Does Verizon Do Credit Check For New Services? (In-depth Details!)

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Yes, Verizon typically performs a credit check for new services. When signing up for Verizon wireless or Fios services, the company assesses your credit history to determine eligibility and may require a deposit based on the credit check results.

What Is Verizon Credit Check?

Verizon Credit Check

A Verizon credit check is a standard procedure conducted by the telecommunications company to assess the creditworthiness of individuals applying for new services, such as Verizon Wireless or Fios. Here are the key details of the Verizon credit check process:

  1. Purpose: The primary goal is to evaluate the applicant’s credit history and financial responsibility to determine the risk associated with providing services.
  2. Information Required: Verizon may request personal information, including your Social Security number, to obtain your credit report from major credit bureaus.
  3. Soft Inquiry: The credit check is typically a “soft inquiry,” which does not impact your credit score. It’s used for verification purposes.
  4. Eligibility Determination: Based on the credit check results, Verizon determines eligibility for services. Those with better credit may qualify for certain promotions or plans.
  5. Deposit Requirement: Depending on the credit check outcome, Verizon may require a security deposit to mitigate potential financial risk.
  6. Impact on Credit Score: While the initial credit check is a soft inquiry, if you proceed with services and enter a financial agreement, it may involve a “hard inquiry,” potentially affecting your credit score.

Does Verizon Do Credit Check For New Services?

Yes, Verizon does run a credit check for most new services. This includes both postpaid and prepaid services. Verizon uses your credit score to assess your risk of defaulting on your payments. If you have good credit, you are more likely to be approved for service and may receive better terms, such as a lower deposit or waived activation fee.

However, Verizon does not require a perfect credit score to be approved for service. If you have bad credit, you may still be approved, but you may be required to pay a deposit or have a higher monthly service fee.

Here are some of the factors that Verizon may consider when reviewing your credit report:

  • Your credit score
  • Your payment history
  • The amount of debt you have
  • The length of your credit history
  • Any bankruptcies or foreclosures on your credit report

If you are concerned about your credit score, you can check it for free at You can also try to improve your credit score by paying your bills on time and keeping your debt balances low.

If you are denied service by Verizon due to a bad credit score, you may be able to appeal the decision. You can also try to get a different provider that has less stringent credit requirements.

Steps To Follow To Get Your Verizon Credit Check

Check Your Credit Score

Verizon has its credit requirements for both old and new customers. Although it might seem high compared to other service providers Verizon’s starting price isn’t high at all. 

Verizon helps you check to see if your credit is good enough to make you eligible for this service. However, if you are not eligible, you might have to make a deposit. Moreover, it is necessary to consider checking your credit score when signing up for wireless service. 

Estimate The Deposit Needed

This is why you must check your credit score. With your credit score, you can easily estimate the required deposit. It is very easy too. Verizon provides a wireless service deposit calculator to help estimate the required deposit. 

What does the deposit calculator do? Well, it helps you get a rough estimate of what you have to pay when signing up for a new service. It uses historical data to get a rough estimate. The calculator doesn’t just stop at estimating. It also helps with suggestions to reduce your deposit using all the data you provided.

Reducing Your Deposit

There are two methods available for customers to do this. You can either eliminate or minimize your deposit with any one of the two methods. Just like most carriers, Verizon offers promotions and deals to customers to help minimize or eliminate any required deposit. 

The promotion deals sometimes are amazing. You can easily minimize the cost of anything on Verizon with the help of these deals. Also, your deposit depends on some things. For instance, the number of lines you ask for and the plan you subscribe to might help reduce your deposit. 

Talking about plans, Verizon offers numerous plans to help with your deposits. One of the plans they offer is the pay-as-you-go plan. They also have three prepaid plans available for their customers. Two of their prepaid plans would require a daily access fee with unlimited mobile-to-mobile calling. 

Verizon Hard Credit Check

Verizon Hard Credit Check

The hard credit check is used when new customers sign up for a particular service. It is also available when old customers are getting a new line to their accounts. Furthermore, the main aim of this hard credit check is that Verizon uses it to know how much to charge you for your deposit. It also helps to measure the risk that comes with your account.

Verizon’s hard credit check can make an impact on your credit score. This happens especially when inquiries are happening in your account within a short time. Nonetheless, Verizon’s hard credit checks are for people who are looking for postpaid plans. The postpaid plans are the ones that customers pay for every month. It should be noted that this service is not for those who use prepaid cell phone plans. 

How Verizon Credit Check Works

Verizon credit check works with you selecting the services and options you want on your Verizon plan online. Your devices could be your smartphone, tablet, smartwatch, and your hotspot devices. During the registration, you would have to enter some of your information. For instance, your zip code and your status as a Verizon customer. 

The next procedure would require you to select the kind of plan you want. They have unlimited plans and a lot of other plans that you can select from. After you select your preferred choices then you click checkout. You would be taken to the check-out section where you would have to enter your billing information. Billing information entails name, address, phone number, and some other things. 

After this, you choose your delivery and shipping preference. Also, you would need to enter your credit details. 


Verizon Uses What Credit Check?

Verizon makes use of Equifax. Equifax makes the credit checks for Verizon. There are numerous credit check companies but so far Verizon has stuck with Equifax. 

Does The Verizon Credit Check Take Long?

No. It doesn’t take up to an hour to complete the process. However it could take more time if you haven’t entered all the required information while registering online. As long have you have provided all the necessary information online, it doesn’t take that long.

Also, sometimes Verizon asks you to submit some extra documentation for the credit check process to be completed. This type of thing hardly occurs though. It only happens when the customer moved recently or some things are stopping Verizon from confirming his or her identity. 

Does Verizon Charge For Credit Checks?

No. You don’t get charged to run the credit check. Inputting your billing information is just one part of the process that has to be filled out.


So as you must have seen, Verizon gives credit checks for every new service. It is a very important process because they use it to charge you for their services. 


Everything about Verizon credit check

Verizon credit check

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