How to Access Blacklisted Cellphone Contracts
Blacklisted cellphone contracts are one of the most difficult agreements to get approved by manage ISP in South Africa.
Few years ago, applying for a mobile contract was very easy, all that was required would be your payslip as proof of income and your monthly expenses.
All that was done was to compare your income against how much you spent monthly, to ensure that you can afford to pay your cell phone.
In recent years, many institutions relay on various aspects of financial securities to ensure that you can afford, you are legit and have no criminal records.
If you apply for a personal loan, bond, rent a flat or cell phone contract, background checks are done through to your credit history by means of ID number and biometric.
These measures are applied at banks, ISP's like Telkom, Vodacom, Cell C, MTN, and other institutions that are giving out contracts and personal loans.
One of the key background checks is your credit status and to ensure that your name have not being listed by the credit bureau as "blacklisted".
What is Blacklisting
Blacklisting means that your name has been flagged by the credit bureau to simply provide a red flag to other financial institutions not to borrow you money and get in any financial agreements with you.
Having these flag on your name can have bad financial implications that can result in you not being able to get into any mutual financial agreements with many providers.
Credit status is one other important aspect that you need to ensure that it is always taken care of, if you have bad credit status, you might have to look for other alternatives to apply for blacklisted cellphone contracts.
How to Apply for Blacklisted Cellphone Contracts
If you have been blacklisted, how can you access a contract for your desired world-class phone?
Not-Recommended Options
The following are alternative methods that you can do to access have to your desired phone, although not recommended.
Ask a Friend
You may ask a friend who has good credit history to apply for a cellphone contract with their profile and pay them back on installments.
However, this known method that has been used and still in use and can cause damage on the person who will be helping you.
Should you default in payment, they might not be able to pay for your debt and that can cause a huge damage to their credit profile.
Apply for Loans for Blacklisted
Although you might have been declined by the internet service providers (ISP) due to bad credit and your name being flagged by the credit bureau, you can still qualify for a personal loan.
Many people with bad credit history are not aware that, you can still apply for blacklisted and bad credit loans with some lenders.
You can find lenders in South Africa that accept those who have been declined by banks and other lenders for personal loans due to poor credit score and flag in the credit bureau.
Once you have been approved for a personal loan, you won't need to apply for a blacklisted cellphone contract.
Recommended Options
The following options are recommended options, however, may take you longer to have your high-end device on your fingers.
These are recommendations which will not only help you have the cellphone contract approval but will also allow you to be able to apply for personal loans, bond and vehicle finance.
Pay Your Bills
The first step to fixing your credit status and getting a red flag removed from your name is going back to the drawing board, checking which creditors you still owe money and deciding to pay back.
Once you have paid back all the institutions you owe money, you are well on your way to have your name cleared, which will enable you to be able to apply for a cellphone contract.
Pay in Time
It is important to pay your bills in time, many people are not aware that, even if you pay your bills, if you don't pay in time, that can damage your credit profile.
Get a Credit Card
Build up a credit profile by means of applying for credit card, once you have a credit card, ensure that you pay it in time, do not try to pay your debt off on it.
Building a good credit profile allows you to have access to all range of finance assistance that includes personal loans and mortgage.
Conclusion
If you want to be approved for a personal loan, mortgage, vehicle finance and a cellphone contract, your first step is to fix your credit profile.
Alternatively, you can use one of the following methods which are not recommended, ask a friend to take debt for your or apply for a bad credit loan.
