Apple has recently announced its Apple Upgrade Program, which would help customers lease iPhones, iPads, Macs, and Apple Watches by paying affordable monthly instalments. Previous speculations claimed that there would be a new ‘restricted mode’ if people missed payments, restricting them from using all applications except for essential uses. This speculation was based on the fears that Apple will lock down their devices in case there are any missing payments. However, Apple has now denied all this speculation related to the restriction of the device for missed payments under its upgrade programme. Furthermore, a missed payment can also have an adverse effect on your credit score.