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One of our readers is thinking about applying for phone service from T-Mobile and wrote in asking if T-Mobile requires a credit check for their service. Let's dig into it!
Question: "Does T-Mobile require a credit check?"
Answer: "No, but..."
A: Today, you can expect to submit to a check of your credit when you apply for a job, sign up for auto insurance, take out a mortgage loan and, of course, when you apply for wireless phone service.
If you are willing to pay for the full purchase price of your phone up front, you can get either a Simple Choice plan, or save a little money and choose their Simply Prepaid service without a credit check.
If you do not want to pay the full purchase price of a new smartphone upfront, T-Mobile will require a security deposit.
The carrier wants to make sure that you have a history of paying for your bills on time. If your three-digit credit score is low, (I'd say less than 550) T-Mobile will know that you instead have the unfortunate habit of not paying your bills on time.
If your credit score is low, don't be surprised if you have to pay a security deposit. This provides protection to T-Mobile in case you fail to pay your bills; T-Mobile can simply keep your security deposit after canceling your service.
These plans don't require credit checks, contracts or deposits. Of course, you'll have to pay for your mobile service as you go, purchasing prepaid wireless cards or signing up for auto payment with your credit card.
It's still mobile phone service, though, prepaid or not.
Hope that answers your "T-mobile credit check" question. If you have anything else on your mind, let us know!
Credit Shout is a community of personal finance experts dedicated to helping you save money and make smart financial decisions. Learn how to master your credit card rewards, improve your credit score and start eliminating your debt.