Get Approved for a Phone Contract with Bad Credit
Having bad credit is not only disadvantageous if you’re hoping to get approved for a personal loan. Nowadays, bad credit also means disapproval for your phone contract application. But there are ways to get around the problem if you’re willing. Below are some things you can do to get approved for a phone contract even with bad credit under your belt.
Pay for the upfront fee
Depending on your handset choice, you can opt to pay for an upfront fee. In fact, you can offer more than the usual requirement if you really want to get your hands on the latest handsets available today. This move is perfect if you have sufficient cash you can use to cover for the upfront fee. Just go to your provider and make the necessary arrangements. Chances are high that your provider will approve your application if the risks are considerably lower on their end.
Bring a guarantor
Another way to lower the risks for your provider is if you bring a guarantor to back up your mobile phone contract application. Your guarantor should agree to co-sign the debt agreement with you. This means that if you can’t keep up with the monthly fees, your guarantor shoulders the liability. With lower risks on your provider, approval for your application is almost always guaranteed.
Opt for a cheaper handset
If you can’t afford the upfront fee and you can’t find any guarantor, you can always settle for a cheaper handset. By choosing a cheaper handset, you are also lowering your fixed monthly fees. Lower fees mean lower risks on your providers hence the higher likelihood for approval. If you need help on how to choose the right handset, Digital Trends has a wealth of information at http://www.digitaltrends.com/mobile/cell-phone-buying-guide/.
Consider no credit check phones
If the aforementioned tricks do not come through, you can check out no credit check mobile phones. These are phone deals offered especially for people with bad credit. There is no credit check involved in the approval process. Even if you have bad credit or a history of ccjs or defaults, you can count on no credit check phones to save the day. There are just some downsides though. One, your handset selection is usually very limited to older models. Two, the fixed monthly rate may be higher than usual.