What You Need to Know About Monthly Mobile Phone Contracts on Bad Credit
If you are reading this short article it likely means that you are poised to get a monthly pay mobile phone contract, but have hit a brick wall. Namely, your credit history is so bad that providers just keep denying you one. That can be very frustrating as these days being without a mobile phone is almost like being deaf and mute. Mobile phones have become that much of a necessity in our daily lives.
There are a few things you need to be aware of when trying to obtain a mobile phone contract and you have bad credit.
First of all, not everyone with low credit will automatically get approved for a bad credit monthly pay contract. The providers that offer them only lower their credit requirements a notch, but they don't guarantee you 100% that you will get a contract. So, there is still a chance that you will get rejected.
Next, you should also be aware that the network will check on your credit report. There are no credit check mobile phone contracts offered online more and more, but these should be your last option to get a phone as they can be very expensive.
The dealer may choose to deny you a contract for other reasons apart from your bad credit report. One of them is if you don't show up in the credit search. Mobile phone providers obtain information about your credit status from credit agencies. These in turn, gather your information from the electoral roll. If you are not listed there, your identity and address cannot be verified and your application for a pay monthly contract may get rejected as a fraud.
Another reason why the provider may decide reject your contract application is if you choose to get an expensive monthly plan and a high-end handset. With your poor credit rating you are extremely unlikely to be able to repay a big amount on your contract. In order to improve your chances of getting accepted, you should pick a cheaper handset and a less expensive plan.
You can also boost your chances for a successful application if you offer an upfront deposit. Making a deposit can tip the balance in your favour if the provider is not sure whether he should grant you a contract or not. Later, when you have proven to be able to pay your bills, you can get the amount you deposited back.
In the end, getting a bad credit monthly phone contract is all about choosing the right provider and planning ahead. You should make sure today that you'll have no problem tomorrow paying your phone bill.