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  • FIRST POST
    • alanwaken
    • By alanwaken 14th Sep 17, 8:47 PM
    • 3Posts
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    alanwaken
    Credit Rating for an EE phone contract?
    • #1
    • 14th Sep 17, 8:47 PM
    Credit Rating for an EE phone contract? 14th Sep 17 at 8:47 PM
    Hey guys.

    I fancy the new iPhone, but I've had problems with debt in the past. For the past 5 years I've been with StepChange and paying off my debts, I've not had any credit until this year where I got a builder credit card (aqua). I've raised my credit score to 306 now, but I'm worried about being declined and taking a hit on my rating. Is there a way of know what credit score someone like EE would require or anything?

    Any advice appreciated.
Page 1
    • DCFC79
    • By DCFC79 14th Sep 17, 9:07 PM
    • 30,264 Posts
    • 19,144 Thanks
    DCFC79
    • #2
    • 14th Sep 17, 9:07 PM
    • #2
    • 14th Sep 17, 9:07 PM
    Hey guys.

    I fancy the new iPhone, but I've had problems with debt in the past. For the past 5 years I've been with StepChange and paying off my debts, I've not had any credit until this year where I got a builder credit card (aqua). I've raised my credit score to 306 now, but I'm worried about being declined and taking a hit on my rating. Is there a way of know what credit score someone like EE would require or anything?

    Any advice appreciated.
    Originally posted by alanwaken
    Your credit score has no bearing, EE and lenders etc dont even see the rating/score. Everyone sees your history.

    Whether you get accepted is up to EE, they will look at your credit file and if they dont like what they see they will decline you.

    A cheaper option is to buy a phone outright and get a sim only plan.
    Last edited by DCFC79; 14-09-2017 at 9:17 PM.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • cjmillsnun
    • By cjmillsnun 14th Sep 17, 9:10 PM
    • 291 Posts
    • 196 Thanks
    cjmillsnun
    • #3
    • 14th Sep 17, 9:10 PM
    • #3
    • 14th Sep 17, 9:10 PM
    The credit score you see is meaningless. EE along with other people carry out a process called credit scoring. They look at your history (not the score), the details on the application form, and any previous history they have in their files about any previous accounts you may have had with them (think BT - who own EE, Orange or T-Mobile who were the companies that merged to become EE). They use all this data with a unique computer algorithm to create their own score based on their criteria.

    What I would say is can you afford it? Have you paid off all of your debts? Is it it worth getting a sim only contract for a few months first?
    • Ebe Scrooge
    • By Ebe Scrooge 14th Sep 17, 9:50 PM
    • 3,972 Posts
    • 3,391 Thanks
    Ebe Scrooge
    • #4
    • 14th Sep 17, 9:50 PM
    • #4
    • 14th Sep 17, 9:50 PM

    I fancy the new iPhone, but I've had problems with debt in the past. For the past 5 years I've been with StepChange
    Originally posted by alanwaken
    So, hang on, you've just spent 5 years getting out of debt ? And now you "fancy" spending the best part of a grand on a toy ? Hmm, I wonder why you got into debt previously ??
    I may not know much about art, but I know what I like.
    • alanwaken
    • By alanwaken 14th Sep 17, 10:21 PM
    • 3 Posts
    • 1 Thanks
    alanwaken
    • #5
    • 14th Sep 17, 10:21 PM
    • #5
    • 14th Sep 17, 10:21 PM
    Wow you guys are horrible. Thanks for the warm comments..
    • Nebulous2
    • By Nebulous2 15th Sep 17, 7:53 AM
    • 1,624 Posts
    • 985 Thanks
    Nebulous2
    • #6
    • 15th Sep 17, 7:53 AM
    • #6
    • 15th Sep 17, 7:53 AM
    A decline won't go on your record. All companies will see is a search, regardless of whether it is accepted or declined. Too many searches are an issue, but it sounds as though you haven't been making any.

    So the only way to know is to try.

    I'd share some other people's views that there are better / cheaper ways to run a phone, but as your mind is made up you don't appear to want these opinions.
    • MEM62
    • By MEM62 15th Sep 17, 9:33 AM
    • 1,373 Posts
    • 987 Thanks
    MEM62
    • #7
    • 15th Sep 17, 9:33 AM
    • #7
    • 15th Sep 17, 9:33 AM
    I've raised my credit score to 306 now.
    Originally posted by alanwaken

    You need a score of at least 306.5 for an iPhone. You might get a Samsung Galaxy with 306 though
    • Ebe Scrooge
    • By Ebe Scrooge 18th Sep 17, 7:58 PM
    • 3,972 Posts
    • 3,391 Thanks
    Ebe Scrooge
    • #8
    • 18th Sep 17, 7:58 PM
    • #8
    • 18th Sep 17, 7:58 PM
    Wow you guys are horrible.
    Originally posted by alanwaken
    No, we're not horrible, we're realistic. The latest iPhone is very much a luxury. I can fully appreciate that most people these days regard a mobile phone as a necessity ( though personally I'd question even that statement ). But that aside, having the latest and greatest model is absolutely reserved for those that have a large disposable income. Most of us ordinary mortals are quite happy with something that costs a tiny fraction of the price, yet still allows us to be in contact with work, family, internet, whatever - but hey, it may not be "cool".

    This forum is called "Money Saving ..." - the clue is in the name.
    I may not know much about art, but I know what I like.
    • cjmillsnun
    • By cjmillsnun 18th Sep 17, 8:48 PM
    • 291 Posts
    • 196 Thanks
    cjmillsnun
    • #9
    • 18th Sep 17, 8:48 PM
    • #9
    • 18th Sep 17, 8:48 PM
    I would argue that a mobile is a necessity as to be honest a PAYG is cheaper than a landline and a phone of some kind is a necessity. I do agree though, the latest and greatest is a luxury.
    • darkidoe
    • By darkidoe 19th Sep 17, 3:43 AM
    • 886 Posts
    • 1,007 Thanks
    darkidoe
    Any latest phone is always going to be tempting honestly. There's an inherent attribute perhaps conditioned into us to crave the latest tech or to check out something new. The struggle would be for us to recondition ourselves to see value in a phone for what it is and what we need it for and recognize perhaps what we need is not the latest but simply something that is functional.

    And of course we have to take account of our own capacity to pay for it and if we are willing to pay the premium for it. Decisions. Decisions.

    Save 12K in 2017 # 9 £11,119.65/15 000 (74%)
    Save 12K in 2016 # 8 £19 721.58/12 000 (164.35%) Achieved!
    • binaryuniverse
    • By binaryuniverse 19th Sep 17, 10:52 AM
    • 458 Posts
    • 239 Thanks
    binaryuniverse
    Wow you guys are horrible. Thanks for the warm comments..
    Originally posted by alanwaken
    This forum does deal out a lot of Tough Love. But hopefully you can see the point they are making.
    Of course, past it past, and circumstances change. For all we know you may have paid off your debts and be swimming in money now. Or you could still be paying those debts off.

    I've just looked at EE and it seems even the cheapest contract is £68 a month. That is a minimum of £1632 you'll pay out over the 2 year contract. Can you afford that? Even if you could, why would you want to shell out that much to make calls/texts, and aimlessly look at social media sites?
    • StopIt
    • By StopIt 19th Sep 17, 12:29 PM
    • 1,371 Posts
    • 1,165 Thanks
    StopIt
    Wow you guys are horrible. Thanks for the warm comments..
    Originally posted by alanwaken

    I think members here would rather be hated if that's what it takes for people not to repeat the mistakes that got them into debt trouble to begin with.


    If you want an iPhone, save up for one and buy it outright. You can then save a significant sum with a SIMO plan. The phone isn't going anywhere. I'm sure you'll survive the months without it until you've saved up and more significantly, you wont owe anyone anything and it wouldn't need any hit on your credit rating, let alone be the start of another debt cycle.


    You've been in a DMP, you should've learned then that borrowing from your current self is stealing from your future self. Time to try a different approach don't you think?
    • armchaireconomist
    • By armchaireconomist 19th Sep 17, 1:42 PM
    • 182 Posts
    • 211 Thanks
    armchaireconomist
    EE credit ratings are nonsense, i'd paid mine for 6 year under my dad's name (against my knowledge). Found out, asked them to change it and I had to wait 3 days for a decision despite having never missed a payment in that time.
    • takman
    • By takman 19th Sep 17, 6:20 PM
    • 2,810 Posts
    • 2,351 Thanks
    takman
    EE credit ratings are nonsense, i'd paid mine for 6 year under my dad's name (against my knowledge). Found out, asked them to change it and I had to wait 3 days for a decision despite having never missed a payment in that time.
    Originally posted by armchaireconomist
    Well you should know who's name the contract is in. Every bill (even electronic ones) would have had his name on it. Every time you rang up you would have had to give his details. You must have upgraded the contract in the 6 years which would have required his details. How could you have not known??

    If it's in your dads name then all payment history will be attributed to him. So changing the name means they needed to credit check you to see if you meet their criteria based on your credit history.
    • armchaireconomist
    • By armchaireconomist 20th Sep 17, 1:50 PM
    • 182 Posts
    • 211 Thanks
    armchaireconomist
    takman,


    The contract was originally under my dad's account from when I was younger, on my 18th birthday I rang up and requested it all be changed into my name and payment from my account. They sorted it all, I upgraded 2 years later with no issues, then I got my next upgrade through carphone warehouse (still with EE) and they had no record of my account. I'd paid and conversed with them using my name and accounts for four years after they told me it had been transferred into my name. When I rang them to ask what was going on they realised they'd made a mistake and amended it, but needed a credit check to prove I could afford it at a cheaper rate than I'd been paying for 4 years under what should've been in my name.
    • Destabilising
    • By Destabilising 20th Sep 17, 2:49 PM
    • 38 Posts
    • 37 Thanks
    Destabilising
    I honestly think it depends if your circumstances have changed. Shop around, maybe look at buying the phone outright if you can afford it. Personally, I'd love the iPhone X, but I know I can't afford it and I have an iPhone 6 at the moment with a Sim Only contract. It's working perfectly for me. Maybe look at getting a 6, the contracts (if you're determined to get a contract) would be far cheaper. Unfortunately, there is no way to say if you'll be accepted, all companies have their own criteria. I'm also just going to repeat here; your credit score has no impact whatsoever. No one apart from yourself sees it.
    • CKhalvashi
    • By CKhalvashi 20th Sep 17, 3:35 PM
    • 8,762 Posts
    • 24,748 Thanks
    CKhalvashi
    I would argue that a mobile is a necessity as to be honest a PAYG is cheaper than a landline and a phone of some kind is a necessity. I do agree though, the latest and greatest is a luxury.
    Originally posted by cjmillsnun
    Sim only can be much better value, even for occasional users.

    I've got an iPhone with a £15/month deal; unlimited minutes and texts plus a decent data allowance with EE.

    That works out to give or take 50p a day. EE charge 30p a minute on PAYG (just checked and it downloaded a PDF which I can't post a link to).

    Use the phone more than about an hour on the average month (and it's not the cheapest but I'm a heavy user) and you're better off.

    For OP; no need to go for a flash phone, just go for a £22.99 all in Android phone (click here), use the credit on the offer for 2 months, and I was going to suggest going for a cheap SIM only deal (click here), but you may be better off if sticking within the limits just topping up by £10 a month and staying on PAYG.
    "I kada sanjamo san, nek bude hiljadu raznih boja" (L. Stamenkovic)

    Call me Remainer or Romaniac, but not Remoaner. It's insulting and I have the right to have my voice heard too.

    I can spell, my iPad can't.
    • sheff6107
    • By sheff6107 21st Sep 17, 3:54 PM
    • 442 Posts
    • 293 Thanks
    sheff6107
    It's not for me to judge (just because you've had debt problems it doesn't mean you should be expected to sell all your possessions and eat beans), but EE are VERY expensive.

    Virgin Mobile do the iPhone 8 for £29 a month for 1.2Gb of data with zero upfront. Unfortunately they reject anyone without a decent credit record.

    Try Sky - they do £37 a month with 500mb, no upfront cost and PAYG calls and texts. Although bear in mind you are leasing the phone and you have to give it back after 2 years. So don't drop it.
    • Fireflyaway
    • By Fireflyaway 21st Sep 17, 5:00 PM
    • 1,296 Posts
    • 1,318 Thanks
    Fireflyaway
    I just got a contract phone with a very poor credit rating. I did it through sky and I'm guessing because I've been a tv customer a while and always paid on time that may have helped.
    Do check the deal though. Sometimes the monthly payments add up to be many hundreds and a lot more than saving up and paying cash. Be careful to never miss a payment too !
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