topic Re: Do all cell phone contracts show up on credit report as TL??? in General Credit Topics

Do all cell phone contracts show up on credit report as TL???

Anonymous — Sun, 28 Jun 2020 16:32:09 GMT

Hello,

I have had Boostmobile for years. Buy the phone no contract, thus nothing on my credit report.

I am figuring since the other carrriers offer "contracts" with financing, that there is a chance they show up on credit reports as a TL. That dang Samsung S20 Ultra has been on my mind!!! In trying to separate my needs vs my wants---the newer camera/zoom is winning me over; especially since the camera in my S7 Edge is messed up.

So, I am trying to avoid a new TL from Sprint/Verizon etc on my credit if I purchase the phone through one of them and get the contract. So I am wanting to find out the damage it will bring to my credit reports.

On a side note, Boostmobile does have the Samsung S20 (base model) listed for sale on their website for $200 down and $27 month. It keeps selling out as one day it shows in stock then few days later out of stock. No SP or HP on credit though they ask for SS# and Driver license information---they provide a statement saying this information is used as identity check not a credit check, they will not be quering credit bureas or requesting credit scores.

So I am curious if other carriers show up on credit report as a tradeline where you have financed the phone through them? I read on here in a thread that Samsung.com finance does show up.

Thanks!!!

Re: Do all cell phone contracts show up on credit report as TL???

simplynoir — Sun, 28 Jun 2020 16:40:21 GMT

At least with AT&T any phone financed just shows up on your bill with the monthly installment like an additional charge til the phone is paid off whether that is through the payments themselves or an early payoff. There is no mention of the financed phone on your credit reports

Re: Do all cell phone contracts show up on credit report as TL???

Anonymous — Sun, 28 Jun 2020 18:41:50 GMT

Verizon, AT&T, and Sprint never appeared on my CR unless I stopped paying.

Re: Do all cell phone contracts show up on credit report as TL???

Anonymous — Sun, 28 Jun 2020 19:15:03 GMT

Yeah they typically only make it on your credit report if they go to collections.

Re: Do all cell phone contracts show up on credit report as TL???

Ficoproblems247 — Sun, 28 Jun 2020 20:37:24 GMT

I wonder if wireless carriers report to the NCTUE? I've been in the industry for over 12 years, but as a line level employee such information is not devulged to me. I may have to order a copy of that report just to see. Definitely +1 on what the others have said in that wireless bills and device financing are not reported to the big 3. Older copper based home phone and internet (POTS line/DSL) were actually reported in some cases by some companies, but not the newer fiber based stuff to my knowledge, and not the cellular accounts.

Re: Do all cell phone contracts show up on credit report as TL???

EAJuggalo — Sun, 28 Jun 2020 20:41:34 GMT

My CR shows a HP from Verizon but no tradeline. The only way you are going to get around the HP for one of the major companies would be to pay for the phone outright.

Re: Do all cell phone contracts show up on credit report as TL???

Ficoproblems247 — Sun, 28 Jun 2020 21:34:20 GMT

@EAJuggalo wrote:
My CR shows a HP from Verizon but no tradeline. The only way you are going to get around the HP for one of the major companies would be to pay for the phone outright.

The HP will come regardless if your purchase the device outright or not. The HP comes from opening a post paid account, vs a prepaid account. It is not dependent on how you purchase the phone itself.

Re: Do all cell phone contracts show up on credit report as TL???

Anonymous — Sun, 28 Jun 2020 22:32:12 GMT

Thank you all!!!!!!

Re: Do all cell phone contracts show up on credit report as TL???

Anonymous — Wed, 01 Jul 2020 11:32:51 GMT

I am thinking to get the unlocked phone. I saw a post someone on here that the person used samsung.com finance and it showed up on credit report.

Can anyone else confirm/deny if samsung shows up credit report as TL???

I have had boost for umteen years, so would use boost service if I don't have to go one of the other carrier routes.

Re: Do all cell phone contracts show up on credit report as TL???

Iusedtolurk — Wed, 01 Jul 2020 12:10:19 GMT

@Anonymous wrote:
I am thinking to get the unlocked phone. I saw a post someone on here that the person used samsung.com finance and it showed up on credit report.

Can anyone else confirm/deny if samsung shows up credit report as TL???

I have had boost for umteen years, so would use boost service if I don't have to go one of the other carrier routes.

I have a Samsung Galaxy financed through BoostUP and it does not show on credit report. (financed 8 months ago).

Re: Do all cell phone contracts show up on credit report as TL???

Anonymous — Wed, 01 Jul 2020 13:16:54 GMT

@Iusedtolurk

I actually purchased the S20 through boostmobile boost-up plan just recently. Problem is the width of the screen is actually narrower than my S7 edge(the S20 is longer). I have adjusted different icons/font sizes etc...turns out to me that it is a big difference in the width of the phone. I have verifed 20/15 vision---but my age is catching up with me...lol on that up close stuff!!! I am treating myself with this phone because I love the camera features!!!

The other weird feature with Boostmobile (unless I missed it in the fine print). This S20 5G phone retails $999, on sale on boost for $899, today has 10% discount-makes it $809+ tax if you buy it straight out.

Using the Boost-up plan it is $200 down, 18 months @ $27(equals $486), which comes out to $686.00

I could not find anything in the fine print (again, unless I missed it!!!) that shows there is a buy out or something that makes up the difference in the pricing from straight buy out vs the 18 month plan?????

Boostmobile has a 7 day return policy, so that is why I have been trying to figure out alternative option to get the wider S20 phone. The S20+ is same width as my S7 edge, the S20 Ultra is the monster 3 inch wide and 6.9 inch tall!!!! Looking for the S20+, I would easily keep it for 3-4 years as I have with my phones in the past.

Re: Do all cell phone contracts show up on credit report as TL???

FlaDude — Thu, 02 Jul 2020 19:46:40 GMT

@Anonymous wrote:
Verizon, AT&T, and Sprint never appeared on my CR unless I stopped paying.

I'll second that Verizon has never shown up on my credit report even though I've bought phones on the 24 month payment plan with them.

Re: Do all cell phone contracts show up on credit report as TL???

Anonymous — Thu, 02 Jul 2020 23:11:40 GMT

I spoke to the Rep at T-mobile and she told me it could go either way with a SP or HP. She warns the customer up front about it. She got a phone from them and it was a SP but she has had customer show/tell her it was a HP on credit report.

I think I will just buy the phone unlocked from Samsung outright on credit card. Samsung offers a good military discount and I will be able to pay it off within 6 months on my card.

Appreciate the info from everyone!!!

Re: Do all cell phone contracts show up on credit report as TL???

805orbust — Fri, 03 Jul 2020 11:58:10 GMT

If you're already a tmobile customer there is no hp. I've done it with about 20 phones over the years. Shows up only on your phone bill. Samsung's in house financing is provided by TD Bank and I believe reports as normal. Your decision to buy outright with a cc is sound.