How To Acquire Cellphone Contracts With A Low Credit Score | The Communication Blog

Sunday, September 30, 2012

How To Acquire Cellphone Contracts With A Low Credit Score

By Bogart Obedencia


If you have bad credit, it is possible for you to obtain cellphone contracts with a reputable company. Even though these companies will scan your score to determine your payment history, there are a few things that you can do to ensure that you are still given service, despite your low score. Many companies are offering to help people rebuild their credit with a contractual agreement.

Eighty percent of people that have deplorable credit ratings are surprised when they fill out an application for a cellular device, and are approved for service. Even though prepaid phones are being sold in abundance these days, contractual phones offer more benefits than prepaid versions. If you have bad credit, this will not disqualify you from getting a phone that mandates that you sign a contract for it.

Prepaid phones do not require a customer to go through a credit check. However, these phones do not offer the same perks and benefits as phones that have contracts that accompany them. Many large cellular phone providers are beginning to offer alternative methods to help individuals with poor credit obtain a phone through their company.

One way that these providers are attempting to help poor credit customers is to have them pay a down payment towards their service, before it is rendered. The down payment will be based on your score. This payment can range from fifty dollars to four hundred dollars, based on your rating.

The amount that you may be asked to pay will be determined by your score. It can fluctuate between fifty dollars and four hundred dollars. In order to determine how much you will need to pay, you will have to fill out an application. The application will trigger a credit check. Allowing you to find out how much money you need to pay to start service.

If you are asked to pay a down payment, because of your credit, the payment will be returned to you as long as you pay for your service on time. Paying your monthly bill on time will also help you rebuild your rating. At the end of your contract, any money that you paid towards your down payment plus the interest that accrued will be given back to you.

Cellphone contracts can help you rebuild your credit rating. You will need to make an initial investment when starting service, but after the investment is made, then you will just need to abide by the payment terms you set with the company. Research different carriers to locate a carrier that is willing to work with your poor rating.




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