Having a good credit score/history is important if you plan on taking out loans and signing up for credit cards or services where a good credit score is necessary. However we suppose it is understandable that once in a while you are late at paying your bills which in turn kind of ruins it for you.
The good news is that if you know that you have a blemish on your credit history but want to sign up for a plan at a carrier, fret not because T-Mobile has your back. In the latest move by the carrier, they have announced a new initiative called Smartphone Equality. This is basically where T-Mobile will ignore your credit score and history and instead look at your payment habits.
It seems that as long as you have been paying your bill on time for the past 12 months, you would qualify for deals that might have otherwise depended on your credit score. According to T-Mobile, “It’s a simpler, saner way to evaluate credit − our history with you. And it’s more effective. Because the simple truth is that our relationship with that customer is actually a better predictor of future behavior than their credit history.”
This is good news for customers who have had to resort to more expensive plans or maybe go on prepaid simply because their credit score has prevented them from taking advantage of such deals. The upside here is also that T-Mobile will be able to sign themselves even more customers which they might need, considering that the carrier’s Un-carrier strategy has been found to be hard to sustain. In any case what do you guys think of T-Mobile’s latest strategy?
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