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What are monthly installments and what is required?

So you don’t want to pay for an expensive smartphone all at once? Well, it sounds like a monthly installment agreement might be perfect for you!

An installment agreement is a contract between you and your service provider for the entire cost of a device over a set amount of time. You’ll be required to sign a month-to-month service agreement that you can terminate after you’ve paid off the device or met the contractual obligations.

This payment option is a perfect way to get a new smartphone device without having to shell out hundreds of dollars upfront. Simply purchase an eligible device with a varying down payment and agree to monthly installment payments for the device. You’ll be enjoying your new phone in no time!

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