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iPhone Loan (not showing) on Credit Reports

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New Member CH4
New Member

iPhone Loan (not showing) on Credit Reports

Hello MyFico,

 

I have an iPhone loan since the past 3 months, the loan is with Citizens One (I believe they work with Apple to finance the iPhone)

The issue is, the loan does not show on any of my credit reports

I might be completely wrong about this, but as far as I know, it should count as an installment loan and show on my report

 

 

How can I have this be fixed?

 

Thanks,

C

5 REPLIES 5
Established Contributor

Re: iPhone Loan (not showing) on Credit Reports

No lender is required to report to any CRA, however if they do the information is required to be accurate. The easiest way to find out if they report is to call them, also it can take several months to report.

Fico 8 12/9/17
Equifax 850, TransUnion 842 10/30/17 , Experian 842 12/11/17 . AAOA 12 years Oldest 20
No inquires since 2014
All credit reports frozen
Fico 8 Equifax Bankcard 866 12/27/16
Message 2 of 6
Moderator Emeritus

Re: iPhone Loan (not showing) on Credit Reports

It doesn't report unless it goes deliquent or defaults IIRC; there was a thread here and elsewhere when they first started offering it and my understanding was it didn't report.




        
Message 3 of 6
Established Contributor

Re: iPhone Loan (not showing) on Credit Reports

Correct, it doesn't report. I have had one for six months now and it doesn't report.

You DO get hit with a HP though.

Amex BCE $40k || BoA Travel $5k || FirstTech MC $5k || BECU PLoC $10k || Discover Miles $27.7k || CITI DC $27.5k || CHASE Amazon $12.5k || BoA Premium Rewards $31k || BoA Cash Rewards 26k // AU on DW's Costco Visa $12k FICO8 774
Last Inq 04/2018
Message 4 of 6
New Member CH4
New Member

Re: iPhone Loan (not showing) on Credit Reports

Ah, that's a bummer

The only reason and I got this was to have an installment loan show up on my credit report.

Oh, well - guess I should have done my research

Message 5 of 6
Valued Contributor

Re: iPhone Loan (not showing) on Credit Reports

Confirmed, my brother has had it for some time now and it doesn't report.

Gardening until September 2019
Next app: Mortgage in September 2019
Message 6 of 6
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