11 Dec

How to Get Mobile Phone Financing with Bad Credit

Cell phone companies have different criteria when it comes to credit scores. With some companies, an average credit score is insufficient in getting a standard contract. The only way you can get a standard contract with bad credit score is if you pay a deposit fee. On the other hand, you may approach any of the following retailers to see whether they would approve your request or not:

  1. Affordable Mobile
  2. Phones.co.uk
  3. Virgin Mobile
  4. EE
  5. O2
  6. Mobile Phones Direct

If your mobile phone financing request is to get the approval, prepare and ensure it conforms to the following checklist:

  • Can you prove your ability to pay the bills without defaulting?
  • Registration on the electoral role
  • Paying all bills

It would also be fair to visit mobile phone shops where the application criteria tend to favor people with bad credit.

Start the Search

The first step towards getting mobile phone financing despite bad credit is starting the search for what you consider the best plan. To do this, a proper review of your credit report would be necessary. Fortunately, you have several sites that you can visit to obtain annual credit reports without paying anything. However, it is worth pointing out that the free report will not include your credit score, which some of the cell phone companies would require to approve financing.

Prepaid Plan

Purchasing a prepaid plan can be effective strategy for obtaining the appropriate mobile phone financing that you need. Such plans are not only good for people whose credit is not worth writing home about, but also those who want to take control over their phone usage. The main disadvantage with this plan is that it does not come with a cell phone. You can obtain these plans from major and small service providers.

Alternative Options

You should also feel free to explore other options that would actualize your dream of obtaining mobile phone financing. For this strategy to work, it would be good for you to look for a creditworthy co-signer. With such a co-signer, qualifying for traditional cell phone plans would be much easier. Joining multi-line plans and paying your portion of monthly bills to the appropriate account would also make you eligible for mobile phone financing.

If you follow these strategies, your bad credit score would not stand in your way and make it impossible to obtain the appropriate mobile phone financing. More importantly, you have to select the best plan carefully. Conduct due diligence to determine your eligibility. Remember that some plans come with a cell phone but some do not, thus the importance of determining the best plan based on what you really need.

Therefore, what this has shown is that you can get mobile phone financing despite your bad credit. For this reason, do not allow bad credit to stand in the way of your goal to acquire cell phone financing. Federal lifeline program and purchasing prepaid plans are just but a few of the strategies that you can use to acquire mobile phone financing if your credit score are not up to scratch.

11 Dec

How to Switch to different Network if Mobile Phone Financing is Bad

Ofcom made it easier for UK subscribers to move from one network to the next if they find the quality of services – including mobile phone financing – below their expectation. Ofcom made this favorable ruling by virtue of being the telecoms regulator in the UK. In fact, the switch is possible within a single day. Previously, the process could last several days, thus forcing subscribers to spend more time with a network that provides poor phone financing services.

For this process to roll off, the customer must initiate it. He does this by asking the mobile phone provider for a PAC Code. PAC stands for Porting Authorization Code. Without this code, the subscriber would be unable to retain his normal number. The subscriber has every right to receive the PAC Code immediately he asks for it. He can receive it via the phone or through a text message and immediately upon request.

Best Tips for Transitioning

If you want a smoother transition, follow these tips:

  1. Do your homework thoroughly. Choose the best plan based on your needs and the type of handset that you want.
  2. Evaluate the coverage that the new network or provider has to offer. Regardless of the plan, it would be of no value if you cannot access it when in need.
  3. Ascertain whether the current provider has locked in the handset to the network. If the answer is yes, you can have the handset unlocked, although this privilege will cost more.
  4. Wait until the number transfers to the new provider successfully before cancelling the existing plan. Failure to observe this rule would render you unreachable for some time.
  5. Backup all types of information that you want to move with to the new plan from your current or former SIM card. Photos, SMS, calendar reminders and contacts need backup.
  6. PAYG or pay-as-you-go credit is not transferrable to the new network. In this regard, use all the pay-as-you-go credit before switching to the new network.
  7. Clear your debts with the former network. This is because the debt will remain even if you switch to a new network, and this could hamper your credit scores.

Retain Your PAC Code

Handing your PAC Code over to somebody before determining the handset and plan to go for is highly unadvisable. Failure to heed to this warning could mean exposure to some illegal practices that are common in the UK such as slamming, which simply refers to the tendency to sign customers to new contracts without their consent or knowledge. To prevent such practices, hold on to your PAC until ready to sign the new contract.

Therefore, when the current mobile phone financing plan to which you are entitled seems unfavorable, move on to a different network and choose what is more favorable. You will have to thank Ofcom for this development as the organization won the battle on behalf of UK consumers who can now switch networks within a day. For these reasons, do not continue suffering in the hands of your current provider if you deem the deal poor and unsatisfactory.