Cell Phones and Credit
Does a cell phone contract help your credit? Great question from one of our clients this week. The short answer is no. However.....with almost everything related to the topic of credit scores, there is a longer answer that must also be given. Unless you are getting the pre-paid cell phones, this article is for you. When you go to purchase a cell phone and sign up for a contract, the company is most likely going to check your credit before they give it to you. When they ask for your full name, birth date and social security number, it's probably for a credit check. Then they either approve or deny your request for service with them. Every time you authorize any company to check your credit, you will get a Hard Inquiry on your credit report. This will count against your scores, ...
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