Thursday, September 27, 2012

How To Acquire Cellphone Contracts With A Low Credit Rating

By Bogart Obedencia


There are a lot of people that are scared to purchase a cellular phone that requires them to enter into a contract with a specific company because of their deplorable credit. These individuals believe that the only way that they can get a cellular device is to opt for the prepaid option. What these individuals do not realize is that there is a way to get approved for cellphone contracts with bad credit.

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.

The great thing about paying a down payment is the fact that the payment is refundable. As long as you pay your monthly bill on time throughout the span of your contract, you will receive the money that you paid down plus interest back at the end of your contract term. In the end, you really are not missing out if you are asked to pay some money down to start your service.

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.

Therefore, if you are searching for cellphone contracts for bad credit, you need to research all of your options. If one company mandates that you pay them a large down payment to start your service, there are always other companies that may be a little bit more flexible with your deplorable score. Filling out applications that are offered by different companies will give you a better understanding of how much money you will need to pay to begin your contractual agreement.




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