Getting a cell phone contract requires checking your credit history. Companies would want to know if you are capable of making payments on time.
What if you do not have a nice credit history?
Do not fret because you are not the only one in the world with a bad credit history. A lot of people have been delinquent in their loan and credit card payments and so the low credit scores. Different people have different reasons why they have bad credit scores. The reasons could range from unemployment to recession. And sometimes, it is just plain negligence on the part of the borrower.
When you know you do not have a good record of credit, you doubt your chance of approval. It can be pretty embarrassing too when you are disapproved because of a bad credit rating. This could mean you do not possess the integrity they are looking for in a borrower. They do not think you are capable to pay, so they denied the application.
If you do not have a good credit standing, you can still avail a cell phone service. There are ways and means in which you can secure a cell phone service without getting through credit check or even if you have a bad credit. There are companies that offer other options for people who have bad credit. You may be asked to provide some sort of security like a cash deposit.
Verizon requires you of about $400 as a security deposit. This is not refunded in cash, but the amount will revert back to your account after one year. Although $400 is quite a bit, you can take consolation that once this is credited into your account, you will not be paying the service in awhile.
Sprint also imposes the same policy; only that the security deposit is cheaper. You only need $125 and they will give back the amount by writing your check after one year.
T-Mobile has the highest charge for security deposit. You need to cough up $500 in order to have the service.
You may want to double-check with each cell phone provider regarding the amount of the security deposit as price changes without prior notice.
Another way in which you can have a cell phone even with a bad credit is to have someone open an account for you under their name. It is in the understanding that someone agreeing to this kind of set up is someone close to you or is a member of the family. Also, you can have someone co-sign the contract with you instead of opening an account in their name. This should be someone you can trust and someone who trusts you in return. There are cases that in the event that you cannot pay, the co-signer may have to answer for you. However, you need to make sure that you do your part in paying for the service plan so that you do not ruin relationships over a cell phone contract gone delinquent.
The author gives advice when it comes to getting the best cell phone deals. To read more visit getcellphonedeals.co.za
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