The pros and cons of acquiring a phone via contract
If you are in need of a new mobile phone, one of the most popular methods of getting one is through a mobile phone contract. This is because of the appealing options available through this method. There are obvious advantages in a phone contract. However, just as with anything else under the sun, there are also disadvantages associated with it. Before deciding to get a phone contract, it is important for you to first understand both the pros and cons.
Here’s a list of the top pros and cons you need to know;
- Free handset. One of the great benefits of phone contracts is that it comes with the option of choosing your own handset. This is beneficial for users who are always on the go especially if you don’t have the cash to buy the phone straight away.
- More choice on packages. There is flexibility on the choice of package that you prefer. For example you can subscribe for a package that offers unlimited calls with limited texts thus saving on money you would otherwise spend on the normal Pay As You Go rates.
- Cheaper rates. A phone contract offers cheaper rates than Pay As You Go users since many contract providers offer competitive rates when it comes to texts, making calls and using bundles. One is able to choose from a variety of packages that suit their lifestyle.
- Freebies. Getting a phone contract also give you a chance of acquiring free gift items such as iPods, Tvs, laptops, game consoles and iPads. Many phone contract providers will reward their most loyal clients with such gifts.
Let us now consider some disadvantages of getting a phone contract;
- Lock in period. By subscribing to a phone contract, you agree to pay a certain specific amount after an agreed period such as every week or every month. This can be daunting to some people due to the lack of freedom, and they may view the payments as a bit of a setback.
- It is important to always pay the amount due, and in time. Failure to do so may result in a bad credit rating. As described above, a phone contract requires you to commit yourself to paying a certain amount of money after an agreed period of time. Delaying in payment or defaulting will only put your credit score on the line and will result in having a poor credit rating which will make it even more time consuming and impossible when trying to acquire credit in the future. It is important to observe the terms of the contract to avoid any consequences.
- Expensive in the long run. Though it may be cheaper to obtain a new high-end phone at subsidized prices, the phone contract may result in you paying for packages that you will not even use. For example if you are a light mobile phone user, paying for a call service you hardly use simply raises your bill in the long run.