I went to buy a new Apple iPhone today and tried to set up my usual plan: monthly payments for 24 months with Apple Care Plus. And this time I had to agree to a loan request through Citizen's Bank. This is a HARD inquiry on my credit report. When did Apple start doing this? And what happens when, in a few days, I set out to upgrade a second phone for the family? Will I need ANOTHER hard inquiry? This is ridiculous.
Anyone else have this problem?
Thanks!
This is a HARD inquiry on my credit report. When did Apple start doing this? And what happens when, in a few days, I set out to upgrade a second phone for the family? Will I need ANOTHER hard inquiry? This is ridiculous.
Hard hits require your consent. If it was a hard hit, you agreed to it.
Credit grantors who make an inquiry to a credit bureau about you don't choose hard or soft. Simply asking about your credit, such as in a background check is a soft inquiry.
Asking as part of making a decision to grant you credit is a hard hit.
And Apple didn't make the inquiry, Citizen's Bank did. At your request and with your permission.
new loan process for Apple
