In the contemporary society that we live in, a mobile phone contract is a basic need. Gone are the days when cell phones were the preserve of the affluent in the society, a symbol of luxury. Today, we use mobile phones for virtually everything –getting in touch, getting news in real time, looking for directions and recording videos just to mention but a few. As a basic need, a cell phone is no longer something that a person can afford not to have. In fact, in this time and age, people are more likely to frown if a person said they’ve never used a phone or don’t own one.
That said, in as much as cell phones are mandatory and play an important role in our lives, they are also quite expensive especially for individuals seeking to acquire the latest flagship phones such as Samsung Galaxy s8 or the latest iPhone to hit the market. In that regard, a phone contract is usually the best way through which individuals can acquire their smartphone of choice and pay for the same over a period of time. To get approved for a phone contract, a good credit rating is of essence. What then happens if you have a poor credit rating and in need of a phone contract badly?
Well, if you are in such a position, you need not worry as it is now possible to get a phone contract even if you have bad credit.
Check for errors in your credit report
Believe it or not, your credit score could be in bad shape as a result of errors in your credit report. It is therefore important that you take measures to thoroughly go through your credit, identify errors of omission or commission and have it rectified before you apply for a phone contract.
Apply for bad credit mobile phones
Alternatively, if you have bad credit and are apprehensive about getting approved, you no longer need to spend sleepless nights on this as there are a number of providers offeringbad credit mobile phones which are essentially meant for individuals with a poor credit score. Under these phone contracts, credit checks are not mandatory and therefore you can apply and get approved for a phone contract even if you have a poor credit rating.
Part with a security deposit upfront
Having a bad credit is not the end of the world. It doesn’t mean that you won’t be able to avail a phone contract. In fact, a good number of UK phone contract providers have no qualms approving your application if you part with a security deposit upfront. It actually reduces risk on their side and this essentially means that you get to get a phone contract of choice even if you have bad credit.
Try and find a co-signer
If your credit rating is in doldrums, one of the best and easiest way to get approved for a phone contract is if you get a co-signer with a good credit rating. A co-signer essentially commits themselves to make the monthly payments on your behalf in the unlikely event that you are unable to make payments. A co-signer can be a family member, a spouse or even a colleague at work so long as they have a good credit rating and willing to co-sign your phone contract.
In addition to the above, you can also choose to go for a Pay As You Go phone contract or a SIM only contract as they tend to be cheaper and more lenient to individuals with a poor credit rating!