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Advice needed

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Readyforchange
New Contributor

Advice needed

I am scheduled for closing in two weeks but I need a cell phone now. Will it hurt me to get a new contract before closing?

Starting Score: EQ-543
Current Score: EQ-622, TU- 619, EX? 10/13/13 EX Lender pull 637
Goal Score: 650



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Message 1 of 4
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pizzadude
Credit Mentor

Re: Advice needed


@Readyforchange wrote:

I am scheduled for closing in two weeks but I need a cell phone now. Will it hurt me to get a new contract before closing?


Are you renewing an existing contract ?  Or getting a contract with a provider that you haven't done any previous business with ?   If you are talking about the latter situation then it could result in a hard pull, which might drop your FICO score by a few points.

 

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 2 of 4
webhopper
Moderator Emeritus

Re: Advice needed

Get a prepaid phone and just swap out the Sim card... it should get you by for 2 weeks.

Don't sign a new contract because they will pull your credit.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.

Goal: Gardening!


Message 3 of 4
vlaw1084
Contributor

Re: Advice needed

see if you can buy a cell phone outright with the same carrier from a local bargain site, but do not sign another contract before you close. 

Message 4 of 4
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