I’m sure we’ve all done stupid things when we were younger that have negatively affected our credit scores, or perhaps we’re just getting our start as an adult and have no credit score to speak of. According to T-Mobile CEO John Legere, anyone who fits that description can’t get the deals that carriers advertise and instead either pay much more or leave with nothing.
In addition, Legere also stated the following as to why they’re doing this:
Ultimately, this initiative will lower the barrier for millions more Americans to get a smartphone – the most transformational technology in our lifetime. At a time when mobile connectivity is sweeping the globe, the United States ranks a miserable 13th in the world in terms of smartphone penetration − behind a dozen countries including Australia, Ireland, Israel and Saudi Arabia among others. There are more than 100 million American adults who don’t have a smartphone according to data from Pew Research and the US Census Bureau. That’s 100 million too many.
In today’s world, the smartphone is anything but a luxury. It’s a lifeline. It’s your source of news and information, your compass and your map. It’s how you stay safe and stay connected to family and friends. It’s how you do your banking and how you find a job. In other words, it’s an absolute necessity. The smartphone has become critical to plugging in to economic opportunity and participating in the global conversation.
Starting next week, any and every T-Mobile customer who has paid their bills on time for just one year is eligible for their best prices on phones and tablets. This also includes zero down, no interest and no credit check.