With mobile phone manufacturers releasing new handsets year after year, it’s hard not to get tempted to buy one. Unfortunately, there are some of us who can’t buy them upfront. This is where contract phones become even more attractive.
For mobile users who can’t afford the latest high-end handset, getting a contract phone subsidizes the cost. There’s just one problem. If you have a poor credit score and you want a contract phone, you might have a hard time getting approved. Thankfully, there are guaranteed mobile phone contracts. Here’s your quick guide to tell you everything you need to know about these contracts.
What are guaranteed mobile phone contracts?
Like its name says, guaranteed mobile phone contracts promise guaranteed approval even if you have bad credit under your belt. Providers of these deals cater specifically to people who cannot get approved for a contract plan from major carriers. There are no credit check requirements hence the fast and often guaranteed approval. You just need to meet the eligibility criteria and you’re good to go. If you’re ready to get approve for a guaranteed phone contract, you can apply here now.
What are the requirements?
To be eligible for a guaranteed mobile phone contract, you need to be a UK resident. You must also be of legal age and more importantly you need to provide proof of income. Your provider will require you to provide your recent pay slips as well as other required documents such as proof of identification, billing details, tax details and even your bank details if you prefer to pay for your monthly bill through a bank arrangement. Again, you don’t have to worry about your credit score getting in the way because guaranteed phone contracts are offered specially for people with bad credit.
How much do guaranteed phone contracts cost?
Like traditional phone contracts, guaranteed phone contracts will require you to pay a monthly fee, which is inclusive of your phone’s subsidized monthly cost and your bundle plan. Your monthly fee will depend on your handset choice and bundle plan. The more costly the phone, the higher your monthly fee will be. The same is true if you opt for a more generous bundle plan, which is inclusive of your call, text and data allowance. Contracts typically last for 24 months but there are deals that offer a shorter term at 12 months and a longer term at 36 months.
What are the types of phones available?
Guaranteed phone contract providers offer a wide selection of handsets to choose from including cheap and high-end handsets from huge brands such as Apple, Samsung and more. There’s just one key reminder you should keep in mind. While these contracts often guarantee quick approval, you need to choose your handset carefully. Opting for the high-end option may be tempting but it might compromise your chances for approval especially if you cannot back up your option with a sufficient proof of income. Since you have a poor credit score, it would be safer to stick with a cheaper handset for now.
Should you apply for one?
If you’ve tried applying for a contract phone from major carriers to no avail then considering a guaranteed phone contract as alternative may be best for your situation. Just remember that you should apply only if you think that you’re going to get the best end of the deal. It’s also important to make sure that you can afford the monthly fees. Otherwise, you might end up with a worse credit score than before if you’re not extra careful.