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You may be asking yourself where do I go to get bad credit contract phones?
Well if you are we are here to help you find the answer to that very question.
When applying for contract phones providers will carry out a credit check, just like when you apply for any other kind of credit, such as a loan.
Searching For Bad Credit Contract Phones?
Providers do this to see how financially reliable you are to keep up with the repayments and to help assess if you are a risk before offering you a phone contract.
The way a contract phone works is companies offer a free or reduced cost mobile phone handset, but in return the customer must take out a 12-24 month contract with them.
New smart-phones are highly subsidised so if the company feels that due to your bad credit score they are at risk of not recovering their money through the contract you are highly likely to be declined.
Are you still asking how to get bad credit contract phones?
Let us go on and explain further.
Contract phones that you are likely to be accepted for are contracts for a lower end mobile phone and not one of the newest models on the market.
Going for an older model can increase your likelihood of being accepted, even if you have bad credit.
Still asking how to get bad credit contract phones? Okay, we will go on to explain the other options available to you.
Another option to getting a contract phone is to go for a SIM only contract.
By taking out the risk of paying back the value of a handset the provider will see a SIM only deal as less of a risk.
Your last option to get a contract phone is to pay an upfront deposit of as much as you can so that the provider has less to lose out on if you do not continue to keep up with your monthly payments.
This may give you the option for a better handset.
With all this information we hope we have answered your original question of how to get a new bad credit contract mobile phone.
To get the full answer on how to get bad credit contract phones, click on the banner on this page to be taken to companies that can help you get your final answer.
If you want a mobile phone but are worried about your bad credit rating, then you can opt for a SIM-only contract. The leading mobile network service offers some exciting offers to people with bad credit.
These deals include half line rental, pay as you go, and even a year of free line rentals! You can also find a guarantor for your mobile phone if you have no credit history. Read on to find out how to get the best mobile phone for your bad credit rating.
Sim-only contracts are better for people with bad credit
You may be wondering whether SIM-only contracts are better for people with bad credits. After all, most sim-only contracts require a credit check.
Mobile phone networks need to be aware of their customers’ financial stability and track record. Some customers have trouble paying their bills and run up large bills. This is why they run checks to ensure that their customers have a good payment history. You should be aware of the risks and benefits of SIM-only contracts.
Sim-only contracts offer flexibility and can be used to switch between networks. The price, benefits and tariff of SIM-only contracts vary.
Generally, you can switch networks after each month if you are not happy with your provider. Changing networks is often motivated by poor reception or poor customer service.
With the ability to switch, you gain control over your mobile phone bills. However, it is important to remember that SIM-only contracts are not as flexible as contracts with a contract.
Security deposits can help improve your credit rating
Some carriers don’t require a certain credit score to offer cell phone service. You’ll be asked to pay a security deposit as part of the contract.
The amount of the security deposit depends on your credit history and the value of the phone. Most carriers will refund the deposit after a year of good payment history. Another way to improve your credit rating is to avoid signing up for a cell phone plan with a high security deposit.
Prepaid phone plans can be an excellent way to get a cell phone with a good credit score. Many of them offer competitive monthly plans and no credit check.
These plans are a great way to start building your credit history. If you have bad credit or limited credit, secured credit cards offer great benefits, including no annual fee, rewards programs, and high approval odds. By paying monthly bills on time, you’ll be building a positive credit history in a matter of months.
Getting a contract with a no-credit-check network
There are many caveats to getting a contract with a no-credit check network for bad credit phone contracts. First of all, mobile phone contracts are not always available without an upfront payment.
In many cases, you will have to pay in installments for the duration of the contract, so your credit score will be affected. However, if your credit score is bad, you might still be able to get a contract.
The cost of a no-credit-check mobile phone contract can be very expensive. Some providers require an upfront deposit or two months of use on the old phone.
If you are looking for the latest model, you may have to pay a lot more, but you can still get a contract with a no-credit-check network.
Getting a mobile phone with a guarantor
There are many ways to get a new mobile phone without having to worry about your credit score. One way to circumvent this problem is to get a contract that allows you to pay monthly.
These contracts will usually come with a generous data allowance, unlimited texts, and unlimited minutes. While you will have to pay full price for the phone up front, you will save hundreds of dollars over the course of the contract. Many long-term plans will allow you to make monthly installments and encourage you to upgrade to the latest model.
Another option is to go for a prepaid contract. Prepaid plans usually require you to pay an upfront deposit to offset the risk of missing payments.
These contracts are great for people with bad credit because they do not require a large amount of credit. They will not impact your credit rating as much as a mobile phone contract, but they will still need a guarantor.
See also Bad Credit Mobile Phone.