10 Misconception About Bad Credit And Mobile Phone Contracts
Do you know your credit history affects your chances of getting a contract phone? If you have poor or bad credit history then it can be difficult to get a phone on a plan, but it doesn’t mean you will never qualify for a Smartphone. Here we will discuss 10 misconceptions about bad credit and mobile phone contracts. When you are buying a mobile phone contract you may think I have cleared my debts now so these won’t show at present if the credit check is executed. It is a myth. Your past debts are on the report for at least 6 years. If there have been Iva’s and bankruptcies then it will show. The current way of paying your bills on time and clearing the debts are counted but past debts do impact your credit report and scores. If you have never used credit in the past it is not easy for the lenders to judge your paying ability. They cannot say whether you are reliable or not and this means they can refuse to give mobile phone contracts to such...