Mobile Phone Contracts for Bad Credit – not too long ago, you would have qualified for mobile phone contracts only if you had good credit and matched the stringent requisites of major carriers and telecom companies.
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If you did not have the desired credit score, then you could opt for pay as you go.
Some companies offered the option to make an upfront payment in the form of a deposit that qualified you for contracts.
Else, you could opt for cheaper phones and inferior plans.
Pay as you go or bring your own device deals has always been available for subscribers with bad credit.
However, even in such cases the plans on offer were sub-par to those that were available to subscribers who met the credit criteria in the first place.
The industry has changed and so has the offers for consumers across the board.
There is a certain advantage of having good credit and the perks could be more varied to choose from, but you can still get mobile phone contracts for bad credit.
More About Mobile Phone Contracts with Bad Credit
There are companies facilitating mobile phone contracts when you have bad credit.
Many of these companies are re-sellers or dealers that work with all major telecoms or network providers.
It isn’t so that you would have to let go of the major telecoms and settle for a newer or less reliable network.
In some cases, the mobile phone contracts for bad credit are available without any credit check whatsoever.
Hence, the credit score becomes irrelevant. In other scenarios, a credit check is conducted, but the qualifying credit score is much more reasonable than the highs that subscribers had to meet a few years back.
There are mobile phone contracts for bad credit where the phone in question or the plan in question would be negligibly sub-par to the more desirable contracts and phones for subscribers having excellent credit.
Rejection at the outset or having to make a steep deposit to qualify for mobile phone contracts for bad credit have become a thing of the past now.
It must be noted however that all other information or qualifying criteria remain the same.
Subscribers would still need to satiate the personal and financial information requisites to sign up for mobile phone contracts for bad credit.
The credit available in the plan, which is typically revised by telecoms and carriers from time to time, will also be subject to appreciation or depreciation depending on how well the subscriber uses the contract and pays.
See also Mobile Phones For Bad Credit.