What is a blacklisted cell phone contract? For anyone's additional knowledge, a blacklisted cell phone contract is a privilege for any blacklisted individual - persons who have accumulated a lot of debts but were unable to pay it - in order that one can own a cell phone of their choice, but at a certain price to pay. Blacklisted cell phone contract is a kind of loan, but instead of cash, cell phone is owed from the lender or telecommunication companies.
Now you may ask how cell phone contracts are alike with personal loans. Cell phone contracts have timeframe. And within that period, consumers are bound to follow the conditions attached to the signed contracts. Otherwise, consequences are at stake like early termination fees (ETFs) in which either you are asked to pay the remaining months you are suppose to consume before contract is finished or you pay certain amount prescribed by the cell phone providers. If you are delayed in paying your monthly cell phone dues, this results to penalty in the form of interest. On the other hand, personal loans are binding too between credit companies and the creditors for short period of time. However, if credit is not paid and unpaid months are accumulated, additional interest is imposed or if there is co-maker (someone who agreed to assume the payment in case the original creditor does not pay) included in the contract, co-maker is liable to pay as if he is the real creditor.
These days, because of minimal assurance and greater financial risk on the lender's part, blacklisted personal loans are already declining in availability, which is contrasted by blacklisted cell phone contracts that has lots of supplier and/or lender because of higher demand or greater number of subscription.
If you are interested in subscribing for a blacklisted cell phone contract, you can conveniently do it online. Just visit the website of your preferred telecommunication company and you shall be presented with an application form. Fill-up the application form and submit other necessary documents, which include a copy of identification card, proof of residency, proof of employment, and/or an active bank account. It is important to submit such pertinent documents in order for your application to be processed already since these documents will serve as an evaluation tool with regards to your credit standing.
Applying for blacklisted personal loan, the same process will be undergone - application form and submission of requirements, the works! Walk-in applications are also accepted in both entities.
Duration of contract is highly flexible for both types. You can choose for a pre-paid or postpaid cell phone, which differs in its load capacity. With pre-paid, you purchase a certain amount and consummation is limited to such amount, although of course you can always prefer to add or purchase another load so you can continuously enjoy the services offered. On the contrary, in postpaid, you pay your amount by the end of the month either in a fixed amount or not. But with personal loans, there is a different timeframe to choose from - it could be monthly, quarterly, or even yearly. Both deals are advantageous to someone who is not endowed with much wealth. You just have to remember that in whatever deals you engage into, it is advisable to be at your best behavior so as to avoid any problems with misconduct.
Personal loan and cell phone contracts can be paid on various duration, which highly depends on the ability of the debtor to pay the amount. Cell phone deals can be pre-paid or postpaid. With pre-paid cell phone, the consumer is going to pay for a load, which his consumption highly depends. But with a postpaid cell phone, the consumer must pay for the consumed load by the end of the month, plus the extra bill if there are any. For personal loans however, payment schedules will vary according to the agreed time - could be monthly, quarterly, among others. For both types of deal, it is most important to pay for dues on time so as to avoid further problems; thus, slowly gaining back one's reputation since consequences - past dues, compound interest, or even litigation - are quite difficult to solve when already engaged into.
In anything that we engage ourselves into, there are always the pros and cons. It is just important to weigh things before engaging in such commitments - to make sure that it is really needed. Both blacklisted cell phone contract and blacklisted personal loan are indeed such a great help.
Now you may ask how cell phone contracts are alike with personal loans. Cell phone contracts have timeframe. And within that period, consumers are bound to follow the conditions attached to the signed contracts. Otherwise, consequences are at stake like early termination fees (ETFs) in which either you are asked to pay the remaining months you are suppose to consume before contract is finished or you pay certain amount prescribed by the cell phone providers. If you are delayed in paying your monthly cell phone dues, this results to penalty in the form of interest. On the other hand, personal loans are binding too between credit companies and the creditors for short period of time. However, if credit is not paid and unpaid months are accumulated, additional interest is imposed or if there is co-maker (someone who agreed to assume the payment in case the original creditor does not pay) included in the contract, co-maker is liable to pay as if he is the real creditor.
These days, because of minimal assurance and greater financial risk on the lender's part, blacklisted personal loans are already declining in availability, which is contrasted by blacklisted cell phone contracts that has lots of supplier and/or lender because of higher demand or greater number of subscription.
If you are interested in subscribing for a blacklisted cell phone contract, you can conveniently do it online. Just visit the website of your preferred telecommunication company and you shall be presented with an application form. Fill-up the application form and submit other necessary documents, which include a copy of identification card, proof of residency, proof of employment, and/or an active bank account. It is important to submit such pertinent documents in order for your application to be processed already since these documents will serve as an evaluation tool with regards to your credit standing.
Applying for blacklisted personal loan, the same process will be undergone - application form and submission of requirements, the works! Walk-in applications are also accepted in both entities.
Duration of contract is highly flexible for both types. You can choose for a pre-paid or postpaid cell phone, which differs in its load capacity. With pre-paid, you purchase a certain amount and consummation is limited to such amount, although of course you can always prefer to add or purchase another load so you can continuously enjoy the services offered. On the contrary, in postpaid, you pay your amount by the end of the month either in a fixed amount or not. But with personal loans, there is a different timeframe to choose from - it could be monthly, quarterly, or even yearly. Both deals are advantageous to someone who is not endowed with much wealth. You just have to remember that in whatever deals you engage into, it is advisable to be at your best behavior so as to avoid any problems with misconduct.
Personal loan and cell phone contracts can be paid on various duration, which highly depends on the ability of the debtor to pay the amount. Cell phone deals can be pre-paid or postpaid. With pre-paid cell phone, the consumer is going to pay for a load, which his consumption highly depends. But with a postpaid cell phone, the consumer must pay for the consumed load by the end of the month, plus the extra bill if there are any. For personal loans however, payment schedules will vary according to the agreed time - could be monthly, quarterly, among others. For both types of deal, it is most important to pay for dues on time so as to avoid further problems; thus, slowly gaining back one's reputation since consequences - past dues, compound interest, or even litigation - are quite difficult to solve when already engaged into.
In anything that we engage ourselves into, there are always the pros and cons. It is just important to weigh things before engaging in such commitments - to make sure that it is really needed. Both blacklisted cell phone contract and blacklisted personal loan are indeed such a great help.
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Want to find out more about Cell Phone Deals, then visit Theuns Koekemoer's site on how to choose the best Cell Phone Contracts for your needs.