So my contract at verizon has switched to month to month and I need to upgrade my phone which will require a two year contract. My understanding is that verizon will do a HP on my credit even though I have been their customer for several years at the very least. Is the inq going to impact my credit card applications coming up this summer? Is there a way to avoid the HP as an existing customer? Its really stupid and is right up there with their $30 upgrade fee. They are charging me $30 for the privilege of buying a phone from them and entering a two year contract!
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@red259 wrote:So my contract at verizon has switched to month to month and I need to upgrade my phone which will require a two year contract. My understanding is that verizon will do a HP on my credit even though I have been their customer for several years at the very least. Is the inq going to impact my credit card applications coming up this summer? Is there a way to avoid the HP as an existing customer? Its really stupid and is right up there with their $30 upgrade fee. They are charging me $30 for the privilege of buying a phone from them and entering a two year contract!
i try to not think about how cell carriers are ripping me off , it will make me sad. If i didn't have an ancient att plan i would have dropped them an long time ago for one of those prepaid plans
@Mailak wrote:
@red259 wrote:So my contract at verizon has switched to month to month and I need to upgrade my phone which will require a two year contract. My understanding is that verizon will do a HP on my credit even though I have been their customer for several years at the very least. Is the inq going to impact my credit card applications coming up this summer? Is there a way to avoid the HP as an existing customer? Its really stupid and is right up there with their $30 upgrade fee. They are charging me $30 for the privilege of buying a phone from them and entering a two year contract!
It will register an an iquiry but no damage because of new account, or affect average age of accounts, etc. I'm thinking of taking an inquiry hit myself for opening an account with Charles Schwab. Probably doesn't matter as much if you don't have as many inquries but it will surely affect the score a bit.
Yea, my number of inqs are getting up there this year because I went for the citi AA Exec card, although I have three inqs that will go over a year old in june and 3 inqs that will go over six months in june as well. Not sure if I will make it to aug for my next app cycle.
@EW800 wrote:Hoping someone can clairify this for me.... I have been a Verizon customer for about ten years or so. Never a late payment. Are they doing a soft pull on me everytime I do do an upgrade? I have three phone lines on my account, so basically that is three upgrades every two years. I was not aware that they were doing any credit checks on me when upgrading. Hope someone can clairify. Thanks!
They are not in my experience, nor did Sprint.
Think we're overblowing this topic substantially.
