Benefiting from a cell phone plan becomes a problem for customers who have missed payments in the past. This implies that the person has had a history of bed credit. Some cell phone service providers demand a very large amount by way of a deposit. This deposit is paid as a security measure in case the user is unable to keep up with their payments. Therefore, credit rating of a person plays an important role as it shows the ability of the person to cater to his bills.
Prepaid and billed are the two types of plans that service providers offer to a customer. The prepaid plan refers to a plan where the amount to be used for calls is paid in advance which can be understood as something similar to a debit card, where you have an amount already in the bank and you simply withdraw it when you need it. Billed plan on the other hand, refers to a plan where the phone calls are made first and paid later at the end of the month when the service provider charges the customer for the calls.
There are credits which can be availed by people with a bad credit rating. They are called bad credit cell contracts. They are given to people who have had some issues in paying an amount owed to an organization in the past.
Most of the cell phone providers choose to provide their services to people having good credit rating but some of them cater to those with bad credit history. Such firms ask for a deposit which is higher than the one asked from a person with high credit score. This is mainly because of the risk involved. The sum is usually around $200-$400.
This may not sound like a solution to some, but for people who have little amount with them and are in need of a cell phone for business purposes will definitely benefit. Another benefit is that they can avail this on a subsidized rate. Companies who don't ask for deposit may ask for a higher penalty for not paying bills. Therefore, you can choose a prepaid or a billed plan according to what suits you the most.
Prepaid and billed are the two types of plans that service providers offer to a customer. The prepaid plan refers to a plan where the amount to be used for calls is paid in advance which can be understood as something similar to a debit card, where you have an amount already in the bank and you simply withdraw it when you need it. Billed plan on the other hand, refers to a plan where the phone calls are made first and paid later at the end of the month when the service provider charges the customer for the calls.
There are credits which can be availed by people with a bad credit rating. They are called bad credit cell contracts. They are given to people who have had some issues in paying an amount owed to an organization in the past.
Most of the cell phone providers choose to provide their services to people having good credit rating but some of them cater to those with bad credit history. Such firms ask for a deposit which is higher than the one asked from a person with high credit score. This is mainly because of the risk involved. The sum is usually around $200-$400.
This may not sound like a solution to some, but for people who have little amount with them and are in need of a cell phone for business purposes will definitely benefit. Another benefit is that they can avail this on a subsidized rate. Companies who don't ask for deposit may ask for a higher penalty for not paying bills. Therefore, you can choose a prepaid or a billed plan according to what suits you the most.
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