topic Re: iPhone Upgrade Program....credit impact (opinions please...) in General Credit Topics

iPhone Upgrade Program....credit impact (opinions please...)

Anonymous — Tue, 13 Nov 2018 15:37:15 GMT

I posted previously about being on the iPhone Upgrade Program. I have been on it for three years and have had 2 credit lines. 1 Credit line for one phone until it was paid off, and then the other two phones were upgraded each year meaning they paid the rest of the loan and opened another one.

Two Questions....my credit score over the last year due to financial difficulties and dumb mistakes (I am in my late 20's and learning the hard way) has dropped and is only 570ish from low 700's in the last year after getting a new car and buying a new computer....My phone is broke and the easier option is to upgrade (which is why I am on the plan anyway)..

They can't guarantee that it will be a hard pull (they said it might be soft / hard because I have been on the program for 2 years already). How much do you guys think it will impact my credit score?
Do you think it will be approved? I have had an excellent payment history with them and only missed 1-2 payments over three years. They told be if not approved, I could appeal it and they would most likely push it through because of my history with them.

I really don't want to pay for a blown speaker and microphone and have been having a ton of issues with this phone...I am working on rebuilding credit and have some professional's in my family that are helping with this so I am trying to also get some other outsider opinion's and thoughts as well..

Thanks for your input and answers, I really appreciate it.

Re: iPhone Upgrade Program....credit impact (opinions please...)

RonM21 — Tue, 13 Nov 2018 15:56:49 GMT

They can't guarantee that it will be a hard pull (they said it might be soft / hard because I have been on the program for 2 years already). How much do you guys think it will impact my credit score? Any new inquiry can cost around 5 to 7 points and effect your credit that way for up to a year.

Do you think it will be approved? That is anyone's guess, but I would say likely, due to your prior releationship with them. But of course, nothing is guaranteed. I have had an excellent payment history with them and only missed 1-2 payments over three years. They told be if not approved, I could appeal it and they would most likely push it through because of my history with them.

Re: iPhone Upgrade Program....credit impact (opinions please...)

CreditInspired — Wed, 14 Nov 2018 00:11:28 GMT

99.9% a HP.

If declined, ask about paying a deposit.

Re: iPhone Upgrade Program....credit impact (opinions please...)

Anonymous — Wed, 14 Nov 2018 17:32:14 GMT

It would be nice if this type of thing was reprted to the CB as an account in good standing and paid etc. Instead of just countless inquiries.

Also a good reason to purchase insurance on these new more expensive phones. IMO