Can You Rent a Phone With Bad Credit?

vickyrathore

2 years ago

Today, no one can imagine living life without a phone. But, high-performing and feature-rich phones tend to be on the pricier side. They are not something that ordinary people can afford for themselves. Renting a cellphone is a great way for such individuals to get a high-end phone for themselves. They don’t need to pay a significant amount for it and don’t need to have a good credit score. Today, you can easily rent a phone with bad credit with prices starting from as low as $1.30 a week. Keep reading to know more about leasing cell phones with bad credit or no credit.

What Does Renting Phones With Bad Credit Mean?

It is basically a cellphone plan wherein the provider needs you to sign a contract before offering you a phone for a lesser upfront amount. It naturally means that rather than paying the total amount for your device when you purchase it, you’ll need to pay monthly bills in order to settle the price in the long run. You will need to sign up for a specific service plan in most situations. It generally extends to a period of one or two years. In certain cases, it can be even more. The lengthier this period is, the lesser monthly fees you will need to pay for your device. As a result, you can obtain a high-class and feature-rich cell phone for an affordable monthly price. There’s no need to pay a high amount at the beginning.

However, note that the cell phone you’ll rent will not be free of charge. Over the course of two years or more, you’ll pay the service plan every month and fees for the phone. When you buy a phone with a loan, you need to have a good credit score to pay less interest. If you have bad credit, you may have to pay higher amounts as interest. Hence, renting a phone is beneficial in this case. The main advantage of renting a phone when you have bad credit is that the monthly payments that you need to make will be interest-free. Additionally, in most cases, you can pay $0 at the time of signing up for these kinds of plans.

What Are the Requirements for Renting a Phone?

To rent a phone with bad credit, you must fulfil the following requirements.

You must be 18 years of age or above.
You should be either a permanent Australian resident, an Australian citizen, or possess a current travel visa with at least two years remaining.
You must have an email address and a phone number.
It is also essential to have data regarding your financial condition. It includes payments or income, credit cards, living expenses, or other finance.
You must also provide a valid ID. It can be your passport, age proof card or a driver’s licence.

Some Cellphones That You Can Rent With Low Credit

Samsung Galaxy S21 FE 5G Fan Edition – Some of its great features include a two-sided camera functionality. It enables you to shoot the event in a single take. It also has a quick processor and a powerful battery.
Samsung Galaxy S21 Ultra – It has a 6-inch Infinity-O display, an 8K video recording, and a 10MP camera.
Apple iPhone 12 64GB – It has a 6.1-inch screen size and a good 64GB of internal storage. It has 12 megapixels rear and front camera.
Realme C11 – It has a huge 5000mAh battery, a Nightscape dual camera, and a 6.5-inch mini-drop full-screen display.

These are top-notch phones, and you can get them on lease even with terrible credit. So, it does not matter if you are waiting for your credit to increase. You can enjoy the latest gadgets and keep making small weekly or monthly payments.