on 05-01-2018 00:04
Solved! Go to Solution.
on 05-01-2018 00:18
on 05-01-2018 00:35
O2 will do a credit check when you add a phone. When you upgrade there is normally no further credit check.
Your credit file will list all current and available borrowing you have. Anything such as a mortgage and any credit cards you have whether you have a balance or not will show. The higher the credit card limit the more borrowing potential you have. These checks are there to protect O2 or any lending company and also to protect yourself.
If they feel that you may overstretch yourself and that you may not be able to make your payments they will ask for a deposit which will be returned after they see regular payments for both accounts.
I agree, £600 is a hefty deposit but the iPhone X is a top of the range £1000+ phone and with the monthly payments over the length of the contract, that's a big credit commitment. O2 need to know you can meet this commitment.
People's circumstances can change, sometimes for the better but sometimes financial crippling. You can understand why O2 want that kind of deposit.
I certainly wouldn't be able to get a phone on credit now. My circumstances changed disastrously in one second of sheer stupidity by someone so I'm speaking with bitter experience.
on 05-01-2018 09:05
on 06-01-2018 03:42
You missed the bit where I mentioned paying both bills and then......