Like with everything else, their exist myths concerning mobile phone contracts. These fallacious beliefs have been propagated from time immemorial and the effect has been a misunderstanding of mobile phone contracts. You probably have heard a thing or two about mobile phone contracts and wondered aloud whether this was true or not. Well, today we are going to debunk myths regarding mobile phone contracts and hopefully furnish you with the facts.
Myth 1: mobile phone contracts are for those with a perfect credit score
While at some point this used to be the case, the fact is that nowadays anyone can apply and get approved of a phone contract without having to worry about their credit score. With guaranteed mobile phone contracts, bad credit mobile phones as well as no credit checks mobile phones, the argument about a perfect credit score doesn’t have any merit. All that a UK citizens needs to do is choose a mobile phone contract type of choice, apply and get approved without having sleepless nights about the status of their credit score.
Myth #2: you cannot upgrade to a better package if you have bad credit
Granted, there are a number of mobile phone providers that make it impossible for individuals with bad credit to upgrade to a better package. However, this is no longer the case as more and more providers now offer the ability to upgrade provided that a person’s account is in good standing. What this essentially means is that should a person meet their monthly obligations without fail, then there is no reason as to why they should not be upgraded to a better package.
Myth #3: penalties apply when you repay your obligation early
Well, this is one of the reasons you need to check with a given provider before applying with them. Most UK mobile phone contract providers encourage early repayment so as to avoid cases of defaults. They also do not charge penalties on early repayments. The idea therefore that all mobile phone contract providers charge a penalty for early repayment is hogwash.
Myth #4: you cannot choose a high end phone if you have bad credit
While there are some limitations when it comes to choosing for a phone when you have bad credit, the idea that you cannot be allowed to apply for a high end phone is a myth. What most provider’s state is that you need to pay a small deposit upfront if you are choosing a high end phone. This simply to ensure that they mitigate the risks on their side. If you pay the deposit, providers have no problem with approving you for the latest high end phone. In any case, the deposit amount is usually refunded at the end of the contract.
In light of the above, it is essential that you make decisions based on fa
cts and not to be misled by the various myths doing rounds. Everyone is entitled to a mobile phone contract and all you need to do is ensure that you make an informed decision.