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T-Mobile introduces recession-busting handset installment plan

Updated Dec 19th, 2018 6:13PM EST

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Looking to grab a new T-Mobile handset, but can’t quite scrape together the requisite cash? Well, the budget-minded carrier has introduced a new payment plan that allows “qualified” new and existing customers to purchase new handsets and pay for them over the course of 4 equal installments. The process involves setting up a formal line of credit with the carrier that allows for repayment of the handset’s purchase price over the course of 4 months. There’s no word as to just what makes a customer “qualified” for the privilege of participating, but we’re guessing that good-excellent credit standing is a pretty solid requirement. The interesting part is that, unlike most layaway/installment plan options, T-Mobile’s plan doesn’t charge any additional fees or interest over the course of the 4 months. We assume that there’s some sort of fee incurred if you fail to make one or more payments, but for anyone looking to buy into a more expensive handset without the size able upfront cost, this is probably a pretty appealing new option. Hey, T-Mobile, this is one of the smartest things you’ve done in a very long, long time. Now let’s see if the other major 3 follow suit…


Josh Karp Distinguished Fellow

Josh Karp followed his love of technology since a kid through to the present day. As a Special Correspondent at BGR, and part of the first editorial team, Josh covers press conferences, trade shows and other events around the world. An expert in all things mobile, Josh has more than eighteen years of experience covering the wireless industry.


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