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E-Mail DigestMany of you have experienced dissatisfaction with you cell phone carrier, and in many cases tried to change only to realize that you have to pay termination fees on your plan. The main catch is when you try to add a feature, change a cell phone or made a general change to your plan, these events often carry a renewal of the minimum contract period which can extend one, two years or sometimes event longer contracts.
Some of these fees can rise up to $175 making it very difficult at times to change providers.
Now, clearly we all can take a step back and even make some sense about the fact that carriers are providing a business and technically have a right to some -reasonable- minimum length of contract so that they can perform the business planning required to better their network and service levels. With that said, $175 can be quite excessive.
Some providers such a Verizon
(Etilities Forum) prorate their fee. For example, for every month you are under their plan, the termination fee is reduced by $5. Other providers such as AT&T
(Etilities Forum), Sprint
(Etilities Forum) do not (Though AT&T has announced that they might).
There has been many complaints from lawmakers about the fees and specifically the inconsistency about those fees from carrier to carrier and state to state. Recently, the FCC has been working with Verizon, AT&T, and other key carriers to reach these compromises. As we hear what is made of these changes, we will certainly post them here.
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