Finance an iPhone using student finance

Watch
f-x_1-1
Badges: 4
Rep:
?
#1
Report Thread starter 8 months ago
#1
Hi, I want to buy an iPhone on finance from Apple however I don’t work I’m a full-time uni student. Is it possible that Barclays could accept me to finance the phone without me working even though I can afford it with my student finance withMy student finance?
0
reply
Wired_1800
Badges: 20
Rep:
?
#2
Report 8 months ago
#2
(Original post by f-x_1-1)
Hi, I want to buy an iPhone on finance from Apple however I don’t work I’m a full-time uni student. Is it possible that Barclays could accept me to finance the phone without me working even though I can afford it with my student finance withMy student finance?
Get a cheaper phone and save your money.
1
reply
username5383500
Badges: 18
Rep:
?
#3
Report 8 months ago
#3
(Original post by f-x_1-1)
Hi, I want to buy an iPhone on finance from Apple however I don’t work I’m a full-time uni student. Is it possible that Barclays could accept me to finance the phone without me working even though I can afford it with my student finance withMy student finance?
Why would a bank agree to take on the risk of financing someone without any income?

If you can afford it with student finance, why would you instead choose to finance it via the bank?

If you're asking this in the first place, why are you considering an iPhone?

None of this makes any sense
2
reply
IWMTom
Badges: 20
Rep:
?
#4
Report 8 months ago
#4
(Original post by f-x_1-1)
Hi, I want to buy an iPhone on finance from Apple however I don’t work I’m a full-time uni student. Is it possible that Barclays could accept me to finance the phone without me working even though I can afford it with my student finance withMy student finance?
Nope, not at all. You don't meet the basic eligibility criteria, nevermind an actual in depth scrutiny of your finances!
0
reply
17starr
Badges: 15
Rep:
?
#5
Report 6 months ago
#5
(Original post by IWMTom)
Nope, not at all. You don't meet the basic eligibility criteria, nevermind an actual in depth scrutiny of your finances!
Unless you have a credit score off 600 minimum apple’s credit agreement will not accept
0
reply
IWMTom
Badges: 20
Rep:
?
#6
Report 6 months ago
#6
(Original post by 17starr)
Unless you have a credit score off 600 minimum apple’s credit agreement will not accept
This isn't correct. Every lender has their own algorithm for credit worthiness.
0
reply
17starr
Badges: 15
Rep:
?
#7
Report 6 months ago
#7
(Original post by IWMTom)
This isn't correct. Every lender has their own algorithm for credit worthiness.
I read it in the apple agreement when I tried to get a phone contract through apple who use Barclays
0
reply
IWMTom
Badges: 20
Rep:
?
#8
Report 6 months ago
#8
(Original post by 17starr)
I read it in the apple agreement when I tried to get a phone contract through apple who use Barclays
I'd love to see an excerpt of this nonsense please.
0
reply
limellow
Badges: 5
Rep:
?
#9
Report 2 months ago
#9
(Original post by IWMTom)
Nope, not at all. You don't meet the basic eligibility criteria, nevermind an actual in depth scrutiny of your finances!
(Original post by username5383500)
Why would a bank agree to take on the risk of financing someone without any income?

If you can afford it with student finance, why would you instead choose to finance it via the bank?

If you're asking this in the first place, why are you considering an iPhone?

None of this makes any sense
These lot dunnu what their talking about. You 100% can. I bought an iPhone 11 through Barclays finance last year whilst I was on student finance. They accepted it and it actually worked out cheaper than comparable deals at the time because the Barclays loan is 0% interest whereas phone contracts from O2 and the like charge interest on top. Also why would I pay like £700 straight up when I can get it spread out in more affordable chunks at no extra cost? No brainier.
0
reply
IWMTom
Badges: 20
Rep:
?
#10
Report 2 months ago
#10
(Original post by limellow)
These lot dunnu what their talking about. You 100% can. I bought an iPhone 11 through Barclays finance last year whilst I was on student finance. They accepted it and it actually worked out cheaper than comparable deals at the time because the Barclays loan is 0% interest whereas phone contracts from O2 and the like charge interest on top. Also why would I pay like £700 straight up when I can get it spread out in more affordable chunks at no extra cost? No brainier.
If you declared your student loan as employment income then you've told a mistruth and obtained credit by misrepresentation. Consider yourself lucky you didn't get a CIFAS marker.
Last edited by IWMTom; 2 months ago
1
reply
Jack22031994
Badges: 21
Rep:
?
#11
Report 2 months ago
#11
I work for a bank and we dont accept Student Finance as income so no as Im sure barclays are the same
Last edited by Jack22031994; 2 months ago
1
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Poll: What factors affect your mental health most right now? Post-lockdown edition

Anxiousness about restrictions easing (41)
5.71%
Uncertainty around my education (83)
11.56%
Uncertainty around my future career prospects (76)
10.58%
Lack of purpose or motivation (92)
12.81%
Lack of support system (eg. teachers, counsellors, delays in care) (38)
5.29%
Impact lockdown had on physical health (41)
5.71%
Social worries (incl. loneliness/making friends) (77)
10.72%
Financial worries (47)
6.55%
Concern about myself or my loves ones getting/having been ill (31)
4.32%
Exposure to negative news/social media (43)
5.99%
Difficulty accessing real life entertainment (24)
3.34%
Lack of confidence in making big life decisions (69)
9.61%
Worry about missed opportunities during the pandemic (56)
7.8%

Watched Threads

View All