What Do We Do?
Through our constant research and partnerships with UK’s top bad credit mobile providers, we can give you access to a mobile phone contract no matter how bad your credit may seem. Although many sites may claim about no credit check phone contracts, we advise you to proceed with caution while checking out those sites. Most of them are extremely expensive and any reputable company will have to perform credit checks of some sort to begin with, so we advise you to stay away from those deals.
We can never guarantee you a contract phone (no one else can, or should), but what we can do is improve your chances of getting approved because of our resources. We have established connections with the UK’s largest networks such as Three, T-Mobile, Vodafone, O2, and Virgin Mobile, among others. We have studied which kinds of deals are appropriate for people with bad credit, thus giving you the highest chances of approval. Although we never promise 100% success, we are the closest you can get to obtaining a phone with bad credit.
You can also refer to the following tips on how to better your chances of getting approved for a mobile phone contract.
Apply for Inexpensive Gadgets
The companies are taking a huge risk in providing the most expensive handsets, and this risk is even increased if the person has bad credit. What type of phone you apply for can mean the difference between success or failure of your application.
Provide a Security Deposit
Sometimes, an applicant with bad credit is required to provide a security deposit in order to limit the company’s risk, and the deposit amount may vary depending on the handset you apply for. Be prepared to secure a higher amount if there’s a particular device that you really want.
Ask the Help of a Guarantor
A guarantor is a person who will assume full responsibility of your contract in case you default on payments, and this increases your chance of getting approved because the mobile provider can go after your guarantor instead. If you have a close friend or family member with good credit who is willing to co-sign your application, it will make it easier for you to qualify.
Consider Sim Only Deals
Most companies are willing to provide sim only contracts more easily because there’s no handset included and thus limited risk on their part. If you already have the gadget that you want and only want to subscribe to a postpaid service, a sim only deal is your perfect option.
UK’s major network providers including T-Mobile, Three, Virgin Mobile, Vodafone, and O2 offer sim only plans that are catered specifically for people with bad credit. There are a number of reasons why you would want a sim only offer aside from the fact that it is easier to qualify for. A sim only contract allows you to keep your existing handset and number. Sim only contracts are more flexible, giving you the freedom to choose between three to six months contract, or even a 30-day rolling contract for you to test the service. They also have cheaper rates of mobile services compared to a standard mobile contract, and you can take advantage of even more savings by signing up under a twelve-month contract.
How to Improve Your Credit Rating?
Although you may still be able to get a phone contract even with bad credit, it pays to work on your credit now to avoid problems in your future applications. Good credit can also help you avail of cheaper deals.
You can start by checking your credit report for errors. Name misspellings and other mistakes such as missing accounts can cause a significant drop on your credit score, so having them fixed can make a huge difference.
Another simple thing you can do is to have your name on the electoral roll. While this in itself won’t increase your credit score, being registered with your current address can make it a bit easier to apply for credit.
You should also prioritize paying your bills on time. Your payment history makes up a huge portion of your credit score so being timely with your payments can help hasten credit repair.
Also make sure that you don’t let your balances exceed your credit limits. A safe margin would be to utilize only 10% to 30% of your credit limit. If possible, it would be better if you stop carrying balances and pay off all your dues.
For the meantime, you may also postpone your other applications for credit until you’ve rebuilt your credit score. Too many inquiries can hurt your score even further, so make sure only to apply when you need it, and space out your applications.
Getting a mobile contract is also a great opportunity to repair or build your credit. Not only does it give you more savings compared to pay as you go, but it can help you boost your credit score as you pay your bills timely over the duration of your contract.