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Bad credit mobile phones basics

Mobile phones have taken over our lives more than we like to admit. Think about it. How long do you take before glancing at your mobile phone? When was the last time you went for a date and stayed the course without glancing at your mobile phone? Mobile phones have become so integral in our lives that we virtually can’t imagine life without them. Be it in a train, a cafeteria, in a bank, or wherever you can think of, people are always tapping away on their mobile phones. What does that tell you? The answer to that is straightforward really. Mobile phones have morphed from luxurious items that they were a little over 20 years ago to integral gadgets we can’t do without. It is perhaps for this reason why being denied a phone contract is at times a bitter pill to swallow.

For the longest time, mobile providers in the UK and other parts of the world have insisted that applicants for mobile phone contracts need to have an excellent credit score. Apparently, this was some sort of defense mechanism. They opined that those with an excellent credit score posed a minimum risk, or rather they were unlikely to default on repayments. While this holds true to a larger extent, the idea of locking out people simply because they had unimpressive credit score was rather unattractive and to some extent an indictment of sorts.

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The financial turmoil of the year 2008 played a great role in the change of heart of many UK mobile phone providers. It suddenly became aware that anyone can have a poor credit rating and the reason is not what they had always thought. Firms that were strong and large came tumbling down and it had to take the intervention of the government to bail a number of them out of trouble. With that experience, mobile phone providers in the UK loosened the noose. Within no time, bad credit mobile phones became a way of life. Those in the UK who from time immemorial had been denied a phone contract on the basis of their credit rating could finally apply for the phone of their dreams.

The requirements for applying for a bad credit mobile phone contract at InstantMobile are pretty simple and straightforward. First and foremost, you need to provide us proof that you are a citizen of the united kingdom and that you are at least 18 years of age (your identity card is enough in this regard). Secondly, you need to furnish us with copies of your payslips or bank statements to ascertain that you are in employment and receive income on a regular basis. If you meet the aforementioned, you are welcome to apply for a bad credit mobile phone.

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However, unlike mainstream mobile phone contracts that place great emphasis on credit scores, bad credit mobile phones as the name imply are open and most suitable for individuals with bad credit. You don’t have to worry about credit checks when applying for them. The advantage of applying for bad credit mobile phones is that they accord you an opportunity or rather the chance to improve your credit rating for the better or build one from scratch. On the downside however, the interest rates are exorbitant and the lock-in period to the contract is longer than is the case with standard mobile phone contracts.