Say Goodbye to Early Termination Fees
The early termination fee on your cell contract feels like a ball and chain, but now one carrier wants to set you free. Who will follow?
We absolutely love our cell phones, as we should. What other gadget delivers so much to so many for so little? But it has a couple of aspects we hate-early termination fees first and foremost.
This fall, Verizon Wireless will try to make its phones more lovable by prorating the $175 ETF it charges customers who leave before their two-year service agreements expire. "We believe dissatisfaction with flat early termination fees is tarnishing the entire industry," announced CEO Denny Strigl in a Verizon press release.
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