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Can I borrow money to buy a house by canceling the telecom contract package?
Telecom contract package can cancel the loan to buy a house. Telecom does not belong to the bank's credit information system and has no right to modify the credit evaluation index at will. Bank credit is a bond-debt relationship that borrows money first and then pays it back. Contract machine refers to the type of mobile phone customized by communication operators and mobile phone manufacturers. Users must sign a contract with the designated operator to use the mobile phone, and most of the fees must be paid in the name of deposit and phone bill.

Characteristics of contract package

The purchase cost of contract machines is often much lower than that of non-contract machines, and it also includes telephone charges. During the contract period, the contract machine will refund the phone bill every month. Generally, the contract period is two years, and the phone bill of the contract can be discounted, so the phone bill per month is very small. Users who buy contract machines will bind their mobile phones to users, and mobile phones and mobile phone cards are bound. In addition, during the contract period, the mobile phone and the mobile phone card must be used together, otherwise the phone bill will not be refunded.