The fallacious assumption has always been that bad credit mobile phones are specifically and exclusively designed for people with a poor credit rating. While this assumption holds true in some respect, holding it as the gospel truth is misleading to say the least. If you have bad credit or your credit rating is less than average, then this kind of contract is without a doubt the one to apply. The fact that credit checks are not a hindrance is what makes these contracts ideal for those whose credit rating has suffered a beating. In fact, this very feature is what has led to the popularity of bad credit mobile phones. However, does this mean that bad credit mobile phones are exclusively for those whose credit score have suffered a beating? Of course not! Let’s take a look at other kinds of people that can apply for bad credit mobile phones.
People interested in repairing their credit report
Whether we like it or not, the truth of the matter is that you cannot repair your credit report by just sitting there idly and hoping for the best. While being approved for standard contracts when you have bad credit is a tall order, bad credit mobile contracts provides those with a poor credit rating a perfect opportunity to repair their credit report. Because credit checks are not a major determinant, they can apply for these contracts and commit to paying their monthly obligations dutifully without defaults. By so doing, they will be improving their credit score gradually and hence repair their credit report with time.
People who want to repair their credit score from scratch
As surreal as it sounds, having no credit history to talk about is just as bad especially when you are seeking to apply for a loan or a mobile contract. Most of the times, providers tend to deny ones request because they have no way of determining how responsible you are with your finances. You might not be having a poor credit score but the fact that you have no score at all will negatively affect your chances of being approved for a phone contract. So what options do you have? You can either apply for bad credit mobile contracts or simply go for guaranteed mobile phone contracts. The idea is to simply ensure that you are diligent in making your payments and by so doing build your credit score from scratch. One you have established a good credit score, then you can always apply for ordinary standard contract and enjoy the benefits that people with a good credit history do.
So there you have it, if you have always held the belief that bad credit mobile contracts are for those with a less than average credit score, you have been wrong all along!