If you, like millions of residents of the United Kingdom suffer from a bad credit rating, you know how this can affect your life on a daily basis. Take a mobile phone contract for example. You simply will not be able to get one from a top UK service provider if you suffer from a bad credit rating.
Luckily, with a guaranteed mobile phone contract, people with bad credit ratings still have access to a range of mobile phone handsets and on a contractual basis, paying it off monthly – much like a normal mobile phone contract works.
But it’s not just the fact that you will finally have that new handset that you have always craved. There are many other positives that can be linked to taking out a guaranteed mobile phone contract. People simply do not know about them, so the purpose of this blog post is to inform those of you who are thinking about taking out a guaranteed mobile phone contract but remain undecided.
Application is simple
Perhaps one of the biggest advantages of a guaranteed mobile phone contract is that applying is so simple. Not only that but you will know whether you are successful in less than an hour in most cases. Most guaranteed mobile phone service providers will require a number of documents from you to complete the application but these are easy to obtain. In fact, you will have most of them at home already.
They include your personal identification (either your ID document, passport or even a driver’s license), payslips from your employer for the last three months and finally bank statements for the last three months. Nothing could be simpler really. Perhaps the most difficult thing will be choosing a handset from the large amount of makes and models they have on offer!
You are almost guaranteed to be approved
It is really difficult to be rejected for a guaranteed mobile phone contract, hence the name! Many thousands of people across the United Kingdom get approved for these contracts on a daily basis with the rejection rate extremely low.
That been said, you can still be rejected but mostly for only two reasons. The first is that you are not a resident of the United Kingdom. Only residents may apply for a guaranteed mobile phone contract. If you are not a resident, don’t apply otherwise you will face rejection. Secondly, you have to be 18 years of age to apply for such a contract. Even if you are 17 and earn money from a part-time job, you won’t be eligible for one of these contracts. Having said that, what 17-year old has a bad credit rating and is likely to apply!
Improve your credit rating
A guaranteed mobile phone contract is a great way to build up your tarnished credit rating. You may suffer from a negative credit rating, so much so that you cannot avail any other form of credit, let alone a normal mobile phone contract. By using your guaranteed mobile phone contract intelligently, paying it off every month on time and ensuring you never default on a payment, your credit rating will improve immensely. This will open up the world of regular credit products from your local bank – products that are difficult to live without including mortgages. We have covered this in more detail in another post found here on our blog.
The wide range of contract options and handsets available
Now one would think that as guaranteed mobile phone contracts are the only way that someone with a bad credit rating can get their hands on a mobile phone on a contract basis, that their choices would be limited.
This is far from the case! There are a range of contract options available when it comes to bad credit mobile phones including sim-only contracts. But it is the sheer range of handsets on offer that continues to amaze us. Apple iPhone 7 – check. Samsung Galaxy S7 – check. A range of budget smartphones – check. Refurbished older model smartphones – check. Entry level phones for those who just want to call and text – check! Guaranteed mobile phone contract certainly offer so many options, you are sure to find a handset that you not only like but that fits your pocket as well.
We are sure you will agree, a taking out a guaranteed mobile phone contract certainly has many advantages.