Over the past number of years, the profile of bad credit mobile phones has certainly been on the rise. More and more people are turning to them as a way to own a handset of their choice on a contract basis.
There are a number of reasons for this but primarily it is people with bad credit ratings who look to take this outlet as a way to own a contract mobile phone. They certainly have no other choice! Because of their bad credit rating, bankruptcy, or the fact that they are blacklisted, they simply cannot get any credit products from regular financial institutions. This also means that a normal contract mobile phone is off limits. And believe us when we say that people try and try and try again only to face constant rejection.
The problem lies in the fact that regular mobile service providers – think Orange or Vodaphone here – simply are not willing to take the risk on someone who has defaulted on credit payments before, sometimes through no fault of their own. They do not care that economically, times are very tough and simply want their payment on time, every month.
But bad credit mobile phones certainly offer a respite from the constant rejection. And let’s face it, owning a mobile phone on a contract is the best way to go. Not only can you make calls etc. without fear of running out of call time, but you can structure the mobile package exactly how you want to. Need more data for example? Then take a data heavy contract, it really is a massive benefit over pay as you go options.
Other reasons for the popularity of bad credit mobile phone contracts
So obviously the fact that they will not get turned down for a bad credit mobile phone contract is a major reason for their popularity, but there are others. Let’s take a look.
- The availability of a wide range of handsets
Now many people believe that if they go the bad credit mobile route, their choice of handsets is massively limited. This is simply not true. Most bad credit mobile phone providers will have a range of handsets for you to choose from, including some of the latest top of the range smartphones such as the Apple iPhone 7 and the Samsung Galaxy S7.
Bear in mind, depending on your financial situation, these handset might not always be available for your specific contract. Here, your income and expenditure is taken into account as the provider decides on a range of contracts that are best for you. Perhaps the best options, both in terms of value and what they offer are a range of budget smartphones that have made their way onto the scene. These phones really are able to do everything you could possibly need them to while they remain well priced and affordable.
- Applying is so simple
As with all things when it comes to applying for a contract, you will need to fill in some paperwork when applying. This is minimal, however. You will also need to bring a few documents with you including identification, proof of address, proof of your income as well as bank statements. These can be sent to the provider ahead of time and once your application is completed, it takes only a few hours for them to approve it. The whole process can even be done from the comfort of your home by using online application forms that many bad credit mobile phone providers have on their websites.
- You could have your handset in 24 hours
Should you live in the same town as the provider you are applying with, you could have your handset in 24 hours but most often, even quicker than that. Should you stay outside of the city, your handset will be couriered to you overnight. This really is some of the fastest ways to get hold of a phone, certainly faster than a regular contract.
Remember, anyone can apply for a bad credit mobile phone, although it is mostly meant for that group of people who constantly get turned down for a regular mobile phone contract due to their less than perfect credit score. Many people, such as persons starting out in the workplace, use these contracts as a way to build up their credit history as well.