In a time and age where mobile phones are like an extra limb we cannot live without, it’s crucial to find the ideal phone deal to take care of your monthly usage. When choosing a phone contract deal, for example, most people would think that it’s all about picking the right handset. The handset is certainly an important aspect but there’s another key factor to consider and that is your credit rating.
When your credit rating is poor or bad, you are less likely to get approved for a phone contract. This is where options such as guaranteed phone contracts maybe worth considering. To know more about these offers, here is everything you need to know about guaranteed phone contract deals.
What is a guaranteed phone deal?
As per the name, a guaranteed phone deal is a type of phone contract offer where approval is often guaranteed regardless of your credit score. With this type of phone deal, you don’t have to worry about credit checks anymore. Rather than base approval on your credit score,
Who is it for?
Guaranteed phone deals are for consumers who are struggling to get approved for a phone contract elsewhere. If your application has ever been rejected then these specific deals tailored specifically for people with bad credit makes an excellent alternative.
With a guaranteed phone deal, the requirements are more basic and simpler than ever. To be eligible, you really just need to be of legal age and of course, a resident in the UK. You will be asked to provide proof of income in addition to basic documents such as IDs with pictures, billing address and more.
What can you get from the deal?
Like a traditional phone contract, you’ll enjoy a similar set of advantages with guaranteed phone deal. From the free handset to affordable rates on call, text and data services, the phone offer is brimming with advantages provided that you snatch the right deal to meet your needs. Unlike traditional phone deals for people with good credit, however, the handset selection may be limited. In most cases, you’ll only have cheaper and older models for options to keep the monthly cost lower and at a more manageable amount.
How much is the monthly fee for the deal?
Considering that guaranteed phone deals are for people with bad credit, the monthly fee may be higher than what a traditional phone contract may cost. To compensate for the high risks providers are getting themselves into, they may inject additional charges to your monthly fee hence spiking the cost. This is not to say that guaranteed phone deals are expensive per se. The charges are just higher than if you have good credit. In any case, applying for a guaranteed phone contract is a good start if you’re hoping to get a better phone package in the future. If you can pay your monthly dues on time each month, chances are high that your credit score may improve along the way.
Should you get one?
If you believe that getting a phone contract deal is going to be more cost effective for your case, go for it by all means. While you still have a poor credit score to deal with, applying for a guaranteed phone contract is a smart move that will still give you a handset and potential savings on your phone bill. The trick, at the end of the day, is to ensure that you look for a suitable deal that perfectly meets both your budget and your monthly phone service usage.