What if I have no credit?

Welcome to our Community
Wanting to join the rest of our members? Feel free to sign up today.
Sign up

DMcGrew

New Member
Bronze
May 30, 2007
282
0
0
#1
I've heard that Cingular/ATT makes you pay a $1000 deposit if you don't have credit. Is that true? If so what does that $1000 go towards? Would it go towards all of my monthly bills until it reaches $1000?
 

mav

New Member
Bronze
May 9, 2007
356
0
0
#3
If you have no credit, a couple of things can happen...

- AT&T can outright deny you, meaning under no circumstances, will they sell you a phone and plan. Your only choice at this point is to get something pre-paid, which the iPhone will not be available.
- AT&T will approve you with conditions. The condition is a deposit of $500 - $1,000+. The deposit will not go towards your monthly bills, it will just sit there with AT&T until you decide to cancel your contract.
 

cooper

New Member
Jun 6, 2007
15
0
0
#4
You can also get a co-signer. If you know anyone who has credit and is willing, they can vouch for you.

However, I don't remember the deposit being anywhere near that high when I signed up with AT&T
 

cooper

New Member
Jun 6, 2007
15
0
0
#6
I've had a plan with AT&T for years. If I change the plan, they won't make me do any of that stuff will they?
 

wjp09

Zealot
Gold
Feb 25, 2007
2,559
25
48
NJ
#7
I doubt it. They would never want to not take advantage of a situation where they will gain money.
 
Jun 9, 2007
10
0
0
#10
I've heard that Cingular/ATT makes you pay a $1000 deposit if you don't have credit. Is that true? If so what does that $1000 go towards? Would it go towards all of my monthly bills until it reaches $1000?
In that case you should try prepaid service, I did it twice;)
 

KELLIEJOHN

New Member
Jun 5, 2007
14
0
0
ST AUGUSTINE, FLORIDA
#11
If you have no credit, a couple of things can happen...

- AT&T can outright deny you, meaning under no circumstances, will they sell you a phone and plan. Your only choice at this point is to get something pre-paid, which the iPhone will not be available.
- AT&T will approve you with conditions. The condition is a deposit of $500 - $1,000+. The deposit will not go towards your monthly bills, it will just sit there with AT&T until you decide to cancel your contract.
As an At&t employee I can honestly tell you that's not true. I've seen up to $1000.00 deposits, but we never flat out deny anybody. They have the option just like you said to get a PRE-paid plan. Which is not a denial. But the deposit that anyone puts down will get credited to their account exactly 1 yr to the date to their acct. They never keep it.
 

KELLIEJOHN

New Member
Jun 5, 2007
14
0
0
ST AUGUSTINE, FLORIDA
#12
I've heard that Cingular/ATT makes you pay a $1000 deposit if you don't have credit. Is that true? If so what does that $1000 go towards? Would it go towards all of my monthly bills until it reaches $1000?

Hi, I work for At&t and yes if you have bad credit we/they will make you put up a depoit, however; they do not keep it. It will get credited to your acct exactly 1 yr from the date you sign up for service depending on how you make your pymts. If you amke your pymts with them on time every month, they will credit it, if not they will keep it then. And the good thing is that it's not always a $1000.00 deposit, I've seen it before but only once in my 2 yrs of service. The average deposit is $100.00-$300.00. Good luck! :)
 

ATTingular

New Member
Bronze
May 27, 2007
75
0
0
#13
The deposit you pay is based on several factors, mostly credit. If you have no credit, than a number is calculated based on the credit of your parents or legal guardians. People with absolutely no credit data, like a person fresh off the airplane from a foreign country with a brand new social security card, will pay a $500 deposit. If you're required to pay more than that, then you've almost certainly done something to #### up your score.
 

nrs02

New Member
Jun 12, 2007
17
0
0
#14
I got cingular back in 2002. I had no credit at the time, never had a bill in my life. Sprint wanted me to put down $500, and i found the same at other cell phone stores. I finally went to cingular and they didn't want me to put down anything! Now this might have changed since they are now AT&T.
 

carlop

New Member
Jul 8, 2007
1
0
0
#15
I went in to the store today because I also have no credit and its a $150 deposit for me.
when you say "no credit," how literal is that? i have no credit cards. i want an iPhone, i'm willing to pay a security deposit and get some sort of credit card to pay for it. should i bother?
 

Swagger

New Member
Gold
Jul 9, 2007
2,076
1
0
Fort Lauderdale, Florida
web.me.com
#16
Corrected Statement on Prepaid

If you have no credit, a couple of things can happen...

- AT&T can outright deny you, meaning under no circumstances, will they sell you a phone and plan. Your only choice at this point is to get something pre-paid, which the iPhone will not be available.
- AT&T will approve you with conditions. The condition is a deposit of $500 - $1,000+. The deposit will not go towards your monthly bills, it will just sit there with AT&T until you decide to cancel your contract.
Sir,
With all do respect, you are wrong. You can get the iPhone on prepaid. I first activated my iPhone on a regular account. I then thought how I didn't want to be locked into a 2 year agreement. I switched to prepaid, not pay as you go, but prepaid. There is a difference. With prepaid you have to give them a credit card (or maybe they accept debit cards also, don't know though) to deduct your monthly payment. You get a few less minutes but no contract..M
 
Jul 15, 2007
8
0
0
#19
your getting ripped pretty hard because I had to pay $0 with no Credit. I have no Idea why. I was expecting to pay like $500 for the deposit but to my surprise the lady told me i was approved for $0. That was a HUGE relief.:laugh2: