o2 want £300 deposit for Iphone 5!! Possible workarounds?

diamonds

I'd be off to another network, Orange ? £51 a month FREE handset, unlimited 01/02/03 mobile calls, unlimted UK texts & data...£436 in month one ? They are having a laugh (at your double expense)

skyboy88

grumbler wrote: »

Absolutely the same issues that you have with getting a new account, i.e. a credit check and (very likely) a deposit.

As a side note, IMHO, a person for whom lending £300 for 3 months is a problem (i.e. that doesn't have any savings) simply is not in a position of buying a long and expensive contract with a mobile toy.

Yes I understand that my mum's account will be subject to a credit check and possibly a deposit (hopefully not £300), however her credit score will be much better than mine.

I am talking solely about the switch of the direct debit from her account to my own, can there be any issues with this process?

diamonds

No, but o2 after 3 months may still not transfer a/c to you so you better ask mum if she is ok with that as she will be held accountable for the full 24 months contract costs in that case.

Jon_01

If you want to switch the acc, then the new owner (ie, you) will still have to pass the same credit check before they'll move it.
Moving the acc doesn't skip that step.
So if you can't pass without a deposit now, the odds are you won't in 3 months either...

spike7451

Jon_01 wrote: »

If you want to switch the acc, then the new owner (ie, you) will still have to pass the same credit check before they'll move it.
Moving the acc doesn't skip that step.
So if you can't pass without a deposit now, the odds are you won't in 3 months either...

That's how it was explained to me when I worked for O2.The £300 is not a deposit,it's a guarantor to ensure you won't renage on the bill & make the first few payments.
The size of the guarantee varies on the cost of the handset as well.Each time O2 do a credit check on you,it impacts on your credit record & they (O2) say it's advisable to wait 6 months between credit checks.
Also,the billing,delivery & account name & address must be exactly the same,I've seen some credit checks fail because the customer has not given me their middle name,yet it's on the bank account.

skyboy88

OK that's exactly what I was looking for, I guess its not going to happen for me then. This whole credit check thing is ridiculous to me, I cant even get a DD set up to try improve my rating. Flawed system if you ask me!

Plushchris

For that sort of money you may as well spend a bit more and buy the phone outright from apple then have a nice small monthly contract..

NFH

Sorry to be blunt, but why are you buying a £529 phone when you can't afford to be without £300 for a few months? Choose a cheaper phone and don't try to live beyond your means.

skyboy88

Im not buying it at £529, never said I was going to do that. Which I am not. I am only asking about the credit check, not about whether or not I can afford. I can afford it, its a question of not wanting to pay it..

NFH

skyboy88 wrote: »

Im not buying it at £529, never said I was going to do that.

Whichever way you acquire an iPhone 5, it will cost you at least £529. The cheapest way is directly from Apple for £529 and then a SIM-only tariff for under £10/month. You'll pay considerably more than £529 if you buy it from a network. When a network gives you a low upfront price (much less than £529), you pay the difference (and a lot more) between this and £529 through monthly charges that are much higher than the equivalent SIM-only tariff.

If you think you're paying less than £529 for an iPhone 5, then you really don't understand what you're doing.