What phone contract types are available for those with a poor credit rating?

If you have a healthy credit history, you might not be able to fully comprehend the frustrations that those with a poor credit history go through. Chances are that you are clueless of the pains that such people go through in their attempts to get approved for a phone contract or even a loan. Be as it may, getting approved for a contract phone in the past was a tall order. It was almost impossible to be approved for a phone contract when your credit rating was less than average. However, the situation is no longer the same as there are now numerous mobile phone contracts that target individuals with a poor credit rating exclusively. Are you in the UK and wondering what kind of phone contracts you can apply for when you have a poor credit rating? If yes, worry not as we are going to look at a number of them.

Bad credit mobile phones

If you have bad credit, have a history of arrears, history of defaults as well as a history of CCJ, bad credit mobile phones are the right kind of contract to go for. As the name suggests, this contract is specifically meant for individuals with a poor credit rating. As such, if you have been refused a contract because you have a less than average credit rating, this is the type of contract you should go for. For one, it doesn’t require you to have a perfect credit score and approval is almost always guaranteed. You simply need to make your intentions known, make an application and wait for an approval.

Guaranteed mobile phone contracts

As the name implies, these types of contracts give you the guarantee of approval when applying for a phone contract. It is popular with individuals that have no prior credit history as well as those that have a poor credit history. You simply need to research and choose a provider that meets your needs as well as expectations. Just like bad credit mobile phones, guaranteed mobile phone contracts do not require that you have a stellar credit score. You do not have to worry about credit checks and you can apply with a clear mind that you will be approved. However, to fast track approval especially if you need a high end phone, it is advisable that you pay a deposit upfront.

No credit check phones

From the sound of the name, you can tell why these phones are popular with individuals whose credit score is below average. As with the above mentioned phone contracts, no credit check phones are ideal for individuals with a poor credit rating and those who are not keen on credit checks. However, you need to meet the basic requirements. The provider reserves the right to approve or reject your application if they feel as if you are more of a risk to them.

There you have it. If you have a poor credit rating, you can choose any of the above mentioned phone contract types and enjoy the perks that come with being approved for a phone contract.