Bad Credit Mobile Phones Buying Guide
Why are credit scores important?
Credit scores speak a lot about you. These scores tell how worthy you are when it comes to making payments on time. It helps the lenders decide whether you should be offered credit, contract phones, mortgage, etc. or not.
How are these scores calculated?
Credit scores can go up and down and this fluctuation of scores depends on a variety of factors. If you have not made any payments on time and not registered on the electoral roll or declared bankrupt then your credit report can be affected badly. The way credit scores are calculated differs among credit reference agencies and lenders. You just need to keep in mind that making all your payments on time is vital for getting a good score, else the credit rating will be affected big time.
Getting approval for a mobile phone contract is simple?
Qualifying for mobile phones on contracts in the UK is an overwhelming process because a credit check is an integral part of it. Companies do not approve contract phones if you have a low credit rating and many get disappointed due to this. If your credit rating is high then getting approval for a contract phone becomes easy.
Rules have changed regarding credit rating for those who have low credit score:
Earlier, many contract phone companies had stringent rules for those with low credit ratings. However, the worldwide credit crunch has brought some effective changes to this process. So, those who have bad credit can take advantage of this. Credit ranking is not a rule anymore, but it is an exception.
Is it easy to get any handset for those who have a low credit score?
Those customers who have a low credit score can buy contract phones online but there are limited options when it comes to the selection of handsets. These limitations can be marginalized when comparing some great benefits of bad credit score phones. There is no need to deal with enormous paperwork when applying for these phones.
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