You may be wondering- “Do Vodafone credit check for upgrades?” If you want to upgrade to a superior device, you must have a good score.
Your credit score is very important whenever you want to get into a phone contract.
All phone companies check your credit when you want to buy a new device. The difference in checks comes to play when you are upgrading and downgrading. There are many ways to evade credit checks for upgrades.
This article looks at the subject of credit scores for phone contracts.
We look at the ways Vodafone review your creditworthiness and what to do to get an upgrade.
Keep on reading to find out more.
Most people fail to understand that phone contracts are a form of credit.
If you are a member of the Vodafone EVO plan, you are simply buying the product on credit. As a result, you must be subjected to the rules of creditworthiness.
A mobile phone company like Vodafone will only trust you if you can pay for your phone. The best way to determine this is by looking at your credit score.
The thing with credit scores is that you can find your way around them. Vodafone might deny you a device because of poor credit but you may still get it.
Nonetheless, your credit score plays a crucial role in getting such devices.
Big communication companies tend to be more strict on credit than small ones.
This can explain the reason why you fail to pass your credit check with Vodafone.
A credit score that could get you a good device somewhere else could fail with big companies.
There are a few reasons why you may fail a credit check for a Vodafone upgrade.
These reasons are:
The main reason could be that your credit score is just too low. If your credit score does not meet the set standards, you won’t get the plan you want.
If you tried getting a device with Vodafone and field, check your credit score.
You have probably procured a plan from Vodafone before. If you have and they reject an upgrade application, chances are you are choosing a high-end product.
All companies that offer mobile phone contracts evaluate each product.
The product you request is gauged against your credit score. If the product you chose is too costly, your request could be declined.
Fortunately, if you try again with a low-value product you could succeed.
Different agencies look at different factors when determining your score. Credit rating systems rate applicants on a scale of 0 to 1200 or 0 to 1000.
Unfortunately, Vodafone does not offer details on the system it uses to rate your score.
If you feel that the decision by Vodafone is unfair, you may check your credit with agencies. Credit reporting agencies use several factors to classify the score.
The score is considered good or bad if the ratings are as follows.
- Equifax: Good 661 +, Bad 459 or less
- Experian: Good 625+, Bad 549 or less
- Illion: Good 500+, Bad 299 or less
If you are found to have a bad credit score, don’t expect to get a phone plan.
Ideally, you should know where your score ranges if you tried calculating before.
It is not easy to say conclusively what Vodafone Credit checks for. However, the company provides a few things they look for when providing phone plans.
According to their website, they check to see if you have taken any other products on credit.
From your credit in other companies, they check your repayment habits. There are many factors that go into play in the process.
Among the factors that Vodafone specifically checks are
- The names of any other company that has given you credit, the amount and the terms of payment.
- Any requests or information previously made by other credit providers
- The amount of credit requested previously
- Payments that you are at least 60 days overdue paying. Usually, they check for amounts greater than $150
- Any judgments made against the applicant in regard to defaulting payment of credit
- Any information about you recorded by the National Personal Insolvency Index
- Any opinion or advisory by a credit provider you have infringed against in the past
There could be other factors considered. Further, the degree to which each of these factors counts is not known.
It is only Vodafone credit check officials who can tell conclusively.
It is normal for people to be denied credit. In some instances, even people who have a good score could be denied credit.
When this happens, you have other options to consider.
For instance, if you want a good gadget on a Vodafone plan, you may get it somewhere else.
If you must get it from Vodafone, you could follow a different channel to evade a direct credit check.
Among the things you could do to get the same product include:
If what you want is a Vodafone phone contract, you could get it without dealing with Vodafone.
There are agencies that operate as resellers of Vodafone phone contracts. Their work is to find clients that are creditworthy.
The difference between reseller agencies and Vodafone is the way credit is checked.
Each of the reseller agencies has its way of checking your credit score. Chances are that you will pass their credit analysis.
You may wonder why would the reseller system be different from Vodafone. The simple answer is that they are different companies.
The agencies that operate as Vodafone phone contract resellers are independent. They do not sell Vodafone products.
The only link between Vodafone and the reseller is that the device uses the Vodafone network.
Therefore, the resellers can sell the same products even at lower prices.
The other option you have is to try to get credit from other retailers. You must not get the product from Vodafone or a Vodafone reseller.
There are many retailers who offer the same devices on credit. Most of these retailers won’t have high standards of credit like Vodafone.
Note: Vodafone could be a bit more strict on credit evaluation than other retailer companies.
If you are not satisfied with the credit evaluation you receive, you could apply again.
However, it is recommended that you check out your other credit liabilities. Chances are that loans you finished paying are yet to reflect properly.
If you feel that you deserve better, take some time to streamline your credits. Once you feel that you are in a position to apply again, give it a second shot.
Why Do Vodafone Credit Check For Upgrades?
If you are applying for an upgrade with Vodafone, you should be ready to undergo credit checks.
According to Vodafone, all new Evo plans and upgrades must go through a credit check.
If you have a contract that you want to upgrade, you must issue an official request.
The company will check to see if you are worthy of credit. If you are found not to be worthy, you can either stay on your current plan or drop it.
The simple answer to the question do Vodafone credit check for upgrades is yes.
Vodafone does credit checks for all phone contracts. Other contracts that do not involve a device do not necessarily need a credit check.
If you want to upgrade your current device from Vodafone, you have several options.
If they do not offer the product you want, just purchase it from a Vodafone reseller or another retailer.
Kevin has over five years of experience working in various Tech startups and providing Technical solutions. He has contributed to many Tech publications and websites.