T-Mobile has made a new announcement that on March 13, they have scheduled the launch of a new Deposit Product that will give customers who do not qualify for a classic postpaid rate plan, an improved and less complicated experience than the old FlexPay plan ever provided.
The novelty that the Deposit plan brings lies with the fact that, although it is similar to a regular postpaid arrangement, customers will have to make a deposit of 50, 100, 200 or 400 dollars, depending on the credit plan they choose. Those customers will receive the same benefits as postpaid customers and they have the possibility to request the refunding of the deposit after 12 months of good standing.
T-Mobile has decided to implement this program as a result of the numerous bad debts it has gathered from customers who were unable to pay for their phone bills. Mobile services providers do not see bad debtors well. As they have so many customers, it is hard to keep an eye on them and make sure they pay in time so the companies enter in the contract clauses that will have the client legally obliged to pay the bill in time, or face penalties or even contract termination.
So if you miss a payment, the company will just deduct the sum that you missed from your deposit. This does not mean that you can miss every payment only because you have the deposit. You will still be blacklisted as a bad debtor if you regularly miss your payments.
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Tags: the flexpay option, bring deposits back, new deposit product, classic postpaid rate plan, the old flexpay plan