Why does Verizon Fios need to run a credit check?

Why does Verizon Fios run a credit check?

“Internet and TV providers often request credit checks for prospective customers because they want to know how likely that person is to pay their bills each month,” said Rossman. Similar to when you sign up for a new credit card, companies want to know what type of customer you have historically been.

Can I get Verizon Fios without a credit check?

Fios prepaid offers internet access, cable, and home phone service. Signing up for the service does not require a credit check, deposit, or a credit card. Verizon is also making this a month-to-month service, so there’s no contract. There is a $90 installation fee, with all necessary equipment is provided.

Is Verizon Fios credit check a hard inquiry?

Is Verizon credit hard or soft? … Well, Verizon always performs a hard credit check on your credit amount when you sign up for one of their post-paid plans. However, if you select the AllSet pre-paid plan, you will not have to face any credit checks.

Does Verizon Fios do a hard or soft credit check?

Re: Verizon Fios – New Service Credit Check Question

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It’s typical now for utilities, internet and phone co to do a hard pull. It’s not unusual for people to end up with a few during the process of buying and moving into a home. Banks and mortgage lenders will understand this and won’t be concerned.

Does Verizon Fios run credit?

Pay as you go with Fios Home Internet. Get Fios Home Internet with the freedom and flexibility of prepaid. No credit check, no deposit and no annual contract required.

Does Verizon Fios pull your credit?

The credit check is mandatory. I have been a Verizon customer for over 35+ years and when I signed up online for Fios the option was to do the check immediately or to answer further questions to show identity and I suspect that information was used to do a credit check.

Does Verizon Fios require a deposit?

There’s no annual contract, deposit, credit check or unexpected charges. Plus, the equipment you need to get started is included at no extra charge. Learn more about Fios Prepaid.

Does Verizon do credit checks for existing customers?

Verizon does do “internal” credit checks on existing lines at certain times of upgrades. This credit check is not a true check as they only query their payment systems to check if your account has been in good standing. But they generally dont do a hard credit check unless a new customer or adding a line.

Why does Verizon Fios ask for social security number?

Verizon wanted your Social Security number in order to do a credit check before giving you service. This is a common practice in the cell phone industry because they are extending you credit, allowing you to make calls each month and run up charges before your bill arrives.

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What is the difference between a hard inquiry and a soft inquiry?

A hard credit inquiry is when a lender checks your credit before approving you for a loan, such as a mortgage or car loan, or a credit card you’ve applied for. A soft inquiry happens when you receive an offer from a lender, like a pre-approved credit card, or when you check your own credit.

Is Verizon Fios different than Verizon Wireless?

U.S. Verizon Fios, also marketed as Fios by Verizon, is a bundled Internet access, telephone, and television service that operates over a fiber-optic communications network with over 5 million customers in nine U.S. states.

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