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If You Haven’t Defaulted in the Last 12 Months Then You Are Eligible for T-Mobile US Inc (TMUS)’s Financing Option


T-Mobile

Competition was reaching its crescendo in the telecom sector. This was quite evident when telecom companies like T-Mobile US Inc (NYSE:TMUS) have started throwing up schemes to attract consumers. The latest offer to bring customers into its fold was the launch of a financing option. All that a customer needed to do was in sure that there was no default of payment in the last twelve-month period and they would qualify for T-Mobile’s latest plan.

Credit Score

As part of a new scheme ‘smartphone equality’, T-Mobile US Inc (NYSE:TMUS) was ready to finance the purchase of device for its existing customers. It was based on their history of payment to the company. This meant that credit score would be relegated or would have no valid status.

For availing financing options, the company’s customer should have made payments on time during the last 12-month period. Financing options included no-interest payment plans without any need for a down payment too. The company indicated that a customer, who has been with T-Mobile, in the last one-year period, would automatically become eligible for financing options.

T-Mobile US Inc (NYSE:TMUS) planning to put the program live on Sunday, i.e. January 25. The objective seems to be to encourage the use of more smartphone devices, which was considered a transformational technology device in the modern era.

U.S. Rank

Strangely, America was ranked 13th when it comes to the penetration of smartphone. The dozen countries ahead of the United States included Saudi Arabia, Israel, Ireland, and Australia. This is despite significant number of iPhone sales in America during the holiday season. The company believes that the initiative would cut down the barrier for millions of Americans to have a smartphone.

The telecom service provider said that the previous history of payment was the perfect way to guide if a customer would make timely future payments. T-Mobile US Inc (NYSE:TMUS)’s CEO, John Legere, said that this was the smart way of doing things and not the only right way to do. Therefore, he added that the initiative is good for customers, as well as, business.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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