Why does ATT&T want me to put down a deposit -_-

I just went to try and buy an iPhone thinking I could afford it and AT&T wanted me to put a $500.00 deposit down. I'm like what the **** and cancelled. Can anyone tell me why I need to put a deposit down. I'm 20 years old and never had a credit card, so no credit is better than bad credit right? So why am I being asked for a deposit? This is a real turn-off to me, as I'm not getting one until I find out why I need such a high deposit.

AT&T runs a credit report before approving a new subscriber just as any company would before giving a person credit, and if you have no credit history or you have a poor credit history, a deposit will likely be required. I believe the deposit will be refunded after a year of good payment history with AT&T.
Did you do this at an AT&T store and if so, you weren't told why a deposit was required?
No credit history is not always better than bad credit - especially when requesting credit since a company considering giving you credit has nothing to go by regarding if you are a good or poor credit risk. Having a good credit/payment history with at least one credit card or a revolving credit account would likely not require a deposit by AT&T.

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com.vmware.kext.vmnet          3.0.0
com.vmware.kext.vmioplug          3.0.0
com.vmware.kext.vmci          3.0.0
com.vmware.kext.vmx86          3.0.0
com.apple.filesystems.msdosfs          1.7.1
com.apple.driver.AppleBluetoothMultitouch          70.12
com.apple.driver.AppleHWSensor          1.9.5d0
com.apple.filesystems.autofs          3.0
com.apple.driver.AppleMikeyHIDDriver          122
com.apple.iokit.IOBluetoothSerialManager          4.0.8f17
com.apple.driver.AudioAUUC          1.59
com.apple.driver.AppleUpstreamUserClient          3.5.9
com.apple.GeForce          7.3.2
com.apple.driver.AppleLPC          1.6.0
com.apple.driver.AppleHDA          2.2.5a5
com.apple.driver.AppleMikeyDriver          2.2.5a5
com.apple.driver.AGPM          100.12.75
com.apple.driver.AppleBacklight          170.2.2
com.apple.driver.AppleMCCSControl          1.0.33
com.apple.iokit.IOUserEthernet          1.0.0d1
com.apple.Dont_Steal_Mac_OS_X          7.0.0
com.apple.driver.AudioIPCDriver          1.2.3
com.apple.driver.ApplePolicyControl          3.1.33
com.apple.driver.ACPI_SMC_PlatformPlugin          5.0.0d8
com.apple.driver.BroadcomUSBBluetoothHCIController          4.0.8f17
com.apple.driver.AppleIRController          312
com.apple.driver.AppleUSBCardReader          3.0.6
com.apple.iokit.SCSITaskUserClient          3.2.1
com.apple.AppleFSCompression.AppleFSCompressionTypeDataless          1.0.0d1
com.apple.AppleFSCompression.AppleFSCompressionTypeZlib          1.0.0d1
com.apple.BootCache          33
com.apple.driver.XsanFilter          404
com.apple.iokit.IOAHCISerialATAPI          2.0.3
com.apple.iokit.IOAHCIBlockStorage          2.1.0
com.apple.driver.AppleAHCIPort          2.3.1
com.apple.nvenet          2.0.17
com.apple.driver.AppleUSBHub          5.1.0
com.apple.driver.AirPort.Atheros40          505.67.1
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com.apple.driver.AppleUSBOHCI          5.1.0
com.apple.driver.AppleEFINVRAM          1.6.1
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com.apple.driver.AppleMultitouchDriver          231.4
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www.bloomy.com
Cheers,
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