Do Not Let Bad Credit Limit Access to the Best Phone: Use These Strategies

Having bad credit in the UK is like lying on a death bed. No institution wants to be associated with you because of the high risk involved. Banks will decline your loan application while mortgage companies will trash your proposal at the earliest possible instance. This is not all; even insurance companies will fix you in a different category to lower the risk involved. However, the most significant of these limitations are those put by phone companies. They will look at the credit score report from all angles and ensure you do not get the anticipated phone.

However, all is not lost for clients with poor credit score. In this post, we look at the three most effective methods of getting the best phones with bad credit.

Use a co-signer with a good credit score

While most phone companies will not want anything to do with you because of the high risk involved, bringing a third party with a good credit score is a great idea. The phone company will give you the anticipated phone but will turn to the co-signer in case you default.

Here, you need to give the co-signee assurance of completing the payment on time. It might be crucial to demonstrate some goodwill by authorizing your bank to deduct the monthly payment and remitting to the phone company. Besides, many co-signers are also willing to keep the risks as low as possible. This means that you might have to raise some down payment before agreeing.

Buy from a no credit check company

As the focus on access to good phones shifts to personal credit, new dealers have entered the UK market and are offering no credit check mobile phones. This means that even people with very poor credit score can still access the phones of choice without getting rejected. To take the involved risk, the bad credit mobile phone companies raise the prices of various phones.

It is important to carefully review the selected bad credit mobile phone dealer, make sure to carry due diligence to establish if they are allowed to operate by law and are committed to customer value. Follow back to read what past clients have to say about the dealer’s services. If the services were good, you can buy from them and anticipate similar success. Besides, make sure to check the phones available to view here in order to ensure your preferred model is available.

Raise some down payment to reduce the risk

The main objective about accessing the best smartphone with bad credit is lowering the involved risk. Many companies insist that borrowers have to raise about 25% of the phone price to get considered. The objective is ensuring that the risky party only holds a small amount that cannot compromise a company’ operations if he defaults.

Accessing the latest smartphones with bad credit can be an uphill task for people with bad credit. However, these three methods make the companies view clients differently and give them the phones they want. Note that you should embark on a vigorous strategy to redeem the poor credit score so that future applications will not get declined. Remember that improving the credit score will work wonders because even banks, mortgage companies, and insurance firms will not turn you away.

 

 

Three Most Important Plans to Put Down After Accessing a Bad Credit Mobile Phone

When your credit score hits rock bottom, things can only get worse. At this point, you are left with nowhere to cling to as banks abandon you, insurance firms raise premiums, and mortgage companies attach hefty penalties to your plan. Even phone companies are not left behind in sidelining those with bad credit. They will decline the application for phone contracts and only offer SIM only deals or cash sales.

The good thing is that many bad credit mobile phones are now available in the entire UK. Once you demonstrate the ability and commitment to pay, the dealers will be ready to release the phone of choice. However, these phones come with special insurance that makes them more expensive compared to buying in cash. Once you secure a bad credit mobile phone, experts insist that you must embark on a vigorous plan of drawing and implement the following three plans.

A debt recovery plan

A debt recovery plan is a clearly defined strategy for tackling existing debts. One of the main reasons for the current poor credit is outstanding debts. Some have school loans, bank loans, mortgages, and even insurance related debts. A debt recovery plan is a comprehensive strategy that factors the cash available for clearing debts and appropriate prioritization. Many experts recommend that people with bad credit mobile phones start with the high-risk loans such as phone contracts and logbook loans. Once the high-interest loans are cleared, you can focus on other less risky credits until all debts are fully covered. Depending on the nature of the debts, you might consider debt consolidation so that you only handle one loan.

An emergency fund enhancement plan

Though you have several loans that must be cleared, it is prudent to have an emergency fund to cater for unforeseen dangers. If there is no cash for emergency, problems such as urgent medical cases will drive you to start looking for Payday loans that are very expensive. These will only sink you deeper into financial trouble.

To create and implement an emergency plan, it is important to set aside some monthly amount and direct it to the emergency account. This amount should be added until it reaches the equivalent of 6-12 months’ worth of your salary. To avoid rushing to the emergency fund regularly, ensure that an appropriate medical cover covers the family.

A credit score recovery plan

Perhaps credit score recovery is the most important. A credit score recovery plan is the summary of all efforts aimed at enhancing your creditworthiness. The plan should involve clearing the current debts, enhancing your credit history, and creating a good relationship with lenders. You should also focus on timely payment of all utility bills to avoid getting reported to the credit reference bureaus.

One crucial component of this plan is correcting errors in your credit score report. Often, the credit reference agencies make errors because they rely on third parties that can be late or omit crucial personal details. Ensure to correct errors on the credit report every six months until you fully get out of debt.

