Are no credit check mobile phones for people with a poor credit rating only?
The fallacious belief among most UK citizens is that no credit check mobile phones are entirely designed for individuals with a less than average credit score. This belief is informed by the fact that the bulk of individuals that apply for no credit check mobile phones are those that have a less than stellar credit score or those who have a history of CCJs. While this may largely be the case, the blank belief that no credit check mobile phones are entirely for people with bad credit is farfetched and fallacious in every aspect.
It is true that these types of mobile phone contracts initially specifically targeted those with a poor credit rating. However, over the years, we have come to ascertain that indeed no credit check mobile phones serve a number of purposes and different classes of individuals apart from those with a poor credit rating. As such, in order to answer the question as to whether they are entirely meant for individuals with a less than stellar credit score, it’s imperative that we shed light on the following.
Individuals with no credit score history can apply
Don’t be fooled. Getting approved for a phone contract when you have no credit score is just as difficult. The thinking behind this is very simple. Simply put, mobile phone providers find it difficult approving you for a phone contract if they can’t have access to your history of how you’ve been handling finances. They therefore have no way of ascertaining whether you are financially responsible or not.
As such, getting approved for an ordinary or standard phone contract becomes a tall order, an exercise in futility. Thanks to no credit check mobile phones, such individuals can be given chance to start building there credit score from scratch provided that they do not default on monthly repayments. As such, it’s correct to say that no credit check mobile phones are also designed for those with no prior credit history.
No credit check mobile phones are also for those seeking to repair their credit report
Is your credit score in tatters and your attempts to get approved for a phone contract hit a brick wall? Do you have a desire to repair your credit report and gradually improve your credit score? If that’s the case, then applying for a no credit check mobile phone is your only way of redeeming your poor credit rating. Why is this the case? Well, no credit checks do not discriminate you based on how poor your credit score is hence the perfect plan to improve or repairing your credit report.
Given the fact that no credit checks are done, you can easily get approved. The onus is then on you to ensure that you meet your monthly obligations without fail. Over time, your credit score will gradually improve and one day you might get to a satisfactory credit score that will put you at a better position to enjoy the perks that people with a good credit score do when they apply for a phone contract!