Your credit history is the one tool that most providers use to asses reliability. For instance a flawless credit record is translated as financial maturity on the individual. People with bad credit on the other hand are judged as financially reckless and untrustworthy. That is why it will be an uphill task securing a mobile contract when you have bad credit. However, there’s still hope of securing a mobile contract regardless of how bad your credit looks like. Thanks to bad credit mobile phones, your dream will become a reality. There are many firms, such as InstantMobile, that specialise in offering mobile phones for bad credit. You bet you will be spoilt for choices.
No credit checks mobile phones
These are mobile phones that are specifically meant for people with bad credit even though anyone can apply. As the name suggests, dealers will not conduct a credit check in order to determine whether you qualify or not. In other words, your credit history does not matter as providers look at everything else but that. Among the things they look at include citizenship and age. Most importantly, they seek to establish whether you can afford the contract comfortably. This is good alternative if you have been turned down because of bad credit since you are assured of automatic approval. However, bear in mind that such contracts are more expensive as they involve high risk as well. To avoid entangling yourself in a contract that will frustrate you, ensure you go for a reputable and well established firm.
Guaranteed Mobile contracts
A guaranteed mobile contract is one of the best alternatives for people with bad credit particularly if you’re looking for a flagship mobile contract. Such an arrangement works by using someone else’s records. This person is now the guarantor. They vouch for you, that you are able to handle the financial responsibilities of the contract and in the event where you fail, they will come in and pay on your behalf. Here, approval totally depends on the guarantor you choose. Therefore ensure you select one with a good reputation and probably a home owner. What is important is that they should have a close to perfect credit record
The risk involved in sim-only contracts is very low for the provider and this will make it a lot easier to score a contract. A sim-only deal offers you a package of text, minutes and data just as a typical contract would. The only difference however is that you don’t get a new handset. Almost every provider will be willing to accept your application if you opt for this kind of contract. First it is cheap as you won’t have to take a high end phone. You can choose to use your current phone if it is in good working condition and then slowly upgrade to the phone of your liking after you put your finances in order and improve your credit score.
Remember, getting yourself a contract with bad credit isn’t such an impossible task. All you have to do is lower the risk of the provider by providing that you can pay back the loan, and in good time.