There are many people who due to some unfortunate situation get a bad credit rating and if you are one of them then don't lose hope. There are mobile phone companies who have started offering guaranteed mobile phones to those with bad credits. Companies like T-mobile, O2, and 3 offer bad credit mobile phone contracts. The Utility Warehouse is another company who will charge you a small one-time fee upfront like ?10. This amount is to ensure that your first few calls are paid for.
One of the important aspects that you need to consider for guaranteed mobile phones for people with bad credit includes the type of bad credit mobile phone contracts available. There are basically two categories and they are:
Low credit score approval: There are several UK mobile phone network operators who are planning to implement the revision of their policies related to credit scoring. This step is being taken because of the increasing number of people opting for bad credit mobile phone contracts. Off late, there has been an increase in the number of people suffering from various credit problems and more so due to the worldwide recession. There are certain mobile phone networks like 3 Mobile and T Mobile who have a much lower credit score approval rate and hence offer guaranteed mobile phones to people with bad credit scores. In fact, 3 Mobile have a history of being sympathetic to people who are reeling under the adverse effect of bad credit. One of the salient points of 3 Mobile is that if your credit rating fails their credit check then the company representatives will manually review your mobile phone application. The other company T Mobile offers a tariff plan to choose from for people with bad credit. The plan is known as Flexiplan or Solo. Of course, there will be certain restrictions on your account but that will depend on your credit score.
No credit check mobile phones: If you have a bad credit rating then the second option is the ?no credit check mobile phones?. In this scenario, you will be guaranteed mobile phones but it can be quite expensive as well. Whatever your credit rating be, you will definitely be approved for a mobile phone but the catch is that you will be paying more money on each call as well as sms.
Specific contract companies: There are certain companies that offer bad credit mobile phone contracts like Chance Contracts. This is a company that has been around for a long time in the market and their offer is that there will be no credit check on your application. What is the catch? The catch is that you will have to deposit ?100 upfront. The ?100 will be paid back within a 12 month period although the repayment of this amount will actually depend on your repayment schedule.
In all of the above cases, you will be required to hold a UK bank account and one more thing: the guaranteed mobile phones for those with bad credit will not be the latest jazzy models. The good part is that you will never be out of communication!
Here is a plan that details what you can do to get a mobile phone with a decent tariff.
Most people with bad credit will actually end up buying a pay as you go mobile phone and end up paying higher call costs, on top fo having to purchase the phone to get going.
With these deals the networks have to make their money back somehow and this is done through the cost of the calls. Don't be conned by deals that offer more expensive call rates for the first few minutes each day, this can really add up.
Bad credit rating mobile phone suppliers are few and far between. Most of them charge a big deposit but there is a company that is much better called The Utility Warehouse.
The Utility Warehouse has a couple of major advantages. They do not perform a credit check and only ask that you pay the first ten pounds of your bill in advance. The other main advance is that you can off set the cost of your mobile bill by taking a couple of other services.
They charge 1.76 to be a part of the club. This also enables you to save money on other products as well. How about a free laptop deal which you can take with their broadband package.
That said, if you need a better deal than pay as you go becuse of a bad credit rating then the Utility Warehouse is your best and often only option for a mobile phone.
Both Britney Simpson & Rick Vincent are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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