cell phone bill/credit report

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May 30, 2007
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#1
monthly service

Does your cell phone bill appear on a credit report, ie like a car loan or credit card would? The reason I ask is because now I am on a family plan so my current account is not in my name (even though I pay for my share each month). I want to get an iPhone so I will get off the family plan and get my own plan, so it will be in my name. Anyway, I will be getting an apartment soon, and when they run a credit report on me, I want to know beforehand if the cell phone bill will show up as an open account

I know this is not really the type of thread people want to read, but I appreciate your replies
 

thinkart

New Member
Bronze
Jun 16, 2007
212
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Mid-MO
#2
As far as a credit report goes, I understand that cell phone companies check your credit, but my question is, does your cell phone bill appear on a credit report, ie like a car loan or credit card would? The reason I ask is because now I am on a family plan so my current account is not in my name (even though I pay for my share each month). I want to get an iPhone so I will get off the family plan and get my own plan, so it will be in my name. The reason I ask is because I will be getting an apartment soon, and when they run a credit report on me, I want to know beforehand if the cell phone bill will show up as an open account

I know this is not really the type of thread people want to read, but I appreciate your replies
no it wont if it isn't in your name. i am the main person on my family plan with my girlfriend. no where does it even say her name on the bill. they don't have her SS# so they can't put anything on her credit
 
May 30, 2007
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#3
I was probably a little confusing in my first post...but to clarify, right now I understand that my current account (family plan) does not show up on my credit report...I just have my car loan and AMEX account. Basically, I'm wondering if when I switch to an iPhone and the account will be on my name if that will show up on my credit report (as well as the amount each month). I can easily afford it, but some of these places have very strict debt-income requirements, and the addition of $80-100 per month wouldn't be the best thing for me while I look for an apartment.....so now I'm thinking that if this is the case and it is on the credit report, then I may just wait until I get a place then get an iPhone ....but that would be a few months off:(
 

soloudinhere

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Jun 18, 2007
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#4
If you're looking for housing, it is generally considered best to not apply for new credit (i.e. a cell phone, they will do a hard pull on your credit) while looking. Multiple credit pulls by landlords will count as one, but the second credit app might hurt you.

I wouldn't risk losing the apartment you really want just for a new phone. As soon as you find one, then go get it, but generally it's best not to apply for new credit within 3-6 months of looking for new housing.
 

ColsTiger

Zealot
Gold
Mar 8, 2007
5,856
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Columbus, GA
#5
I was probably a little confusing in my first post...but to clarify, right now I understand that my current account (family plan) does not show up on my credit report...I just have my car loan and AMEX account. Basically, I'm wondering if when I switch to an iPhone and the account will be on my name if that will show up on my credit report (as well as the amount each month). I can easily afford it, but some of these places have very strict debt-income requirements, and the addition of $80-100 per month wouldn't be the best thing for me while I look for an apartment.....so now I'm thinking that if this is the case and it is on the credit report, then I may just wait until I get a place then get an iPhone ....but that would be a few months off:(

Or just get the new phone and stay on the familytalk plan your're currently using. You won't need a new plan to get the iPHone. You will need to be able to extend your current contract for two years though. IF you're not the primary account holder, then he/she will need to extend that contract at the time of the iPhone purchase.
 

thinkart

New Member
Bronze
Jun 16, 2007
212
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0
Mid-MO
#6
~don't worry~

the amount of your debt wont show up with a cell phone account. im pretty sure it wont even say you have one. it will show that AT&T looked at your credit...the apartment will know you just got a cell phone. no big deal. that wont look bad to them. everyone has cell phones! if you miss a cell service payment for more than 60 days, a bad mark goes on it. that is what AT&T is looking for when they search your report.
 
May 30, 2007
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#7
thanks a lot for all the replies so far....

little bit more info:

I would stay on the current family plan to avoid this, but there is a little problem I didn't mention.....said family plan is with Verizon. Luckily I'm up for renewal so I wouldn't have to pay a cancellation fee - I would just be a new ATT customer.

As far as the credit report goes...I'm not as concerned about the credit checks showing up (ie that the housing company would see ATT checked my credit). My credit is excellent right now.....the thing I am concerned about is the new debt that would show up on the report, in effect altering my debt-income ratio. As I said before, I pay my share of my family plan now and would have no problem paying $80-100 month for the iPhone service, but from the housing company's point of view, it will raise some eyebrows if they see an additional $80-100 in debt each month (in addition to my auto loan).

Would someone at ATT be able to give me a firm answer on this? Anyway, if the amount does show up on my credit report, I obviously not risk the housing to get the iPhone....it sucks because I can switch on the 29th with no cancellation charge. And I would likely move into my new place in Oct, so waiting that long for the iPhone will be painful now that I have been getting my hopes up on getting it next week.

Sorry for the long winded reply, but I appreciate any thoughts, advice, etc


EDIT - Thanks Thinkart - I didn't see your reply before posting this reply. I'll see if i can get a hold of someone to ATT to verify all of this. If thats the case, then iPhone it is next week
 

Marksman

New Member
Bronze
Jun 4, 2007
335
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#8
Cell phone will only show up on your credit report if you don't pay your bill.

They don't report the account to the credit bureau, but if you don't pay they will report that.

I don't think they report late pays, just defaults.
 

Spin This!

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May 4, 2007
504
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#9
You have a current credit card right? I don't think a hit from a cell phone company is going to affect your credit score much in the long term. I think you'll find the problem is in this country is lenders tend to give people too much credit... rather than deny them. Just look at all the credit card debit in this country.

from the housing company's point of view, it will raise some eyebrows if they see an additional $80-100 in debt each month (in addition to my auto loan).
Have you ever not paid the auto loan? They know people have expenses, so I doubt that will make any difference. If you're so strapped for cash each month that the extra $80-$100 is going to affect your bills, for all means, for yourself, don't get the phone for financial sake and stay on your family's share plan until things settle down. I know that's probably not what you want to hear, but don't overextend yourself either.
 
May 30, 2007
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#10
You are misunderstanding my question....

I am not concerned with my credit rating. My credit rating is excellent and everything on there is current. Also, I have absolutely no problem paying $80-100/month for the iPhone service plan.

My question was whether or not the housing company would see the amount of the cell phone bill each month (like they see with an auto payment, credit card, etc) because they have very very strict ratios that they adhere to. It's not like with the addition of the phone that I would be out of these boundaries, but obviously it would change the ratio in an unfavorable way, and wouldn't want them saying "no" because of the monthly payments that they would 'see' on the report. (I'm paying ~$60/month currently, but that is not 'seen' on a credit report because the account is not in my name...I'm just paying my share, so obviously the jump to $80 is no big deal)

I was just curious as to what actually comes back on a credit report from having a cell phone, and a couple of the posters said that the actual amount of the bill (revolving) is not reported to the credit agencies.