Leap Wireless and MetroPCS Announce Handset Financing Options
There are many good things about no contract carriers like Leap Wireless
and MetroPCS. The biggest benefit is that you don’t have to sign a
contract and you can cancel whenever you want. The big downside to
wireless carriers like these is that you have to pay the full purchase
price of the handset up front.
That means if you want something like the iPhone 5, you could pay as
much as $500 upfront. That can be a lot of money to come up with for
many people. Both Leap Wireless and MetroPCS have announced that they
are now offering handset financing programs. Metro PCS is working with
Progressive Finance and BillFloat. Leap Wireless is working with
Progressive Finance.
The financing services require no credit check as long as the buyer has an active checking account the finance companies can access for monthly payments. Users can finance any combination of smart phone hardware and accessories $200 and over. With this plan, users could walk in and get an iPhone 5 with the first month service for only $105 out-of-pocket. Accounts paid within 90 days get no interest charged but the buyer can take up to nine months.
The financing services require no credit check as long as the buyer has an active checking account the finance companies can access for monthly payments. Users can finance any combination of smart phone hardware and accessories $200 and over. With this plan, users could walk in and get an iPhone 5 with the first month service for only $105 out-of-pocket. Accounts paid within 90 days get no interest charged but the buyer can take up to nine months.
