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.