If you are looking to apply for a big brand mobile phone, especially a new model, with some cool new features, but you have a bad credit rating, be prepared for a shock. It's going to be very difficult for you to do that. The thing is, mobile phone retailers would rather do business with someone who has a slightly (or a lot, depends on how you look) better credit score.
The reason why they check your credit score is that they want to assess your paying ability, whether you have some outstanding loans, neglected or overdue payments and so on.
There are, however,r, companies that accept customers even if they have a very low credit rating. It's just a matter of finding them. Which is why I've written this short article. Hopefully it will prove useful in your search for bad credit mobile phones.
First of all, if you are looking for a company that will give you a better chance of getting a mobile phone contract with bad credit, you go straight to the phone networks. In United Kingdom those are: O2, T-Mobile, Orange, Virgin Mobile and Vodafone. If you apply with these big names, getting the latest Smartphone or an Android phone is no longer “mission impossible”.
There are two deals you can make. The first one is the so-called PAYG, which stands for pay-as-you go. This one is designed specifically for people with low credit scores. It's very alike to the SIM-only plan in that the customer gets a phone for a lower monthly payment (only monthly charges on the plan are paid). If you want to learn about other bad credit mobile phone deals available aside from these two, you can find out more herefind out more here.
The other possibility is to get a monthly pay plan. This plan allows you to have your own phone, but you have to pay for it on a monthly basis. However, these plans require a credit score check, so you may not have as much luck with these as you might with the PAYG plan.
Of course, regardless of the plan you will be using and whether it's pay-as-you -go or a monthly contract, you should always compare prices of different mobile phone providers in order to make a good decision.
Naturally, it all comes to how much you are willing to pay. So if you can pay, say £400 per month instead of £75, you will be able to get a significantly better mobile phone. And vice versa.