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Thread: Do you need "good" credit to buy from Verizon?

  1. #1
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    Do you need "good" credit to buy from Verizon?

    I'm thinking about getting a phone from Verizon and a 2 year contract, but I want to know if good credit is a requirement because I have pretty bad credit.

    Thanks for the help!

  2. #2
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    You can always give it a shot, but be prepared to possibly have to pay a deposit in order to get service.
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  3. #3
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    Please be aware that they are not allowed to charge 1000.00 or other outragous deposits. They have affordable set rates of deposit.

  4. #4
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    Thanks for the replies guys. How much do you think it would be deposit wise?

  5. #5
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    That really depends on your credit. I don't think that anyone but the rep at the store can answer that for you.

  6. #6
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    The help is much appreciated! Thank you!

  7. #7
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    My co worker's wife had service with alltel, 3 lines, hers my coworkers and their son.
    Of course verizon bought alltel, she upgraded her phoen and her sons, my coworker kept his old phone and was no longer in contract.
    His wife passed a couple weeks ago and he wanted to end her line so I went into the store with him because they were saying that he couldnt end her contract without an early term fee.
    We got that straight and then tried to have the remaining 2 lines put in his name because he could get a 20% discount through our employer.
    They wanted $400 dollar deposit for the 2 lines because his credit isnt all that great due to some recent bad times.
    He cancealed all three lines.
    You will prob. see a 200 to 400 dollar deposit.
    Or you could get lucky and not have to pay one, wont hurt to try.

  8. #8
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    Deposits are either $125 or $400 you get it back in 1 year with good payment history

  9. #9
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    A guy who works for me with poor credit after filing bankruptcy a couple years ago had no problem being approved last week and wasn't required to pay a deposit. He worried about it for months but was paying way too much on prepaid.

    I think his credit score is something like 550.

  10. #10
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    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). After about 11-1/2 months, I called them up and they sent me a check to refund me the deposits on both lines.

  11. #11
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    most people should be able to open a plan w/ them.

  12. #12
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    I have also found that carriers do change their credit requirements in response to something. It could be market/competition, credit portfolio, or whatever moves them.

  13. #13
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    honestly i believe it depends on where u go as well. i went to an indirect and was told 125, then went to direct and was told no deposit on a new line.

  14. #14
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    I paid $100 per line for 2 smartphones back in 2007, they refunded my deposit after 12 months for both phones.

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