How to Build Credit History for Bad Credit Mobile Phones Approval
If you are looking for a mobile phone with a history of bad credit rating, may be due to failed repayment or the worst, bankruptcy, it can really be tricky to get approvals. This is because your mobile network provider will need your credit score to ascertain that you will be in a position to make payments as they fall due every month. The only way to achieve that is through assessment of your credit score.
Probably you have tried out to get yourself a bad credit mobile phone without success. If you have been denied somewhere, it doesn’t necessarily mean that every other network provider is going to reject your application with a bad credit rating. There are several rules that you can follow to improve your credit history and increase your chances of approval for bad credit mobile phones application.
Credit score is progressively becoming a way of life though out UK, granting people the opportunity to own properties without running into bankruptcy. The first step to making things right is by checking your credit rating via the large credit reference agencies in UK such as Callcredit or Equifax. Getting your credit report from at least three different agencies is a good idea as each covers diverse lenders. With only £2, you should be able to get your report, though you may get an introductory offer for your first report for free. Your report will explain to you why you have been refused. Watch out for minute details such as your address. A slight difference may allude to fraud and can give you a start point to rectifying the errors.
If you happen to be a victim of fraud, it can be a traumatic and expensive experience for you. That will not only be the problem, but it can also create a long lasting impression that will affect not only your application for bad credit mobile phones, but also future credit related transactions. That is because the fraud will be a stain to your credit file, and can be really tough to clean it out. The best step to take in such a situation is to alert credit agencies who will in turn mark your name as a special case and alert other creditors.
Once you have confirmed that the details on your credit report are true, or errors rectified, your next move should focus on building your credit history. You may opt for a Direct Debit and make sure that you make payments regularly. Direct Debits are automated hence give assurance to mobile network companies that you have confidence with your finances.
You may also seek specific products that are designed to help people with bad credit history. For instance, bad credit cards have high interest rates that help build up a repayment history. These cards are designed for different credit profiles, including those who are starting with credit, those who have been under credit problems, as well as for the worst conditions such as bankruptcy.
The above steps are focused towards building your credit history. Following them keenly can help you get approval for your bad credit mobile phone applications with your network providers. They will make a great impact that will not only assist you with mobile phone credit, but also credit situations such as mortgages and loans.