Verizon Wireless spokeswoman Nancy Stark says Verizon’s proprietary scoring models take into account a variety of factors. “We do not use generic scoring models, such as the FICO score. Verizon Wireless uses a custom credit scoring model, which focuses on applicants’ risk of not paying their mobile bill,” says Stark. It's extremely important to know your credit scores before signing up for new wireless service (or in some cases upgrading your current service) because Verizon uses these scores to determine if you are eligible for service and if a downpayment will be required. If you have a credit score below 720 you may be required to pay a substantial Says we need $125 deposit per line. We were floored. I have a credit score of 760 and my wife's is a 720. Plenty of established credit and everything is always on time. Those credit scores don't require a deposit IMO. Six years ago I got Verizon service and my score was around a 620 and I didn't have to put a deposit down. What gives??? I have read that if you have a credit score below 720, you may be required to pay a substantial deposit for service.That's the median FICO score, so half of us must come up with a deposit! I have also read someone saying that while EQ may be pulled, Verizon uses its own scoring system.If so, I wonder what it is and if you can get a printout if requested. Virtually all cell phone providers require a credit check before service is activated, and those with a credit score that fails to meet their internal checks must pay a hefty but refundable deposit. Here’s a look at both AT&T and Verizon’s approach to bad credit applications and what you should expect.
Does anyone know what Verizon Wireless requirements are for new service? Is there a particular credit score they are looking for? If so and
Credit checks and deposits are also required for new mobile phone programs, such as AT&T Next and Verizon Edge, which do away with the traditional cellphone subsidies and contracts, yet still allow customers to finance a phone over time. To sum things up, always check your credit score first to see if it is good enough to be accepted for a cell phone contract. If not, then ask around all the usual major cell phone providers such as Verizon , T-Mobile , Sprint , etc and they might have no credit check plans, although some of the features might be limited. When I was with AT&T years ago, they didn't require a deposit from me. When I ported out from AT&T and went to Verizon about 7 years ago (my credit score was probably around 640-650 at the time), they required a $125 deposit from me for each line (I ported over 2 lines). If you have no credit chances are you will need to pay a deposit. It can range from $100 - $400 and the exact amount depends on your credit history - if you have no credit or bad credit you may be at the upper end of that range. You can estimate your Verizon deposit using this calculator. Since there's the possibility of financing devices worth hundreds of dollars it is imperative you have decent credit. When I was new to Verizon my Credit score was in the low 600 range, basically the same situation. I had a credit card for a few months but that was it. I was not eligible for DPP and had to do a 2yr contract with a $125 deposit. The refund will be applied to your credit or debit card. If your payment card is not available, the refund will be applied to your bill. If you live in Virginia, Verizon holds your deposit for 6 months. To qualify for a deposit refund, your payment history must show that 5 out the last 6 bills you paid your bill in full and before the due date.
8 Jun 2018 A brief overview of the simple process for checking your credit requirements on Verizon so you know what to expect.
Credit checks and deposits are also required for new mobile phone programs, such as AT&T Next and Verizon Edge, which do away with the traditional cellphone subsidies and contracts, yet still allow customers to finance a phone over time. To sum things up, always check your credit score first to see if it is good enough to be accepted for a cell phone contract. If not, then ask around all the usual major cell phone providers such as Verizon , T-Mobile , Sprint , etc and they might have no credit check plans, although some of the features might be limited. When I was with AT&T years ago, they didn't require a deposit from me. When I ported out from AT&T and went to Verizon about 7 years ago (my credit score was probably around 640-650 at the time), they required a $125 deposit from me for each line (I ported over 2 lines).
13 Dec 2019 Which Credit Reports Do AT&T, T-Mobile, Sprint, and Verizon Pull? In a way, the agreement for a loan and the agreement for paying a monthly you'll need to have a good score, there are some short-term fixes you can try.
When I was with AT&T years ago, they didn't require a deposit from me. When I ported out from AT&T and went to Verizon about 7 years ago (my credit score was probably around 640-650 at the time), they required a $125 deposit from me for each line (I ported over 2 lines).
If you would like to get a cell phone contract with Verizon Wireless, you must pass the not state a minimum credit score or list the credit criteria for contract approval, You will need to find someone who will trust your ability to make timely
To sum things up, always check your credit score first to see if it is good enough to be accepted for a cell phone contract. If not, then ask around all the usual major cell phone providers such as Verizon , T-Mobile , Sprint , etc and they might have no credit check plans, although some of the features might be limited. When I was with AT&T years ago, they didn't require a deposit from me. When I ported out from AT&T and went to Verizon about 7 years ago (my credit score was probably around 640-650 at the time), they required a $125 deposit from me for each line (I ported over 2 lines). If you have no credit chances are you will need to pay a deposit. It can range from $100 - $400 and the exact amount depends on your credit history - if you have no credit or bad credit you may be at the upper end of that range. You can estimate your Verizon deposit using this calculator. Since there's the possibility of financing devices worth hundreds of dollars it is imperative you have decent credit. When I was new to Verizon my Credit score was in the low 600 range, basically the same situation. I had a credit card for a few months but that was it. I was not eligible for DPP and had to do a 2yr contract with a $125 deposit.