Looking for a phone contract when you have a history of bad credit can be tricky. It is more probable than not that you will be turned down by most providers. And, that is a bitter pill to swallow. Being turned down for a mobile contract because of a poor credit history is a frustrating experience. After all, we all know how much of a necessity technology has become in today’s world.
Unfortunately, a credit check is equally important as it is the tool that is used by most carriers to determine how likely it is you will be able to keep up with payments. So what will do if you have bad credit yet you want that contract so bad? Worry not, as here is a compiled list of useful tips that will help you improve your chances of approval.
Know your usage
When applying for a bad credit mobile contract, determining your usage is very important. You need to get good value for your money and the best way to do this is by knowing your monthly usage in terms of minutes, texts and data usage. You do not want a situation where you are paying an arm and a leg for a contract that is not helping you at all. For instance, if you will be browsing more than you will call, then you need a plan with more bundles than minutes. Taking a different plan will see you paying extra money every month which could even worsen your credit situation. Ensure you bargain for a deal that will best suit your needs.
Offer to make a down payment
Remember, the greatest fear of every provider is risk. And the riskier a deal looks, the higher the chances that they will reject it. No provider will get into a contract that may go wrong. That is why you need to reduce the risk involved by offering a down payment especially if you want a flagship killer. By doing this, you will be showing your provider that you are committed to the contract and even though your credit history says otherwise, you are able to support your payments throughout the contract.
It is important to note that this amount may vary from one provider to another and may also depend on the type of phone you want. Just ensure that you enquire before making payments. Additionally, some companies agree to it while others don’t so make sure you know this too.
It goes without saying that a bad credit contract provider that has been in the business for a long time is more stable. Unlike one who just started and is still finding their bearing, they are more reliable and can help you get a better deal. Remember, you do not want to get into a contract that will prove to be more of trouble than relief. Therefore, always opt for a trusted firm that has over the years not only met but exceeded its customer’s expectations.
This is a serious consideration to make when looking for a bad credit mobile contract. Ensure you go for a provider that offers numerous payment options including cash payment plans. You do not want to be stuck in a payment plan you are not comfortable with. Remember, the main goal is to improve your credit record and any delayed payments will not auger well for you.
When making an application, ensure you ask all the difficult questions and clearly spell out your own expectations. Avoid the situation where you enter into a contract only to find hidden clauses and charges. Not only will this be an inconvenience, but it will also be frustrating to you considering your financial standing.