Whenever you apply for a mobile phone contract the lender will run a credit check and this will result in what’s known in the industry as a hard enquiry. A hard enquiry can negatively impact your credit score and multiple hard enquiries aren’t a good thing as it may indicate that you are desperate for credit, or that you aren’t able to qualify for the credit.
Cancelling your mobile phone insurance is relatively straightforward and most policies will allow you to cancel anytime. To cancel you will need to speak directly with the insurer (either via email, over the phone or in writing) and ensure you have your policy number to hand.
Losing your phone can be a bit of a nightmare, but there's more at stake than just your handset and contact numbers…fortunately there are a few steps that you need to take.
Today's question comes from Jane who asks: Dear Brandon, I took out a phone contract for my ex-boyfriend as he had a bad credit rating. We have since split up and he has taken the phone but is refusing to pay the monthly bill. What are my options?
This is a bit of a tough one, but there are options… if you get a mobile on a two-year contract you’d sort of expect that your phone would be protected in some way, right? However, that’s not always true. We’re going to be honest and say that in many cases you’re going to end up buying a new phone out of your own pocket, but there are some things that you might want to try first.
Firstly, don’t panic. In today’s financial climate, you’re definitely not alone. Mobile phone bills can be a huge drain on a monthly income, and if you signed up for a contract and suddenly find yourself out of work, for example, then mobile bills aren’t exactly your priority. On the other hand, you can’t ignore the problem, so you’ve already taken a great first step by recognising the problem and asking for advice.
As smartphone technology continues to evolve, it also paves the way for an increasing amount of mobile phone scams. These scams can cost their victims anywhere in the range of just a few pounds to their whole life savings. As using these devices becomes a more integral part of our daily lives, it’s important to be aware of the different types of mobile scams and how to avoid them. Here’s a look at some of the most common mobile phone scams.
Today's question comes from DippyLUFC who asks:
I want to get a new phone on a pay monthly plan but I don’t have a debit card how can I sign up without one?