Prior to the unveiling of bad credit mobile phones, individuals with a less than stellar credit rating in the UK were resigned to fate. They had become used to rejections every time they sought to be considered for a mobile phone contract. So dire was the situation that some people suffered low self-esteem while for some the idea of applying for a mobile phone contract became depressing. The discrimination based on a person’s credit score was depressing to an extent that those with a less than average credit score felt as if they were second class citizens.
When bad credit mobile phones finally became a reality, there was reason for those with bad credit or a less than stellar credit score to smile. The major selling point of bad credit mobile phones and the reasons it has continued to gain immense popularity has to do with the fact that a person’s credit score is not a cause of concern. Essentially, when you apply for bad credit mobile phones, providers do not perform credit checks or rather they do not use your credit score to approve or reject your application. The result is that one can apply and get approved without having to spend sleepless nights wondering whether they would be approved or not.
The second reason bad credit mobile phones are popular has to do with the fact that it provides those with a poor credit rating the perfect platform to improve their credit score over time. When you have a poor credit score, the only way to improve it is you do not default on loan repayments or mobile phone contracts. However, standard mobile phone contract providers rarely approve those with a poor credit rating hence denying them the opportunity to prove their mettle in so far as repaying is concerned. On the other hand, bad credit mobile phones are open to everyone and if a person pays their monthly obligations promptly without fail, it is only a matter of time before they start seeing positive results on their credit report.
Thirdly, bad credit mobile phones make it possible for individuals with no prior credit history to start building their credit report from scratch. What happens is that lenders and even mobile phone contract providers are skeptical when it comes to approving those with a less than average credit score because they don’t have a way of telling whether they are financially responsible or not. Bad credit mobile phones providers on the other hand do not have a problem approving those with no prior credit history hence according them the golden opportunity to start building their credit score from scratch.
With that said, getting a contract with bad credit is no longer a herculean task as it were before bad credit mobile phones became mainstream. The fact that bad credit mobile phones do not judge a person based on their credit score is the reason this type of contract continues to be popular not only in the UK but also in other parts of the world.