Bad Credit Mobile Phones Contracts: Who Can Apply For Them?
There is always the general misconception that bad credit mobile phones are specifically designed for people with bad credit. While this might be true to some extent, the assertion could never be more fallacious. The confusion as regards contracts for bad credit has led many people to inquire whether it is unilaterally designed for people who exclusively have bad credit. Well, we are going to take a look at some of the people who can apply for bad credit mobile phones contracts. Contrary to popular belief, bad credit mobile phones are not exclusively for people whose credit scores have taken a nose dive. So who can apply for bad credit mobile phones contract?
Those with no credit score
As difficult as it is to comprehend, there are indeed a couple of people in the UK with no credit score. This simply means that such people have not been involved in a mortgage of sorts, student loan of sorts or even a mobile phone contract. Having no credit score could just be as bad as having a poor credit score. When applying for a loan or even a mobile phone contract, lenders and mobile providers always check for your payment history that makes up your credit rating. Absence of a credit score ca n make a person be rejected for a mobile phone contract as mobile providers have no way of telling whether such a person is capable of making repayments on time. Such people can apply for bad credit mobile phone contracts as a way of jumpstarting or building their credit score from scratch. Contracts for bad credit normally do not give too much importance to a person’s credit rating and therefore offer a perfect opportunity for those with no credit history to start building there’s from scratch.
Those who want to rebuild their poor credit rating
We already have gathered that having a poor credit can cause havoc in every aspect of your life. Mobile phone contracts for people with bad credit can go a long way in helping individuals who have a poor credit rating rebuild it to a better credit score. However, for this to be made possible, a person needs to be diligent and timely in making their monthly payments. Payment without defaults reflects positively on a person’s credit report and has the effect of credit rating improving over a period of time. Considering that many people with a poor credit rating face difficulties getting approved for a contract or loan, there is no better way to improve one’s credit rating than going for a bad credit mobile phone contract.
Those whose credit report have errors but they don’t know
At times, you could be having a low credit or below average credit score not because of errors in your credit report. This is one of the reasons why people are advised to routinely check their credit reports for any errors before they can apply for a mobile phone contract or even a loan of sorts. However, if you do not know that your report has errors either due to ignorance or you simply don’t care, then going for a bad credit mobile phone contract is the best remedy.