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Credit reporting and collections. There's a reason carriers pull credit reports for post paid accounts and 'free' phone promos right? Although, personally, I
by toast0 2y ago
Credit reporting and collections.
There's a reason carriers pull credit reports for post paid accounts and 'free' phone promos right?
Although, personally, I prefer to be on the prepaid side of the carrier. I'm not getting a promotional phone, and I'm not paying for it in my monthly rate, so if my phone works for more than two years, I'm saving money. And I don't really need to use secret handshake financing... I'd rather pay $17/month for my plan and pay for a phone when I need it.
That said, T-Mobile tried being the 'uncarrier' and charging fairer prices for service and financing phones directly, and it must not have worked as well as carrier norms because they reverted to secret handshake financing.
- smallnamespace 2y ago> Credit reporting and collections. This has a loss rate of around 70-80% across the collections industry, which is an extremely strong disincentive to go this route since it's just highly inefficient. The high cost of the collections process is a deadweight loss upon all society.
- scarface_74 2y agoThere is no credit check with T-Mobile. In fact, even if you have bad credit, and you have had service with them for a year, you can get a phone on contract. T-Mobile still finances phones directly and equipment payment plans are clearly separated out from service charges
- deleted 2y ago[deleted]
- hansvm 2y agoA year ago they ran a credit check even just for home internet, anecdata of 1.