Virgin Plus - Open Credit? - RedFlagDeals.com Forums

Jan 17th, 2023 12:53 pm

#1

Biskuits [OP]: Sr. Member; Jun 22, 2014; 524 posts; 194 upvotes; Markham, ON

Jan 17th, 2023 12:53 pm

Virgin Plus - Open Credit?

Not sure if this is normal... hoping people can chime in.

Recently signed up to be a new VirginMobile customer. They told me they needed a credit check which I was fine with.

Just got an email from Credit Karma about a new account. Turns out, there's a new "open credit" account with Virgin Plus that shows right beside my open credit cards.

This can't be normal? Like, this is essentially saying "here's a line of credit for your cell phone bill".

Jan 17th, 2023 1:31 pm

#2

jasmeet|_9sb: Member; Feb 21, 2009; 392 posts; 490 upvotes

Jan 17th, 2023 1:31 pm

It's normal for postpaid connections as essentially they're giving you credit, hence requires credit check.

+1

Jan 17th, 2023 1:38 pm

#3

Biskuits [OP]: Sr. Member; Jun 22, 2014; 524 posts; 194 upvotes; Markham, ON

Jan 17th, 2023 1:38 pm

So, credit check I'm fine with. I understand the need.

But what I have on my credit report is a new hard check from virgin plus, as well as a new "open" account. As of today, it shows the most recent monthly bill, similar to how I see my visa / master cards.

Jan 17th, 2023 2:27 pm

#4

HyperTech: Deal Addict; Dec 4, 2007; 4310 posts; 1961 upvotes; Quebec

Jan 17th, 2023 2:27 pm

Yep, same here with telus i recently subscribed

Jan 17th, 2023 4:01 pm

#5

smartie: Deal Guru; Dec 5, 2006; 13440 posts; 8813 upvotes; Markham

Jan 17th, 2023 4:01 pm

Biskuits wrote: ↑ So, credit check I'm fine with. I understand the need.

But what I have on my credit report is a new hard check from virgin plus, as well as a new "open" account. As of today, it shows the most recent monthly bill, similar to how I see my visa / master cards.

But you did open an account

Jan 17th, 2023 4:15 pm

#6

Biskuits [OP]: Sr. Member; Jun 22, 2014; 524 posts; 194 upvotes; Markham, ON

Jan 17th, 2023 4:15 pm

smartie wrote: ↑ But you did open an account

By account, I mean a credit account showing on my Transunion credit report as an open credit, similar to how an open master card account would show.

Not referring to an account with Virgin.

Jan 17th, 2023 4:16 pm

#7

Biskuits [OP]: Sr. Member; Jun 22, 2014; 524 posts; 194 upvotes; Markham, ON

Jan 17th, 2023 4:16 pm

HyperTech wrote: ↑ Yep, same here with telus i recently subscribed

That's kind of weird, as I've actually just left Telus for Virgin and I've never seen this before.

Maybe it's like being randomly selected at the TSA, except this has negative impact on our credit reports....

+1

Jan 17th, 2023 7:57 pm

#8

smartie: Deal Guru; Dec 5, 2006; 13440 posts; 8813 upvotes; Markham

Jan 17th, 2023 7:57 pm

Biskuits wrote: ↑ By account, I mean a credit account showing on my Transunion credit report as an open credit, similar to how an open master card account would show.

Not referring to an account with Virgin.

But postpaid account is credit account

+2

Jan 18th, 2023 8:15 pm

#9

destroyor86: Newbie; Nov 29, 2022; 62 posts; 92 upvotes

Jan 18th, 2023 8:15 pm

My Fido account from two years ago is still on my credit file even tho I already closed it and switch to Freedom. So yes that sounds normal.

+1

Jan 18th, 2023 11:22 pm

#10

Rockdaddy22: Deal Addict; Nov 26, 2011; 3329 posts; 701 upvotes

Jan 18th, 2023 11:22 pm

Biskuits wrote: ↑ By account, I mean a credit account showing on my Transunion credit report as an open credit, similar to how an open master card account would show.

Not referring to an account with Virgin.

