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Sim only contract, why the need for a hard credit search

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mda99das
mda99das Posts: 189 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
edited 24 November 2024 at 11:11AM in Credit file & ratings
Its that time of year where you go through finding the best sim only deal. If you are just buying a sim only deal esp for a paltry £8 / month why the need for a hard credit search? Why can't they let people have the option of paying the £96 upfront and set a bar on account spending to mitigate the need for a hard credit search. seems like a total overkill. Oh and just to add insult you pay the first months contract in advance so why the need for this? Something needs to be done!!!!

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  • mda99das said:
    Its that time of year where you go through finding the best sim only deal. If you are just buying a sim only deal esp for a paltry £8 / month why the need for a hard credit search? Why can't they let people have the option of paying the £96 upfront and set a bar on account spending to mitigate the need for a hard credit search. seems like a total overkill. Oh and just to add insult you pay the first months contract in advance so why the need for this? Something needs to be done!!!!
    You are taking on a new credit facility, a hard search is perfectly reasonable, nothing needs to be done, neither does a hard search for this matter.
  • born_again
    born_again Posts: 20,303 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Simple answer take out a Pay As You Go sim.

    When entering into a financial contract to pay X a month. They have a right to check your credit worthiness.

    Clearly they see that no one would pay for a 2 year sim contract in one go. Given that they also include a annual RPI increase in your tariff.

    Why the worry about a hard search?
    Life in the slow lane
  • MEM62
    MEM62 Posts: 5,305 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Why on earth would you pay £96 upfront just to avoid a hard search for a phone sim?  Makes no sense.  
  • MEM62 said:
    Why on earth would you pay £96 upfront just to avoid a hard search for a phone sim?  Makes no sense.  
    There is an unhealthy obsession over credit reports from some people on here. Truly bizarre 
  • MEM62
    MEM62 Posts: 5,305 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    MEM62 said:
    Why on earth would you pay £96 upfront just to avoid a hard search for a phone sim?  Makes no sense.  
    There is an unhealthy obsession over credit reports from some people on here. Truly bizarre 
    It would appear so.  It is ironic that some want to avoid searches when when the whole point of having a history is so that lenders can check it.  
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