Your question: Does Verizon require a deposit for bad credit?

Does Verizon ask for a deposit?

About your deposit

In certain circumstances, Verizon may ask customers to pay a security deposit while setting up new service in order to secure the account. … Once you’ve had your Verizon service for 12 months, we’ll review your payment history to determine whether you’re eligible for a refund.

Can Verizon waive security deposit?

If you have good credit standing, Verizon will waive the deposit. If not, Verizon will take the deposit out of your bank account.

Is Verizon credit check 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.

What is the deposit for Verizon Wireless?

Verizon Wireless deposits range from $150 to $1,000, and this deposit is required per line, not per account. Most people who are required to pay a deposit seem to fall in the $400 to $450 range.

How strict is Verizon credit check?

Verizon Wireless has strict credit check requirements. Verizon checks the level of debt you are currently managing, charged-off/collections accounts, payment history and the limits on your credit accounts. If your credit score is lower than 650, you may have trouble getting approved or required to pay a large deposit.

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What credit score do you have to have to get a Verizon phone?

Credit Requirements and Eligibility Verizon Wireless tends to have strict requirements as far as credit checks go. If your credit score is lower than 650 or so, you may have trouble getting approved or you may be required to pay a large deposit.

Does Verizon do a credit check for FIOS?

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.

How does Verizon bill credit work?

Since we bill in advance for certain services, when a customer disconnects service they may end up with a credit balance on their final bill. This credit balance will automatically be refunded if you don’t owe any money on any Verizon accounts. This can take 60 days or more.

What happens to my Verizon deposit?

How will my security deposit be refunded? Your security deposit will be refunded in the form of a credit to your account. If the applied refund creates a credit, and you don’t owe any other amounts to Verizon, you will receive a check for that credit balance.

Will Verizon approve my credit?

Verizon checks your credit to determine if you’re eligible for their service and if a down payment will be required. Therefore, it’s extremely important to know your credit scores before signing up for a new wireless service or upgrade.

Does Verizon hurt your credit?

Verizon Collections is probably on your credit report as a ‘collections account’. This usually happens when you forget to pay a bill for a period of time, and your debt is sold to them. If this account is on your credit report, it may be damaging your credit score (until it gets removed). The good news?

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