MetroPCS and Cricket start financing high-end handsets
low upfront payments on otherwise expensive smartphones. MetroPCS is also working with a company called BillFloat and the idea is to let a customer walk away with,say, an Apple iPhone 5 after putting up a small amount of money upfront and paying off the balance in monthly installments. Cricket customers can walk out of the store with an Apple iPhone 5 for just $105 upfront. After paying interest and repayment fees, the buyer will end up paying a lot more than the partly subsidized $500 that Cricket also offers the phone for, but BillFloat and Progressive don't require a credit check. The companies take their monthly payments straight from the borrower's bank account.
1. Ravail (Posts: 182; Member since: 14 Oct 2011)
To bad their networks are a good as dial up..
9. skymitch89 (Posts: 1164; Member since: 05 Nov 2010)
Too bad you are wrong. I can only speak for Cricket because I have used their 3G modem (about 3 years ago), and their 3G speeds aren't all that bad, I was averaging about 1Mbps download (which is better than what I am getting from Sprint, an average of about .5Mbps).
2. squallz506 (banned) (Posts: 1075; Member since: 19 Oct 2011)
I'm really hoping sptint will buy both of these carriers.
5. Patrik69 (Posts: 4; Member since: 14 Dec 2012)
Sprint has a 5 year contract with Cricket till 2015.
4. Topcat488 (Posts: 1180; Member since: 29 Sep 2012)
Hey, didn't the housing crisis start with trying to give cash-strapped customers loans... Whats the difference here? People should STOP trying to keep up with the Joneses... I think it's a bad idea.
6. Jyakotu (Posts: 824; Member since: 12 Dec 2008)
I don't think prepaid phones should be high end models, but mainly mid-tier.
8. cripton805 (Posts: 1117; Member since: 18 Mar 2012)
Why? They provide needed competition to keep prices low.
7. roscuthiii (Posts: 1887; Member since: 18 Jul 2010)
Is this an article on MetroPCS & Cricket or an advertisement for iPhone 5?
10. Fuego84 (Posts: 304; Member since: 13 May 2012)
I seen banners at cricket stores advertising that you can leave the store with a Samsung galaxy s3 for $49 . I'm thinking about going to inquiry about that but I'm on T-Mobile. Not sure if it's worth over paying though.