Verizon doubles early terminiation fees [Archive]

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diverdown

11-04-2009, 03:38 PM

Wonder how long before other carriers follow suit....

http://tech.yahoo.com/blogs/null/154280

~S

juls1585

11-04-2009, 03:39 PM

holy crap thats crazy. less people will terminate now i guess

TarekElsakka

11-04-2009, 03:41 PM

I wonder if AT&T will do the same. That really sucks for Verizon users, especially since the company is not even worth it due to its bad signal (as I've heard).

diverdown

11-04-2009, 03:42 PM

People rant about the fees that At&t charges, but when I was with VZW I remember them charging for everything.....I thought they were much more expensive than At&t.

~S

Londonrockz568

11-04-2009, 03:47 PM

juls1585

11-04-2009, 03:49 PM

When I was with Verizon they waived my free...probably because of all the issues I had, but still. Thats insane. Now that they have Alltel who knows whats going to happen.

cliffeman

11-04-2009, 04:33 PM

I just saw the article a while ago. I won't be surprised if other follow suit. They gotta make money some how when subscribers leave.

kdarling

11-04-2009, 04:41 PM

As I just mentioned in another thread, smartphone subsidies are getting too high.

The carriers simply can't afford to keep up to a billion dollars tied up in customer loans like that... especially when a lot of users were just getting a new phone, then paying the relatively cheap ETF and selling the phone for a profit.

I'd say yes, the other carriers will follow, just as they did when Verizon introduced the monthly reduction in ETF (thank goodness for that, at least).

At this point, it's time for the feds to step in, and at least require that the ETF amount be controlled by each phone's total price and amount of subsidy.

Napoleon_PhoneApart

11-04-2009, 04:59 PM

MrEous

11-04-2009, 05:23 PM

I could see the ETF being dependent on the Fair Market Value of whatever phone you subsidized through them.

If you have an iPhone through AT&T and bought it subsidized at ~$200, then an ETF should be the full cost of the phone minus the price you originally paid. Of course, the ETF price would go down over time.

I'm one of the people that doesn't agree with being able to get an iphone under contract and then end contract a month later and sell the phone for a profit...I think this circumvention of the system costs everyone else more $$ in the end.

adnurahs

11-04-2009, 05:29 PM

People rant about the fees that At&t charges, but when I was with VZW I remember them charging for everything.....I thought they were much more expensive than At&t.

~S

I totally agree! They were expensive as heck and I get much more at AT&T using the iPhone. My bill was always different with Verizon:dft007:angry. I would get games and ringtones and the prices for these on my small ass phone was rediculous.

When I left I just left and paid the ETF for two lines and was out! It was worth it but now I feel bad for those who want to go early.

I do think other carriers will follow suit soon.

The iPhone :dft003:coolkid is killin em'! :ok:ok

kdarling

11-04-2009, 06:48 PM

I totally agree! They were expensive as heck and I get much more at AT&T using the iPhone. My bill was always different with Verizon:dft007:angry. I would get games and ringtones and the prices for these on my small ass phone was rediculous.

Good grief, you would've been better off getting a smartphone like the rest of us, and downloading apps, ringtones, themes, etc for free.

Well, except of course there's that pesky data plan fee :dft010:smiling

adnurahs

11-04-2009, 07:06 PM

Good grief, you would've been better off getting a smartphone like the rest of us, and downloading apps, ringtones, themes, etc for free.

Well, except of course there's that pesky data plan fee :dft010:smiling

LOL! I guess I would have been better off, but I'm finicky and didn't like the smartphones available. I didn't even like the blackberry because of the keyboard and crappy screen. I am so happy I waited for something better and that was the iPhone. I am so happy with my iPhone and actually happy with the AT&T service. For me, so far, AT&T's customer service has been better than Verizon's customer service.

Deathwish238

11-07-2009, 08:22 PM

I thought the original termination fee was too high as it was...double is just absurd.

I wonder if AT&T will do the same. That really sucks for Verizon users, especially since the company is not even worth it due to its bad signal (as I've heard).

Actually Verizon is known for their good signal and network while AT&T has been going down and down...

Apple Genius Bar: iPhones' 30% Call Drop Is "Normal" in New York (http://gizmodo.com/5370493/apple-genius-bar-iphones-30-call-drop-is-normal-in-new-york)
Verizon gets top marks in call quality (http://news.cnet.com/8301-17938_105-10319592-1.html)

hitnrun

11-07-2009, 09:04 PM

Verizon is doubling the termination fees, because they are hemorrhaging people who leave and go to other networks either for the iPhone, or for the Pre.

If i was on Verizon, i'd just leave now and refuse to the pay the termination fee. Whats the worst they can do? Send your name to credit collections? thats not a big deal.

Um, they can sue you in court if you refuse to pay them. Additionally, they can have your wages attached and report you to the credit bureaus where you FICO score will be damaged. Not to mention the annoying phone calls you'd received from the collector's at your work and house...then they start calling your friends and family. Then when they find you, they lay eggs in your brain...no, but the rest is true. Whether or not they push the envelope to recover the money you OWE them, is up to them.