Living in an economy spurred on by the financial sector, we have a bunch of different loans and other products readily available to us. Inevitably, we tend to become a little negligent in how we approach our financial matters. This negligence in our financial affairs and our struggles to meet the obligations we have towards our credit arrangements has repercussions, which show on our credit report as bad credit. What this scenario has ultimately led us to is a situation where the lenders of credit have become relatively cautious in who they do business with. Since most dealings require credit transactions, normal protocol dictates a credit check, which involves running a background check on the credit history of the relevant individuals. Therefore, if you are into buying a new mobile phone contract, chances are that the provider would run a credit check on you, in order to assess your creditworthiness. This would involve having a glance at how you have done with your past loans, credit cards and other mobile phones you have had. This is where the problem lies.
So What If There Is A Credit Check?
If we go around looking at different insurance, loans, and mobile phone contract providers, we will come face to face with the fact that running credit checks is a part of a normal protocol that these providers follow. It allows them to be sure about the people they are doing business with, and at the same time, the risk associated with doing so. However, when a provider see a credit report that does not show a satisfactory credit score, the ultimate upshot is a blow to their willingness, and to be honest, it makes sense – why would you not be reluctant about doing business with people whose creditworthiness you cannot be sure of? Therefore, if your credit report is insufficient to alleviate the concerns of the provider, you can be sure of a rejection in your mailbox.
What If I Do Not Have Bad Credit?
This is an important point to note – getting a rejection is not solely based on bad credit. This means that if you are rejected, it does not necessarily mean you have bad credit. The providers need to be sure of what they are getting involved with, and this is the point behind carrying out credit checks. Henceforth, if they are unsure of what lies ahead, their reluctance is understandable. This means that having no credit history acts in the same way as bad credit history. Therefore, if you have not had any loans or mobile phone contracts in the past, there is nothing to tell whether or not you are creditworthy. While we can admit that this may not be as bad as having bad credit, many providers are interested only into considering applicants with good credit.
What Is The Solution If I Am Unable To Get Regular Mobile Phone Contracts?
While we do agree to the fact that many people may easily clear the credit check and get their hands on just the phone they want, there will still be that percentage of people who will fail to do so. To solve this problem of this part of the population, we have alternative mobile phone contracts, designed especially to aid such situations. One of these alternative contracts is the no credit check mobile phone contracts. As the name suggests, these contracts solve your predicament by taking out the problem part of the equation. This means that your financial history would not be looked at, and the approval on your application would be virtually guaranteed.
How Do These Contracts Work?
When you go about getting a regular mobile phone contract, your credit history is considered before your application is approved. In contrast, no credit check mobile phone contracts take a rather different direction. Instead of including this credit check part in their screening process, they offer you a guaranteed contract. What this means that when you are applying for these contracts, you do not need to be troubled by the fact that you have bad or no credit history. If you want a contract, all you need an application submitted and watch the rest fall in line.
Are These Contracts For Me?
The answer to this question lies in the purpose these contracts serve. The reason for their existence is to aid those plagued with the ghost of their pasts. Therefore, yes, these contracts are for you, and everyone else who has bad or no credit history. Of course, you can buy a phone outright but that is hardly ever light on the pocket and thus, if it is a contract you seek, this is the one you should opt for.
Would These Contracts Illustrate My Financial Incapacity?
Mobile phones have engraved a special place in our lives today and thus, have become instruments we simply cannot do without. Having said that, not having one is just not an option. This is why we have alternatives like these no credit check mobile phone contracts. However, if you are worried about how they will show on your record and whether or not they would act as a sign of struggle, you need not worry. The thing that should worry you is bad credit, which came as a result of your financial struggles of the past. As far as these no credit check mobile phones are concerned, as long as you are meeting the payments regularly, you should not worry one bit. In fact, these contracts could be your cornerstone into entering the good credit zone, as being punctual on these contracts would illustrate your creditworthiness.
In A Nut-Shell?
To conclude, when you have bad or no credit, virtually no one is willing to give you that chance of proving your creditworthiness. Everyone has their own businesses to run and so, you cannot blame them either. However, nonetheless you require a way out, a way to get access to a much-needed mobile phone contract, a way of showing you are much more than what your credit report shows. These no credit check mobile phone contracts offer you just that, by allowing you access to different mobile phone contracts, without bringing in between your struggles of the past. Regardless of what you have or have not done in the past or whether or not you have any financial history, these contracts open up to you and allow you an escape route. This way, they become your knight in shining armour.