Low Credit?

Discussion in 'Android General Discussions' started by PWN3R, Apr 21, 2010.

  1. PWN3R

    PWN3R New Member

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    I have decided that I'm going to buy a Motorola Droid, but I'm having trouble because our credit is low and the kind workers at the Verizon store say they need a $400 down payment as insurance? So I sold my iPhone and PS3 just so I could get this phone, but the thing is I don't know if it's worth all that I've lost and if we can afford the rest of the two year contract. So my question is should I only go with the data plan for internet or ask for a lower down payment?

    BTW the $400 that they want is for the phone and other accessories/plans which is usually only around $230 all together.
     
  2. jsh1120

    jsh1120 Silver Member

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    I'm sure you don't want to hear this, but you'd be far better off getting a free feature phone and get your credit in order.
     
  3. Backnblack

    Backnblack Premium Member
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    There are no Data only plans on VZW.

    Sent from my Droid using Tapatalk
     
  4. Droidfish

    Droidfish Member

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    Yikes, you really wanted this phone. You might want to ask your self why your credit score is so low to begin with don't buy it if you can't afford. It's only a phone. I've sold things to pay a bill(a ps3, lol), but I wouldn't recommend selling things in order to take on an extra bill.

    The truth is you can answer your own question without our help, just be honest with yourself.

    Sorry to come off all preachy, I'm not trying to assume anything as far as your personal finances go because only you know that.
     
  5. JhankG

    JhankG Silver Member

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    I'd rather have the PS3.
     
  6. nateccnn

    nateccnn Active Member

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    MSN Communities has a great web community that helps people build their credit scores. It starts with learning to live within your means. Pay down all your loans and revolving credit. Put money aside for rainy days. Build up a 6 month reserve so you don't have to sell things when you lose your job. After all that is done, then it is time to buy the toys. And yes...the Droid is a toy. Unless your employer provides it becasue it is needed for a job, it is not a neccesity. Cell service, for that matter, is not a neccesity.

    I really don't want to see you dig this hole any deeper cuz it will make the droid suck!

    Nate
     
  7. gruve

    gruve Member

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    Kind of a perfect example of why you have bad credit, living beyond your means. Paying VZW $400 isn't going to help your credit score, they keep the money then return it to you after a year incase you stop paying your bill, ie: early termination. VZW doesn't report to the credit bureau, they will only report you when you stop paying then send it to collections.
     
  8. iPirate

    iPirate Active Member

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    Droid is awesome and all but I wouldn't sell my xbox for it!
     
  9. pc747

    pc747 Administrator
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    will you run into the same problem if you bought it at walmart or wirefly. Just a thoght.
     
  10. dwagner88

    dwagner88 Member

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    +1. I would go back to my LG dare and a cheap plan before I sold my PS3. The OP probably needs to think about that poor credit score before taking on a $100+ per month "toy".
     
  11. hookbill

    hookbill Premium Member
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    Yep. Verizon runs the credit check. We got one from my wife on Amazon.
     
  12. iPirate

    iPirate Active Member

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    don't jump to judge and say he has bad credit, he said low. When a person is new to this country they have no credit and are often forced to pay insurance like the OP
     
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