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Yahoo Answers! Credit Repair Forum Discuss Does having to put down a $250 deposit on a cell phone mean I have bad credit? in the Yahoo Answers! News and Synergy forums; As far as I know, I have no credit history, besides maybe a few low cost items charged to a debit/credit card. Would that in itself make them require a ...
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Old 10-27-2007, 03:18 PM   #1
Sarah
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Does having to put down a $250 deposit on a cell phone mean I have bad credit?

As far as I know, I have no credit history, besides maybe a few low cost items charged to a debit/credit card. Would that in itself make them require a deposit or should I make sure that there's not anything sketchy going on with my credit?

(my carrier is t mobile, if it makes any difference)
 
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Old 10-27-2007, 03:19 PM   #2
Priscilla C
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A deposit typically means either a lower score or not enough credit history. Get your free annual credit report and check it out. Don't worry too much about it though, deposits for services are becoming a lot more frequent. Good luck!
 
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Old 10-27-2007, 03:19 PM   #3
J-Mose
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That is exactly why you have to put a deposit. You do not have established credit yet. Doesn't mean you have bad credit at all. Just means you have not built it up yet. Now, If you had a $500 deposit then you have some bad credit.
 
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