When you have\ bad credit, finding a phone contract deal you’ll be eligible and get approved for isn’t going to be easy. In fact, it is more than likely that you’ll get turned down by major providers for a phone contract because you are tagged as a high risk customer.
If you’re in the market for a phone contract and you’ve been refused elsewhere, this is where alternatives like bad credit mobile phones become a handy and convenient option. Before signing the dotted line, however, it pays to do your homework. To help you along, here’s a quick and smart guide about bad credit mobile phones:
What are bad credit mobile phones?
Like traditional phone contracts, bad credit mobile phones offer a handset and a phone bundle. In exchange, you’ll be tied up to a contract which usually lasts for 24 months at a fixed monthly fee.
The only difference is that you don’t have to worry about your credit score getting in the way of your approval. Because bad credit phone deals are designed especially for customers with bad credit, you can almost always guarantee fast and easy approval for your application.
How much does the phone deal cost?
The cost of your phone contract will depend mainly on two things. First is your handset choice and second is your phone bundle option. If you want a fixed monthly that would suit your needs financially, you need the perfect balance of the two factors.
For people on a budget, you might be better off sticking with the cheaper handset and focusing on choosing the perfect phone bundle option for your needs. For people who can afford the high end handset, go for it by all means but make sure you pick the perfect phone bundle option for your needs to make your phone contract count.
Where can you find bad credit phone deals?
With more and more people dealing with bad credit, more providers are now offering phone deals for people with bad credit. To apply for a phone deal designed especially for your needs and finances, you simply need to go online and find the best website offering said services and phone deal options.
When looking for a provider, make sure you go with one that has a solid track record and offers excellent customer service. Seek for recommendations and read customer reviews if necessary. You may also start comparing your options quickly and conveniently at http://www.uswitch.com/mobiles/.
How do you know if you’re eligible?
Since bad credit mobile phones are designed especially for people with bad credit, you only need to meet the most basic of requirements to be eligible. You must be of legal age, a resident in the UK and must have steady income to get started. You may also be required to provide basic documents such as proof of identification, billing address and proof of income among other things depending on what your provider requires.
What is the downside if there are any?
Bad credit phone deals are so easy to get approved for because there is no credit check involved. In other words, no matter your credit score, you can expect approval as long as you meet the requirements. But there’s a downside.
Since there are no credit checks, the risks may be higher for providers. They compensate for the high risks either by offering a limited handset selection or by offering a relatively higher rate than traditional phone contracts available for people with bad credit.