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

mda99das

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!!!!

MattMattMattUK

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

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?

MEM62

Why on earth would you pay £96 upfront just to avoid a hard search for a phone sim?  Makes no sense.  

Desmond_Hume

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

Desmond_Hume said:

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.