Friday, August 14, 2009

Guaranteed Mobile Phone Contracts

With more and more people in the UK having trouble with bad credit history, many people are asking about the possibility of guaranteed mobile phone contracts. The truth is, is that they do exist and there are a number of companies online who can help you get a guaranteed acceptance mobile phone contract - no matter what your credit history.

If you are suffering from credit problems, then this may sound like the ideal solution. Guaranteed mobile phone contracts usually involve no credit checks, and as long as you are over 18 and in full time employment, then you are virtually guaranteed a contract mobile phone.

However, before you start searching for websites that offer such deals, you should be aware of some important points.

Although the offer of guaranteed acceptance contract phones may sound like the perfect solution, there are some disadvantages to these types of deals - primarily the cost.

You see, there are a whole host of companies who specialize in providing products and services to people with poor credit for items such as loans, mortgages, car finance etc. The one thing they all have in common is that they are all very expensive. Understandably, these companies charge higher fees because of the risk in providing credit to people who have bad credit.

This is exactly the same with guaranteed mobile phone contracts.

You will find:

- The calls, texts and monthly line rentals are more expensive

- You have to pay a large upfront deposit

- You are limited in the range of mobile phones to choose from

- Contracts are usually for longer periods (18 months or more)

- You are charged high interest rates

These are all important factors to bear in mind and you should not be forced into paying more than you can afford just because you have had problems in the past.

So what is the alternative to guaranteed contract mobile phones?

Mobile phone networks and companies are aware that many people in the UK have debt problems, and some are becoming much more flexible when reviewing phone applications. Some companies will still allow you to have a standard mobile phone contract (given to people with a healthy history), as long as you can pay a deposit upfront.

So before you sign up to an offer of guaranteed mobile phone contracts, make sure you have explored all the possibilities available to you first.

For a list of mobile phone companies who can provide contract phones to people with poor credit, visit Bad Credit Mobile Phones for more details.

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