Verizon Wireless has strict credit check requirements . Verizon checks the level of debt you are currently managing, charged-off/collections accounts, payment history and the limits on your credit accounts. If your credit score is lower than 650, you may have trouble getting approved or required to pay a large deposit.
This is what we found. Verizon Wireless tends to have strict requirements as far as credit checks go. Verizonwill run your credit to check the level of debt you are currently managing , whether you have charged-off or collections accounts, your payment history and the limits on your credit accounts.
Another thing we wondered was, do they do a credit check when buying a phone?
Yes they do a credit check . And sometimes they make a mistake and do it when no one requested the upgrade or addition. Then, there is no one to talk to, because why would they care they messed with someone’s credit., and be careful. I think pay by the month plans (pre-paid) is the safest way to go.
How do I Check my Verizon credit score?
Choose your device and options. The credit application process starts with browsing Verizon’s selection of smartphones, tablets or other devices 2 2. Pick a plan, options and enter information. Enter credit and payment information. Agree, complete and confirm .
Since the credit score needed to be approved is around 620, the Verizon card is open to a larger audience. If you plan on building up your credit score, you can start by getting credit cards with no annual fee and keeping them forever .
Verizon checks the level of debt you are currently managing, charged-off/collections accounts, payment history and the limits on your credit accounts. If your credit score is lower than 650 , you may have trouble getting approved or required to pay a large deposit.
By looking at Synchrony’s other credit cards and the average minimum credit score, you’ll need a credit score of 620 or higher to be approved . This makes the Verizon Visa one of the best credit cards you can get while also having a lower bar for the credit score.
What do you need to apply for a Verizon credit card?
Must Be a Verizon Customer: To apply for this card, you must be a current Verizon wireless customer and have 10 phone lines or fewer on your account. If you aren’t a Verizon wireless customer yet and want to apply for the card, you have to first sign up for Verizon wireless service .
One frequent answer is, excellent credit is defined as having a score of 750 or higher . Bad credit is considered anything below 600.
Are Verizon prepaid plans good for bad credit?
Verizon prepaid plans are great options for individuals with bad credit or prefer cheaper no-contract plans. You can read our review of Verizon Allset Prepaid Plans here. If these plans look expensive, but you want to join the Verizon network, my suggestion to keep you eye out for a deal.
Is Verizon visa a good credit card for bad credit?
The Verizon Visa is not the best choice if you need to carry a balance long term, as the card comes with a variable APR between 18.74% and 25.74%. The low end is still higher than the average credit card APR and the high end is high even compared to the average APR on a credit card designed for bad credit.
Since the Verizon Visa stretches this credit across 24 months, you’ll need to stick with the carrier for at least the near future and be diligent about paying on time, lest you forfeit the bonus. The Verizon Visa is not the best choice if you need to carry a balance long term, as the card comes with a variable APR between 18.74% and 25.74%.
Can I be instantly approved for the Verizon credit card?
Yes, you can be instantly approved for the Verizon credit card, though instant approval is not guaranteed. Once you’re approved, you can also use the card instantly for Verizon purchases .