Verizon Ups Termination Fee from $175 to $350

[JMcEntegart]

Verizon's early termination fee has officially been hiked up to $350 and, as of this weekend, it's live, people.

Verizon Ups Termination Fee from $175 to $350 : Read more

 

[balister]

Tom's fails at math, it would be $230 (even higher than Tom's listed) to terminate a 2 year contract at the end of 1 year (350 - 120 = 230).

 

[scook9]

that is pretty gay....

 

[scook9]

dude, they said 20 months, not 1 year

 

[igot1forya]

They had to increase fees to compete with AT&T... NOT!

 

[pbrigido]

Ouch. Pretty soon their main income won't be service contracts, but termination fees.

 

[Hilarion]

This is armed robbery even if they aren't holding a gun to your head.

 

[nekatreven]

is this retro or new contracts only?

 

[crazymech]

350 - 240 = 110
I'm guessing Tom's wrote 150 for easiness' sake.
Still, both Tom's and balister fail at math

 

[tester24]

[citation][nom]nekatreven[/nom]is this retro or new contracts only?[/citation]

It better be new contracts only because I think it states right in your contract how much they charge for early cancellation. Otherwise it would be a breach in contract on their part.

 

[pullmyfinger123]

Quote balister: "Tom's fails at math, it would be $230 (even higher than Tom's listed) to terminate a 2 year contract at the end of 1 year (350 - 120 = 230)."

It's not that Toms fails at math, it's you who failed 2nd grade reading...

 

[Manos]

[citation][nom]balister[/nom]Tom's fails at math, it would be $230 (even higher than Tom's listed) to terminate a 2 year contract at the end of 1 year (350 - 120 = 230).[/citation]


In the article says "twentieth" month of a 24 month contract. Thats 10x20=200 out of 350.. You know how much that is? Wait let me type that down too... 350- the 200 = yes yes.. 150.

Still too much if you wanna end it earlier. Sucks but oh well. No Verizon here

 

[pullmyfinger123]

[citation][nom]crazymech[/nom]350 - 240 = 110I'm guessing Tom's wrote 150 for easiness' sake. Still, both Tom's and balister fail at math[/citation]

another one who failed 2nd grade reading and third grade reasoning...WHY would someone cancel a contract at the end of 24th month? Since the contract would have been over? THINK ABOUT IT.

Toms said "if canceling the contract at the 20th month of a 2 year contract.."

 

[nforce4max]

It is cheaper to default than pay. Greedy madoff verizon I hope they go out of like lehman.

Burn baby burn!

 

[cscott_it]

Well, this isn't suprising. There has been talk about doing this for a while. I'm somewhat relieved that they are doing it only to "advanced devices" rather than all customers.

Though the overall $150 is steep for people who get their terrible $59.99 phone for free with a two year contract.

 

[Glorian]

With out arguing over misprints and other peoples math comments.

The only reason they are doing this is to prevent people from jumping ship, plain and simple.

People are leaving to get the iPhone, and these people don't care about coverage or reliability, they just want to have the iphone. Unfortunately a lot of people just want what's "cool."

I actually use at&t but I don't care for the iphone. my phone works and does what it needs to.

 

[wildwell]

I see the recession is hitting hard for everyone, including Verizon.

 

[ssalim]

"Pay as you go" for the win!

 

[jnjkele]

Well, at least it's one place where AT&T is better than verizon! My ETF is 175 at the beginning and goes down over the life of the contract. They must not have too much faith in the Droid if they're pulling this kind of crap to keep people in their contracts!

 

[balister]

[citation][nom]pullmyfinger123[/nom]Quote balister: "Tom's fails at math, it would be $230 (even higher than Tom's listed) to terminate a 2 year contract at the end of 1 year (350 - 120 = 230)."It's not that Toms fails at math, it's you who failed 2nd grade reading...[/citation]

That's because the article was edited. The original line read:
The $350 ETF will decrease by $10 for each month of service completed, which is nice until you do the math and figure out that for a customer ditching their contract in month 12 of a 24-month contract, it's still a $150 ETF.