Comment Re: Why so much? (Score 1) 37
They're both questionable. Additionally, the need for a credit check is questionable.
Devices that you are intended [by the providers] to replace every 18-24 months due to either fashion or wear shouldn't cost so much that you would be willing to consider financing.
Even if financing phones on a mass scale somehow makes sense, banks should offer an phone loans (similar to auto loans) that are secured against the phone and/or your account to offer a low interest rate, with no need to go through the phone company for the financing at all.