2018 Credit Scores & iPhone Launch Survey
12:01 PMPosted by: John S Kiernan
The release of each new iPhone model is a big-money occasion. Not just for Apple, the world's largest company by market capitalization and a new Warren Buffet favorite. But also for consumers, who will reportedly be asked to shell out up to $1,400 for the new device at a time when credit card debt is approaching record highs. The key, it seems, is that credit scores are at lofty historical levels, too. In other words, installment plans and other financing arrangements will help the iPhone remain as popular as ever into its second decade.
But how much do consumers really know about the connection between their credit scores and monthly cell phone bills? Do we care more about our phones than our credit scores?
To answer all of those questions and more, WalletHub performed a nationally representative survey of American consumers. You can find the results in the following infographic.
Embed on your website<a href="https://ift.tt/2Nx8xbg"> <img src="//d2e70e9yced57e.cloudfront.net/wallethub/posts/53664/2018-creditscore-iphone-survey-v9.png" width="" height="" alt="" /> </a> <div style="width:px;font-size:12px;color:#888;">Source: <a href="https://ift.tt/2N3VFfQ>
What type of phone do you have? |
|
---|---|
Android | 47% |
iPhone | 46% |
Other | 7% |
Do you plan on purchasing the new iPhone launching later this year? |
|
No | 72% |
Yes | 28% |
Which is easier to understand? |
|
Credit reports | 61% |
Cell phone agreements | 39% |
Which would you rather have? |
|
Higher credit score | 88% |
iPhone launching this year | 12% |
Which would you rather give a stranger access to? |
|
Phone | 52% |
Credit score | 48% |
Which would you rather have? |
|
Excellent credit score | 81% |
Unlimited cell phone data | 19% |
Which has a bigger impact on your life? |
|
My credit score | 66% |
My cell phone | 34% |
Which would you be more upset about losing? |
|
Cell phone | 56% |
Credit card | 44% |
Which do you trust more with your personal data? |
|
Apple | 41% |
33% | |
The government | 26% |
Is a new iPhone worth going into credit card debt? |
|
No | 89% |
Yes | 11% |
Which should parents give kids first, a credit card or cell phone? |
|
Cell phone | 88% |
Credit Card | 12% |
Do cell phone companies check people’s credit when they apply for service? |
|
Yes | 71% |
No | 29% |
Is it better buy a cell phone upfront or pay in installments? |
|
Buy upfront | 71% |
Pay in installments | 29% |
Should people with bad credit have to pay more for cell phones? |
|
No | 79% |
Yes | 21% |
What type of phone do you have? |
||||
---|---|---|---|---|
Credit Standing | Bad | Excellent | Fair | Good |
Android | 70% | 47% | 52% | 42% |
iPhone | 16% | 44% | 45% | 52% |
Other | 14% | 9% | 3% | 6% |
Do you plan on purchasing the new iPhone launching later this year? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
No | 90% | 75% | 79% | 63% |
Yes | 10% | 25% | 21% | 37% |
Which is easier to understand? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Credit reports | 49% | 70% | 55% | 54% |
Cell phone agreements | 51% | 30% | 45% | 46% |
Which would you rather have? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Higher credit score | 87% | 85% | 90% | 90% |
iPhone launching this year | 13% | 15% | 10% | 10% |
Which would you rather give a stranger access to? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Phone | 50% | 42% | 59% | 61% |
Credit score | 50% | 58% | 41% | 39% |
Which would you rather have? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Excellent credit score | 80% | 80% | 83% | 82% |
Unlimited cell phone data | 20% | 20% | 17% | 18% |
Which has a bigger impact on your life? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
My credit score | 60% | 69% | 68% | 63% |
My cell phone | 40% | 31% | 32% | 37% |
Which would you be more upset about losing? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Cell phone | 75% | 53% | 59% | 55% |
