Friday, November 14, 2014

T-Mobile changes its credit requirements for EIP

When T-Mobile sells a handset using its EIP, it is taking a credit risk. Let's use the Apple iPhone 6 as an example. Those who qualify will be able to take the phone home for "$0" down with 24 monthly installments of $27.08 due. Obviously, the risk is that a customer stops making the payments, leaving the carrier high and dry.



With the large number of new subscribers that T-Mobile has been adding, Wall Street is worried about the credit quality of many of these new accounts. Considering that the competition among the four major carriers is extremely fierce, there could be pressure from one ...



from PhoneArena - News http://ift.tt/1ub03I3

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