- Apr 7, 2010
- Reaction score
In my opinion, you should sit down and do some calculations on the point you made about being able to afford the two year contract. If you have Low or Bad credit (whichever it may be), not being able to pay your monthly bill at any point in time could/will adversely effect your credit, making your bad credit worse or your low credit bad. Of course things can be worked out with the company, but you shouldn't go into a contract without knowing that you can sustain the payments.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.
Do your math on the payments and what you can afford, then make your decision. Don't get in over your head and mess up whatever credit you do have. FYI, just a 30 day delinquency takes about 7 years to come off of your credit report.