Credit card | 25% | 47% | 41% | 45% |
Which do you trust more with your personal data? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Apple | 16% | 44% | 37% | 43% |
45% | 26% | 44% | 36% | |
The government | 39% | 30% | 19% | 21% |
Is a new iPhone worth going into credit card debt? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
No | 90% | 90% | 93% | 86% |
Yes | 10% | 10% | 7% | 14% |
Which should parents give kids first, a credit card or cell phone? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Cell phone | 93% | 86% | 84% | 92% |
Credit Card | 7% | 14% | 16% | 8% |
Do cell phone companies check people’s credit when they apply for service? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Yes | 60% | 74% | 76% | 66% |
No | 40% | 26% | 24% | 34% |
Is it better buy a cell phone upfront or pay in installments? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
Buy upfront | 49% | 78% | 66% | 67% |
Pay in installments | 51% | 22% | 34% | 33% |
Should people with bad credit have to pay more for cell phones? |
||||
Credit Standing | Bad | Excellent | Fair | Good |
No | 90% | 74% | 90% | 80% |
Yes | 10% | 26% | 10% | 20% |
What type of phone do you have? |
||||
---|---|---|---|---|
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Android | 55% | 55% | 43% | 36% |
iPhone | 43% | 45% | 50% | 46% |
Other | 2% | 0% | 7% | 18% |
Do you plan on purchasing the new iPhone launching later this year? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
No | 61% | 68% | 72% | 86% |
Yes | 39% | 32% | 28% | 14% |
Which is easier to understand? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Credit reports | 34% | 53% | 67% | 86% |
Cell phone agreements | 66% | 47% | 33% | 14% |
Which would you rather have? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Higher credit score | 88% | 89% | 84% | 89% |
iPhone launching this year | 12% | 11% | 16% | 11% |
Which would you rather give a stranger access to? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Phone | 53% | 48% | 51% | 55% |
Credit score | 47% | 52% | 49% | 45% |
Which would you rather have? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Excellent credit score | 81% | 83% | 80% | 80% |
Unlimited cell phone data | 19% | 17% | 20% | 20% |
Which has a bigger impact on your life? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
My credit score | 56% | 72% | 69% | 67% |
My cell phone | 44% | 28% | 31% | 33% |
Which would you be more upset about losing? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Cell phone | 57% | 74% | 51% | 42% |
Credit card | 43% | 26% | 49% | 58% |
Which do you trust more with your personal data? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Apple | 38% | 43% | 42% | 41% |
46% | 40% | 29% | 19% | |
The government | 16% | 17% | 29% | 40% |
Is a new iPhone worth going into credit card debt? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
No | 85% | 79% | 94% | 97% |
Yes | 15% | 21% | 6% | 3% |
Which should parents give kids first, a credit card or cell phone? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Cell phone | 87% | 89% | 92% | 85% |
Credit Card | 13% | 11% | 8% | 15% |
Do cell phone companies check people’s credit when they apply for service? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Yes | 63% | 73% | 66% | 80% |
No | 37% | 27% | 34% | 20% |
Is it better buy a cell phone upfront or pay in installments? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
Buy upfront | 71% | 71% | 63% | 80% |
Pay in installments | 29% | 29% | 37% | 20% |
Should people with bad credit have to pay more for cell phones? |
||||
18 - 29 | 30 - 44 | 45 - 59 | 59+ | |
No | 76% | 79% | 80% | 82% |
Yes | 24% | 21% | 20% | 18% |
What type of phone do you have? |
||
---|---|---|
Female | Male | |
Android | 43% | 51% |
iPhone | 52% | 40% |
Other | 5% | 9% |
Do you plan on purchasing the new iPhone launching later this year? |
||
Female | Male | |