 

Three Dangers You Must Be Aware Of When Looking For a Bad Credit Mobile Phone

Have you been looking for a good smartphone but the bad credit score is standing on the way? The best option is looking for a bad credit mobile phone dealer. The dealers are mainly interested in clients’ ability to pay the selected phones without worrying much about the credit score. Most of the dealers make the process very easy such that clients can get the phones of choice in less than 24 hours. However, this great deal comes with some hidden dangers that you must be aware of and evade completely.

Paying too high for the phone

Because the bad credit mobile phone dealer takes all the risk, the mobile phones are priced higher compared to the conventional contracts. Here, you must be extra careful and compare the cost of getting the selected phone from a specific dealer or cash. Though it might be impossible to get a dealer offering bad credit phones at the same price as cash, you can bring it down with a significant margin. It is important to negotiate as much as you can to have the price revised downwards to enjoy higher value for money.

Risk of sinking deeper into financial trouble

One question that people going for bad credit mobile phones in the UK must keep asking themselves is how they arrived at that precarious situation. One of the main causes of the problem is outstanding debts. Now, because the previous loans have already been a great problem; will adding another credit not worsen the situation? To reduce this risk, you need to craft a workable debt clearance plan.

  • Use a strategy that focuses on clearing the small loans first to gain momentum for clearing the larger debts. Here, you target the debts with small balances while maintaining the minimum allowed payments for other credits.
  • One can also select a model that focuses on clearing the high-risk debts to reduce the amount paid in interest. In this case, you focus on debts such as logbook loans, bad credit mobile phone credit, and credit card loans.

The danger of joining the wrong carrier and tariff

When many people get a chance to pick a phone of choice from a specific bad credit mobile phone dealer, the focus is trained on the device. This leaves the dealer to pick the carrier and tariff for the client. Because most dealers are looking to make the highest possible profits, they will encourage you to get into the most expensive tariff.

To pick the right carrier, it is important to check the company’s network coverage, charges, and feedback from past clients. You should also look at the carrier’s restrictions for clients from transferring to other networks. A good carrier should not lock clients at the end of the contract with unnecessary conditions.

To know the right tariff, it is important to carefully evaluate the personal need for data, talk time, and SMS. For example, if you make calls for 20 minutes every day, the right tariff should provide about 600 minutes per month. Make sure also to evaluate other phone requirements to pick the piece with the right features for personal use.

 

 

Five Phone Properties You Must Focus On When Looking For Bad Credit Mobile Phones

Mobile phones are no longer simple communication gadgets. Some are more complicated than the desktop computers. They are special hand held computers with unique capabilities to communicate, record, store, and even carry complex diagnostics. Unlike in the past, people can now prepare projects and make presentations right from their smartphones. Though people with bad credit have to get content with what the seller has to offer as opposed to the latest phone deals, here are five most important things to look for in a bad credit mobile phone.

The phone operating system and storage

A phone is as good as the system that runs it. Most of the top phones run on Android OS, IOS, or windows. You should look for the phone operating on the latest operating system to enjoy better performance and enhanced security. Besides the good operating system, the selected phone should also have a large storage capacity to house all personal documents, photos, videos, and various apps. Though you should regularly backup all the data, a phone with a large memory is an invaluable asset to the user.

A large and quality display

In the past, having a phone with a big screen was unnecessary. However, smartphones today are used for the complicated display such as 3D videos, high definition images, and advanced applications. It is, therefore, important to ensure you go for a bad credit mobile phone with a full HD and large 4.0 to 5.0 inches screen. This will ensure that the phone is comfortable to hold, fits in the pocket, and is not too large.

The smartphone camera

The phone camera is the defining feature that no one wants to get wrong. The camera is used to capture images and make the best videos. Whether you are traveling for a holiday in the Mediterranean or Caribbean, all picturesque sceneries will be captured and stored on the phone. The camera is also used for reality vision application such as the latest Pokemon Go games. The best camera to consider should be strong, easy to draw and use. Though any smartphone with more than 10 AMP should be okay, a model with the software assisted camera will be better.

The phone design and inherent quality

The design of the selected smartphone is very important. You want a smartphone designed to deliver extra strength and durability. The focus at this point should be a high-quality body and special screen. The best to consider include a water proof design, scratch resistant screen, and lovely design. While these qualities might be available in the high-end smartphones, they are worth considering because they make the device to look stylish and valuable.

The phone battery

While all the other parameters are very important, they will become inconsequential if the phone lacks power. You need to pick a smartphone with a very strong battery that can last for more than 24 hours when used optimally. This means that you will have ample power to run the phone the whole day and recharge it in the evening. Make sure to read through the manufacturer recommendation for ensuring the battery lasts longer all the time.