Virgin Plus is Virgin

Jan 23rd, 2023 11:18 pm

#11

hvwkzq: Deal Fanatic; Aug 3, 2014; 5954 posts; 4015 upvotes

Jan 23rd, 2023 11:18 pm

Biskuits wrote: ↑That's kind of weird, as I've actually just left Telus for Virgin and I've never seen this before.

Maybe it's like being randomly selected at the TSA, except this has negative impact on our credit reports...

Bell, Fido, Koodo, Rogers, TELUS, Virgin, they all report the same way for personal postpaid accounts. Nobody gets special treatment.

eBay Promotion Abuse
Koodo unlimited data
Amazon price error

Jan 24th, 2023 3:31 pm

#12

Thackers: Jr. Member; Jul 3, 2017; 177 posts; 188 upvotes; Southern Ontario

Jan 24th, 2023 3:31 pm

Accounts report either as Open, Installment or Revolving.

Open means no set limit, paid in full each month. Telco trades and charge cards report as such.
Installment is a loan with a fixed payment.
Revolving is a credit card or loc with a limit and minimum payments required each month.

Jan 24th, 2023 5:15 pm

#13

MattyMattMatt: Sr. Member; Jun 22, 2011; 809 posts; 715 upvotes

Jan 24th, 2023 5:15 pm

This is completely normal for a postpaid account.

+1

Jan 25th, 2023 8:49 pm

#14

coolintheshade: Deal Fanatic; Aug 24, 2016; 9500 posts; 10791 upvotes; The Prairies

Jan 25th, 2023 8:49 pm

Biskuits wrote: ↑ That's kind of weird, as I've actually just left Telus for Virgin and I've never seen this before.

Maybe it's like being randomly selected at the TSA, except this has negative impact on our credit reports....

I'm surprised you're surprised that these accounts show up on your credit file, especially if you've had post paid cell service in the past.
As you can see, this isn't anything new.

I have many post paid accounts opened and closed over the years.
No problem with your credit score as long as you pay what you owe, when it's due.
A cell phone account must be 100% paid in full every month, or else you'll be (possibly) marked as late or missed payment.
You cannot roll over any amount to the next month like you can a credit card.
All cell phone post paid accounts are considered "open" credit type.

Jan 25th, 2023 9:05 pm

#15

Biskuits [OP]: Sr. Member; Jun 22, 2014; 524 posts; 194 upvotes; Markham, ON

Jan 25th, 2023 9:05 pm

coolintheshade wrote: ↑ I'm surprised you're surprised that these accounts show up on your credit file, especially if you've had post paid cell service in the past.
As you can see, this isn't anything new.

Screenshot 2023-01-25 at 7.43.08 PM.png

I have many post paid accounts opened and closed over the years.
No problem with your credit score as long as you pay what you owe, when it's due.
A cell phone account must be 100% paid in full every month, or else you'll be (possibly) marked as late or missed payment.
You cannot roll over any amount to the next month like you can a credit card.
All cell phone post paid accounts are considered "open" credit type.

Appreciate the detailed reply! 15+ years of having my own post paid plans through various carriers, and this is the first time I've seen it come up as an open credit, so got worried for a moment.

Jan 26th, 2023 11:53 am

#16

vkizzle: Deal Expert; Aug 22, 2011; 38220 posts; 24397 upvotes; Center of Universe

Jan 26th, 2023 11:53 am

Biskuits wrote: ↑ Appreciate the detailed reply! 15+ years of having my own post paid plans through various carriers, and this is the first time I've seen it come up as an open credit, so got worried for a moment.

Maybe your previous postpaid accounts showed up in Equifax.

+1

Jan 29th, 2023 6:41 pm

#17

IEpicDestroyer: Deal Addict; Dec 25, 2017; 3099 posts; 2268 upvotes

Jan 29th, 2023 6:41 pm

@coolintheshade is that American Express open account a charge card? Interesting that they actually keep credit and charge cards separately.

Jan 29th, 2023 7:53 pm

#18

coolintheshade: Deal Fanatic; Aug 24, 2016; 9500 posts; 10791 upvotes; The Prairies

Jan 29th, 2023 7:53 pm

IEpicDestroyer wrote: ↑ @coolintheshade is that American Express open account a charge card? Interesting that they actually keep credit and charge cards separately.

Yes it was a charge card.

+1

Virgin Plus - Open Credit?

Virgin Plus - Open Credit?

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