Credit Check quesitons

I have a question. I live in an area where CIngular has an excellent coverage map and Sprint does not. When I turned 18 in December and went to all the phone companies, Cingular wanted a $1,000 security deposit for someone with no credit whereas Sprint only wanted $150. I unfortunately had to go ith Sprint, but my question lies in at which point does that $1,00 start to lower. I have payed my cell phone on time for the 8 months I have had it and my credit card on time for the 6 months I have had it. I would really like to switch to Cingular but don't want to pay several hundred to do it. Another question, Since I want to start a family plan, if I bought both phones in full from another source, such as Ebay, does that affect the credit check? Thank you for your time in answering my questions.

if you have had 6 months of on time payments on your credit card and that reflects on your credit report that will lower and deposit req. heres the thing bad credit is better than no credit no the equipment does not effect the credit requirments of the credit check

where you have a service already with sprint... to me that works in your favour...but I dont think there is too many people who know that algorythm well enuf to explain it... presumably when your contract is up and you port your number in they are gonna run credit on you...you'll know then

If yoshietrosie did go ahead and cancel his Sprint contract, and pays the ETF. When Cigular runs the credit check, despite how the numbers come out, would Cingular (or anyone else) potentially look down on him b/c they see him as someone who does not stick to contracts? Or do they not care as long as his payment history has always been punctual?

here is the thing with most wireless carriers they do not report to the credit breaus it only get reported once the account is sold to a collections agenct if the bal is not paid off

Interesting. So my guess would be that if you are trying to start a credit history, then a wireless carrier may not be the best place to begin doing that. Would you agree with this?

the best place to start a credit history is a secured credit card

I guess that makes sense. At the moment I do not have a credit card but I'm grateful for the advice. I will have to keep that in mind for when I start shopping for one. Personally I've never really liked credit cards, and I only just received my first debit card a few months ago. I suppose that it is just a necessary evil.

CpTech31, you're absolutely wrong about that. Having a secured card is often worse than having no card at all, even as a first card. There's good information on building credit at the FatWallet Finance forum, but for now just keep paying your bills on time and try to keep your official address the same as long as possible, it doesn't have to be where you live, just somewhere you can get mail that won't change for a long time. Also, avoid having too many credit checks, whether they're from landlords, phone companies, or credit card companies. When you do decide to apply for a card, make sure it's unsecured and apply for 5-6 all on the same day so that one company doesn't see the credit check from the others. Bankrate.com is another good site.

Credit Check quesitons

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