Get Out Of A Cell Phone Contract News Articles
Posted: April 28, 2010
Category: Get Out Of A Cell Phone Contract News
|Cell phone contract buyouts can be complicated as well as expensive. Most who consider the option are either dissatisfied with their current cell phone service provider or can no longer afford the service.|
For those who fit into any one of these scenarios, cell phone contract buyouts may be their best option. Cell phone companies provide this as an alternative for a number of reasons. One is to recoup any losses they incur due to a free or low upfront consumer paid promotions, or either to recoup on a paid service which the company has made in advance of consumer payment. Another reason is to penalize a customer who reneges on a contract. In most cases the consumer knowing that such a penalty is included in his contract is enough to prevent cancellation of cell phone service.
Lately, there popped up a crop of alternatives to cell phone contract buyouts such as swapping your current plan for another more affordable plan. Customers who consider this as a viable alternative should keep in mind that in the end they will still be charged certain fees. These fees can vary in price depending on the company offering the swap, but can range from $15 to $100. Some of these companies will ‘eat’ the cost of your current contract knowing that they will be able to make back the difference from the consumer by means of a new, perhaps more attractive but more expensive contract. This alternative may be acceptable to some, but the consumer need consider that he is again agreeing to a new contractual agreement, which he may later regret.
Cell phone contract buyouts may seem unfair to the consumer as he is facing contract buyout charges. However the purchaser should keep in mind that without such pricey termination fees, the cell phone service providers and retailers would never be able to offer such great deals as free phones, and high minute plans at low prices.