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36 month phone loan repayments

By: seacam | 22-09-2019 09:48

It is no secret that the price of the average phone has only increased in the past few years, and sometimes by quite a lot. For those of us who use phone loans to purchase their new devices, paying back on a monthly basis, this means that the potential repayments on new devices are becoming a significant barrier to upgrading.

Especially as phones now regularly cross the £700 mark, having a further option to increasse the length of the repayment period would help manage the financial burden of these, should customers wish to pursue this as an option. This is something that Tesco Mobile does with some success, it also recognises the fact that people are now holding on to their phones for longer and longer.

I'd like to propose that Giffgaff should follow suit, offering this as an option to customers looking to get a new device and stay with the network, and to keep their loan repayments manageable.

I came up with this idea as my phone will come to the end of its contract soon, and I'll be looking to offload it and choose another. Everything that even remotely appeals on this network (which I would like to stay with) will be too big a commitment to take on, as such the option offered by Tesco Mobile (and others) seems to be a good choice for continuing.


by: mcilwraith
on: 26-09-2019 12:58

sounds ok if thats what you want but of course its not giffgaff who supply the credit

by: bertiebat
on: 23-09-2019 21:41

Personally I find it ridiculous to buy a phone that you can't reasonalbly afford and maybe that's why the max is set at 24 months (which is outside giffgaff's control anyway).

by: natasa80
on: 14-11-2019 19:10

why not 48

by: vijay42924
on: 14-11-2019 09:20

I ag

by: ta_zara
on: 11-11-2019 22:56

Good idea

by: amerj21
on: 11-11-2019 19:59

i mean if you want that then you can have that. Phones now are ridiculously expensive!

by: emmalouisep93
on: 09-11-2019 16:01

brilliant idea, good luck

by: tradertall
on: 05-11-2019 17:02

wow 36 months !

by: russ900
on: 31-10-2019 12:15

In my experience, phones don't last 36 months these days. I once had a Sony that lasted 4 years but these days they either break or the battery dies around the 2 year mark so not sure how popular this would be.

by: fanriffic
on: 29-10-2019 22:31

3 years credit = to much interest may as well get it on a contract