Correct all inaccurate items on CRs (ongoing) :: Send out letters of GW 6/24 :: Save for deposit on secured CC (ongoing) :: Apply for secured CC :: Get TU FICO :: Get EX FICO :: Get EQ FICO :: Choose longterm CMS

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