HellBill » Bills Categories: » Phone Bill » Does a Financed Cell Phone from Sprint show up as a debt on my credit?

  #1 ()
: I am about to pull for a mortgage and am now worried that when Sprint made me finance a phone with my new plan that it will show up as a debt (it is in good standing and we always pay our bill) and will mess up our debt to income ratio. How does that work with a financed phone?

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  #2 ()
: If you bought the phone with a loan, like you do when getting a car, then yes, but it won't be enough to matter for the mortgage application.

If you did what usually happens, which is to get the phone free by signing a contract for the monthly service, then no.
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  #3 ()
: Any arrangement will show up - but as long as you keep up the payments it is a positive on your credit rating. You only get into trouble if you don't pay on time. Having credit and paying it proves you are reliable.
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  #4 ()
: That's not enough debt to be concerned with.
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