T-Mobile Now Offers Fancy Phones on Bad Credit, But There’s a Catch
For the first time, a carrier is selling expensive phones and tablets with zero-percent interest to customers with terrible credit.
Shoppers still have to qualify by paying a year’s worth of T-Mobile bills on time. The policy is retroactive, however, so existing T-Mobile customers with a good track record can get a new iPhone or Samsung Galaxy Note 4 with nothing down and zero-interest monthly payments of $27.08 and $31.24, respectively. Previously, that offer was only available to customers with excellent credit. The latest smartphones were simply not offered to other customers, unless they paid in full or a large portion up front.
This is a big deal. As GigaOm reports, 63 percent of Americans have less than excellent credit. Making the latest smartphones available to those people seems like a win-win. T-Mobile attracts more customers, and those customers get to take advantage of the company’s generous financing.
There’s a pretty big catch worth considering, however. T-Mobile doesn’t do contracts. That means you’re free to leave at any time, without paying the $350 “early termination fee” the likes of Verizon charge. But if you decide to leave, and you owe $500 or so on an iPhone, you’ll be expected to pay. That is a de facto early termination fee. Also, smartphones are useless without data, and T-Mobile’s cheapest post-paid data plan is $45, bringing the total monthly payment to $72 for an iPhone, not including taxes and fees. One could argue that T-Mobile is suckering customers into buying phones they don’t need and can’t afford. This blogger humbly disagrees. It’s patronizing to assume poor people, even those with bad credit, can’t manage their finances. Remember, bad credit is now the norm. Everyone should have access to the same special offers. Good on T-Mobile for figuring out a way to do it without involving the credit ratings agencies, which, by the way, are completely impossible to deal with.
—Posted by Peter Z. Scheer
Related Entries
- January 21, 2015 Microsoft Is Going to Fill the World With Holograms
- January 15, 2015 You Can Now Buy the Historic Charlie Hebdo Issue on Your Phone
Source: http://www.truthdig.com/eartotheground/item/t-mobile_now_offers_fancy_phones_on_bad_credit_but_theres_a_catch_20150123/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,714,656 |
| Stories: | 8,448,379 |
Whistler Blowers, Insiders
