Verizon Wireless Easing Termination Fees
Thu Jun 29, 2006 1:40PM EDT
See Comments (8)
Good news for those considering a new cellular contract: Verizon Wireless will be prorating early cancellation fees if you decide to break your contract before it's up.
That means that if you leave Verizon with one month left on your two-year contract, you will no longer have to pay a huge $175 early termination fee but rather a mere $7.30 instead.
In theory, anyway. The new fee system will only apply to new customers (beginning in the fall) or existing customers who sign a new contract with Verizon.
The AP story also notes that if you spend $50 a month for 12 months, you'll also be eligible for a discount on an upgraded phone, rather than having to pay the full retail price for it.
Will the other major carriers follow suit? Your wagers and predictions can be placed below!
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7 Posted by lydiaeloisa657 on Thu Sep 3, 2009 7:01PM EDT Report Abuse
Currenhtly i have 8 cell phones with verizon but only 7 are in full funtion. My husband lost his phone and verizon is telling that his only option is to buy a new one at full price because his u-pgrade is not due yet. I am extremely disatisfy and currently cosidering terminating the c0ontract and pay the early term9ination fees for all of the phones. Verizon should allow customers to buy phones at promotion price as long as they are with the company longer thana year. As we all know verizon's phone cannot be use in another company and vice versa. What is being a VIP customer when the treatment really sucks????????
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8 Posted by tallredrooster on Thu Sep 3, 2009 9:55PM EDT Report Abuse
Verizon does not prorate their termination fees, as of July 10, 2007. I am trying to negotiate with verizon to have this fee removed. Jeff
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6 Posted by funinfairborn on Thu Sep 3, 2009 4:04PM EDT Report Abuse
I had the same experience as trent_duke. I wanted more minutes, was willing to pay for it and a better phone. Am 5 months out and the say too bad, sign another contract, but still pay full price for the phone AND get extended for a year. Verizon SUCKS! Never sign a contract just for the phone. Can get better plans elseware after researching them. could have save a bundle. Come November, goodbye verizon FOREVER!