Monday, October 4, 2010

Pros and Cons of Going Prepaid

The current trend in consumer preferences show that a majority of subscribers are choosing prepaid options of phones and services that come with a wireless contract. Should you also choose the prepaid route?

Well, here are the advantage and disadvantages of prepaid services. This should help one decided to choose this option or go for services with mobile phone contracts.

Prepaid Pros:
  • Cheaper. Prepaid can be less than some postpaid contract service plans depending on the consumer's usage pattern.
  • Absence of credit checks. Prepaid has historically offered the best option for consumers with less than perfect credit.
  • No wireless contract. One can cancel service at any time without a penalty. yeah, no need to worry about annoying ETF's or early termination fees.

Prepaid Cons:
  • Can be more expensive. Individual usage patterns may cost an individual more. Contract family plans can be less expensive than some prepaid deal.
  • Limited Mobile phones. prepaid handsets are getting better but the best mobile phones come with a contract
  • No subsidized price. Consumers will need to pay the full retail price for a new device that may locked to a single operator's network.

That's it for this post. Check out our blog every week for more on mobile phone contracts and related subjects

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