How To Get Approved For A Mobile Phone With Bad Credit

How To Get Approved For A Mobile Phone With Bad Credit

Have you been wanting to purchase new mobiles for your business but are worried about your bad credit? Did you know that 3 in 10 businesses are turned down because they are either too new to have built up a credit score or because they have not made payments to suppliers on time so have had a negative impact on their credit score. Don’t let bad credit hold you back!

What Is Considered Bad Credit

Generally, if your credit score is below 600 then you are considered to have bad credit. Mobile phone providers will stick to this general guide when reviewing your score for a contract.

So if you fall into the category of having bad credit then you might be wondering what this means for your chances of getting new business mobiles. Is getting a mobile plan impossible? Of course not!

Here is how you can get approved for mobiles even if you have bad credit.

3 Ways To Get Approved For Mobiles Even With Bad Credit:

1) Buy PrePay Phones

The easiest way to get business mobiles with bad credit is by opting for prepaid mobiles. This means you have to pay your monthly fee in advance prior to using your data and minutes. As you are paying in advance this means you do not need to pass any credit checks. So even if your score is quite unsightly you will still be eligible for prepaid mobiles.

By opting for prepay phones not only will you not have to worry about passing the credit score, but you also do not have to worry about a contract. These are super flexible and guarantee you get the mobile you wanted.

There are a few downsides when choosing this method. Firstly this can lead to expensive line rental and data. There is also the fact that this will not appear on your credit record. So will not benefit in building a new healthy credit score. However, it is the best way to get the business mobiles you want and need without your bad credit getting in the way.

2) Sim Only Contract With Handset Fund

The best way to get the contracts you desire is through a sim-only contract accompanied by a handset fund. This way you can start to build up your score in order to avoid future stress. This is a great option if you are short on funds as it is cheaper than opting for prepay. Your contracts will be subsidised as part of phone purchase and the even better news is that the mark you need to hit in order to pass the checks is really low. This way you can use the handset fund to purchase a new handset at any point during the contract.

That sounds like the perfect solution right! However, there is one downside to opting for this method. You will either need to bring your own handset or purchase a handset outright for this method. But let’s be honest, who doesn’t already have a mobile phone that they could at least use in the meantime.

3) High End Mobile

The final option for purchasing a business mobile with a poor score is to buy a contract with a high-end mobile. This will also help to build up your credit score for your business and is significantly cheaper than the prepay method above. This contract will also subsidise part of the phone purchase, making your life a whole lot easier.

The main disadvantage of this option is that you may be declined or asked to pay a deposit on each handset you wish to purchase. So if your score is bad, but not awful, this could be the option for you!

Does Sim Only Aid Credit?

Yes! A sim-only deal involves a credit agreement. This means that as you keep up with your sim-only payments you are able to build up your rating.

Why Do I Need Good Credit?

A good credit score is essential for a number of reasons:

  • Easier to qualify for loans
  • Receive better terms from suppliers
  • Get access to cash which is essential for expansion

The list goes on! If you want to read more on why it is important then click HERE.

Why Sim Only Is The Best Option

So if you want your business to succeed then you need to get on top of improving your score. The best way to do this is through SIM ONLY contracts! Not only is it easy to be approved for, but it also helps to build up your score. From the table below you can see it is a clear winner:

Sim Only Deals

At Businessmobiles.com we have a range of deals for everyone… even those with bad credit. If you are concerned about how poor credit could be affecting your chances of purchasing business mobiles then talk to us today! Our friendly experts are happy to guide you through the process to find a solution that works for you. Click HERE to see our sim-only deals and HERE to talk to us!

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Have you been wanting to purchase new mobiles for your business but are worried about your bad credit? Did you know that 3 in 10 businesses are turned down because they are either too new to have built up a credit score or because they have not made payments to suppliers on time so have had a negative impact on their credit score. Don’t let bad credit hold you back!

What Is Considered Bad Credit

Generally, if your credit score is below 600 then you are considered to have bad credit. Mobile phone providers will stick to this general guide when reviewing your score for a contract.

So if you fall into the category of having bad credit then you might be wondering what this means for your chances of getting new business mobiles. Is getting a mobile plan impossible? Of course not!

Here is how you can get approved for mobiles even if you have bad credit.

3 Ways To Get Approved For Mobiles Even With Bad Credit:

1) Buy PrePay Phones

The easiest way to get business mobiles with bad credit is by opting for prepaid mobiles. This means you have to pay your monthly fee in advance prior to using your data and minutes. As you are paying in advance this means you do not need to pass any credit checks. So even if your score is quite unsightly you will still be eligible for prepaid mobiles.

By opting for prepay phones not only will you not have to worry about passing the credit score, but you also do not have to worry about a contract. These are super flexible and guarantee you get the mobile you wanted.

There are a few downsides when choosing this method. Firstly this can lead to expensive line rental and data. There is also the fact that this will not appear on your credit record. So will not benefit in building a new healthy credit score. However, it is the best way to get the business mobiles you want and need without your bad credit getting in the way.

2) Sim Only Contract With Handset Fund

The best way to get the contracts you desire is through a sim-only contract accompanied by a handset fund. This way you can start to build up your score in order to avoid future stress. This is a great option if you are short on funds as it is cheaper than opting for prepay. Your contracts will be subsidised as part of phone purchase and the even better news is that the mark you need to hit in order to pass the checks is really low. This way you can use the handset fund to purchase a new handset at any point during the contract.

That sounds like the perfect solution right! However, there is one downside to opting for this method. You will either need to bring your own handset or purchase a handset outright for this method. But let’s be honest, who doesn’t already have a mobile phone that they could at least use in the meantime.

3) High End Mobile

The final option for purchasing a business mobile with a poor score is to buy a contract with a high-end mobile. This will also help to build up your credit score for your business and is significantly cheaper than the prepay method above. This contract will also subsidise part of the phone purchase, making your life a whole lot easier.

The main disadvantage of this option is that you may be declined or asked to pay a deposit on each handset you wish to purchase. So if your score is bad, but not awful, this could be the option for you!

Does Sim Only Aid Credit?

Yes! A sim-only deal involves a credit agreement. This means that as you keep up with your sim-only payments you are able to build up your rating.

Why Do I Need Good Credit?

A good credit score is essential for a number of reasons:

  • Easier to qualify for loans
  • Receive better terms from suppliers
  • Get access to cash which is essential for expansion

The list goes on! If you want to read more on why it is important then click HERE.

Why Sim Only Is The Best Option

So if you want your business to succeed then you need to get on top of improving your score. The best way to do this is through SIM ONLY contracts! Not only is it easy to be approved for, but it also helps to build up your score. From the table below you can see it is a clear winner:

Sim Only Deals

At Businessmobiles.com we have a range of deals for everyone… even those with bad credit. If you are concerned about how poor credit could be affecting your chances of purchasing business mobiles then talk to us today! Our friendly experts are happy to guide you through the process to find a solution that works for you. Click HERE to see our sim-only deals and HERE to talk to us!

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