No | 70% | 75% |
Yes | 30% | 25% |
Which is easier to understand? |
||
Female | Male | |
Credit reports | 62% | 60% |
Cell phone agreements | 38% | 40% |
Which would you rather have? |
||
Female | Male | |
Higher credit score | 90% | 85% |
iPhone launching this year | 10% | 15% |
Which would you rather give a stranger access to? |
||
Female | Male | |
Phone | 56% | 47% |
Credit score | 44% | 53% |
Which would you rather have? |
||
Female | Male | |
Excellent credit score | 82% | 81% |
Unlimited cell phone data | 18% | 19% |
Which has a bigger impact on your life? |
||
Female | Male | |
My credit score | 68% | 64% |
My cell phone | 32% | 36% |
Which would you be more upset about losing? |
||
Female | Male | |
Cell phone | 58% | 53% |
Credit card | 42% | 47% |
Which do you trust more with your personal data? |
||
Female | Male | |
Apple | 44% | 39% |
35% | 30% | |
The government | 21% | 31% |
Is a new iPhone worth going into credit card debt? |
||
Female | Male | |
No | 89% | 89% |
Yes | 11% | 11% |
Which should parents give kids first, a credit card or cell phone? |
||
Female | Male | |
Cell phone | 92% | 84% |
Credit Card | 8% | 16% |
Do cell phone companies check people’s credit when they apply for service? |
||
Female | Male | |
Yes | 68% | 74% |
No | 32% | 26% |
Is it better buy a cell phone upfront or pay in installments? |
||
Female | Male | |
Buy upfront | 71% | 71% |
Pay in installments | 29% | 29% |
Should people with bad credit have to pay more for cell phones? |
||
Female | Male | |
No | 86% | 72% |
Yes | 14% | 28% |
What type of phone do you have? |
|||
---|---|---|---|
High Income | Low Income | Medium Income | |
Android | 31% | 60% | 42% |
iPhone | 63% | 36% | 50% |
Other | 6% | 4% | 8% |
Do you plan on purchasing the new iPhone launching later this year? |
|||
High Income | Low Income | Medium Income | |
No | 74% | 69% | 70% |
Yes | 26% | 31% | 30% |
Which is easier to understand? |
|||
High Income | Low Income | Medium Income | |
Credit reports | 73% | 36% | 60% |
Cell phone agreements | 27% | 64% | 40% |
Which would you rather have? |
|||
High Income | Low Income | Medium Income | |
Higher credit score | 84% | 83% | 94% |
iPhone launching this year | 16% | 17% | 6% |
Which would you rather give a stranger access to? |
|||
High Income | Low Income | Medium Income | |
Phone | 45% | 67% | 57% |
Credit score | 55% | 33% | 43% |
Which would you rather have? |
|||
High Income | Low Income | Medium Income | |
Excellent credit score | 83% | 65% | 90% |
Unlimited cell phone data | 17% | 35% | 10% |
Which has a bigger impact on your life? |
|||
High Income | Low Income | Medium Income | |
My credit score | 62% | 60% | 72% |
My cell phone | 38% | 40% | 28% |
Which would you be more upset about losing? |
|||
High Income | Low Income | Medium Income | |
Cell phone | 52% | 55% | 59% |
Credit card | 48% | 45% | 41% |
Which do you trust more with your personal data? |
|||
High Income | Low Income | Medium Income | |
Apple | 47% | 33% | 48% |
15% | 50% | 28% | |
The government | 38% | 17% | 24% |
Is a new iPhone worth going into credit card debt? |
|||
High Income | Low Income | Medium Income | |
No | 92% | 90% | 86% |
Yes | 8% | 10% | 14% |
Which should parents give kids first, a credit card or cell phone? |
|||
High Income | Low Income | Medium Income | |
Cell phone | 90% | 90% | 89% |
Credit Card | 10% | 10% | 11% |
Do cell phone companies check people’s credit when they apply for service? |
|||
High Income | Low Income | Medium Income | |
Yes | 77% | 58% | 66% |
No | 23% | 42% | 34% |
Is it better buy a cell phone upfront or pay in installments? |
|||
High Income | Low Income | Medium Income | |
Buy upfront | 75% | 78% | 63% |
Pay in installments | 25% | 22% | 37% |
Should people with bad credit have to pay more for cell phones? |
|||
High Income | Low Income | Medium Income | |
No | 76% | 83% | 76% |
Yes | 24% | 17% | 24% |
from Wallet HubWallet Hub
via Finance Xpress
0 comments