The problem with having a poor credit history is that the impact on you can be worse than the impact on the lenders that you have defaulted on!
For example, with mobile phones the value offered by a £45 a month pay monthly 02 iphone tariff is massive, compared with buying a much less expensive phone on pay as you go and spending £45 a month on top-ups.
Also, most of the UK mobile operators do not support some handsets very well on prepaid tariffs.
The best example is blackberry where people with a poor credit rating cannot get a pay monthly contract, and its only orange that will let you have a blackberry on pay as you go.
Some £45 a month contracts offer as many as 1200 minutes as well a effectively financing the high value of the handset.
No credit check iPhone 3gs?
The only way to get a no credit check iphone is to get it on prepay, as 02 do run credit checks and if you have a poor credit score they are likely to decline you.
You may be able to buy the iphone your self and then get a sim only deal from one of the networks where the credit scoring is very lax and most people will pass. There are the only sort of poor credit rating pay monthly contracts you can get, as the mobile network is not factoring the price of the handset for you.
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Who the **** needs to get a loan to get a bleedin mobile phone?
Have I got the wrong end of the stick ?
Gareth I think you have the wrong end of the stick. What actually happens is if you have bad credit, big providers like BT will check your bill records and payments with whichever provider you were with previously. So its actually nothing to do with getting a loan and instead everythying to do with whether a provider will actually give you a phonr contract because of a previous bad payment history.
That is rather funny that orange is the only provider that will let you have a Blackberry on a pay as you go deal. I was sure that there are several providers that offer the pay as you go deal. I think you guys should check the reliability of your information before you start writing things down.
VJ
Gareth, I think you have got the end of the stick.
Not everyone intentionally gets themselves in a position where they end up with bad credit.
Its not a question of getting a loan. It is a question of having the possibility to get a phone with a contract if you have bad credit. There is certainly a market for this type of customer (looking for a poor credit mobile phone contract )for the large mobile phone providers
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