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.
A lot people are unable to pay amounts which they owe other organizations or people. They are known to have bad credit against them. Such users are not trusted by the cell phone service provider as others. But there are firms which provide their cell phone services to those with bad credit as well, although certain things in their plans are different. The first is the deposit which tends to be higher depending on how low the credit rating is. But it helps as they can get a cell phone plan after all. This tends to be the case with billing plans as opposed to prepaid plans which anyone, even those with poor credit, can pay for beforehand.
The advantage and reason why people want a billing plan is that they offer better value for money per what you pay as compared to prepaid plans. Firms who cater to people with bad credit charge from $200 to $500 as deposit. It is generally payable by people with bad credit. It solves the person's cell phone issues.
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.
A lot people are unable to pay amounts which they owe other organizations or people. They are known to have bad credit against them. Such users are not trusted by the cell phone service provider as others. But there are firms which provide their cell phone services to those with bad credit as well, although certain things in their plans are different. The first is the deposit which tends to be higher depending on how low the credit rating is. But it helps as they can get a cell phone plan after all. This tends to be the case with billing plans as opposed to prepaid plans which anyone, even those with poor credit, can pay for beforehand.
The advantage and reason why people want a billing plan is that they offer better value for money per what you pay as compared to prepaid plans. Firms who cater to people with bad credit charge from $200 to $500 as deposit. It is generally payable by people with bad credit. It solves the person's cell phone issues.
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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