Chillopedia | Do you have a cell phone contract where you pay your monthly bill at the end of your cycle? Or did you choose to go the prepaid route? Prepaid cell phone plans can offer a bit more flexibility, as they don’t require a contract and often times, there’s no credit check either. This need for a no-strings-attached type of plan has led to the increase of prepaid plans with 10% of all cell phone users choosing the prepaid option. Prepaid Wireless Phones: The History and Future Projection recaps the brief ten-year history of the prepaid industry, highlighting its major players and milestones.