Verizon's Fee Increase Allows You To Break Your Contract & No Early Termination Fee

[samiusmc]

New Fee Increase May Allow You To Break Your Verizon Contract With No Early Termination Fee

Chances are if you’re on Verizon, you’re there for a reason. Because time and time again they have proven to have some of the best coverage and fastest 4G in the country. But what if you’re still not a happy customer? Well, it has come to our attention that Verizon has increased the “regulatory fee” they currently charge customers. How much you ask? Only a poultry 3 cents but according to The Consumerist, whether it’s $50 or 3 cents, that is enough for you to get out of your Verizon contract early and not have to pay that nasty Early Termination Fee. If you want to get into some more legal talk this change to your contract is known as a “material adverse change of contract” and according to standard contract law, could render the contract void if you don’t agree with these changes.

Now, despite the name official sounding name, a “regulatory fee” is not something charged by our government and is just another fee Verizon assesses. When talking with a Verizon rep, they may try to talk you out of it, give you the runaround but don’t be afraid to escalate to a supervisor or hang up and try someone else.

Keep in mind you only have 60 days from July 1st to make the cancellation and after that it will be assumed you have accepted any changes to your contract. To quote Verizon’s customer agreement,

Can Verizon Wireless Change This Agreement or My Service?We may change prices or any other term of your Service or this agreement at any time,but we’ll provide notice first, including written notice if you have Postpay Service. If you use your Service after the change takes effect, that means you’re accepting the change. If you’re a Postpay customer and a change to your Plan or this agreement has a material adverse effect on you, you can cancel the line of Service that has been affected within 60 days of receiving the notice with no early termination fee.

So if for some reason you have been unhappy with Verizon (blazing fast 4G LTE speeds caused your phone to melt?) or perhaps you had your eyes set on the numerous new phone’s that have launched on rival carriers, now might be your time to try something new.

New Fee Increase May Allow You To Break Your Verizon Contract With No Early Termination Fee

[Exayex]

Interesting. Thanks for this bit of information. My parents have been wanting to move to a cheaper carrier as well as cancel my ex's and sister's line. This might be the opportunity they've been looking for.

Sent from my ADR6350 using DroidForums

[bishoy]

what would happen if i did this just so i can be out of contract? would i be technically be forced to switch carriers or can i just sign another contract next month with vzw? i just desperately need a new phone thats all.

[Snow02]

what would happen if i did this just so i can be out of contract? would i be technically be forced to switch carriers or can i just sign another contract next month with vzw? i just desperately need a new phone thats all.

If you sign back up after july 7th you'll have tiered data.

[droidXpert]

what would happen if i did this just so i can be out of contract? would i be technically be forced to switch carriers or can i just sign another contract next month with vzw? i just desperately need a new phone thats all.

If you sign back up after july 7th you'll have tiered data.

That's not a problem for many of us. Eventually, grandfathered people will lose unlimited data. Nothing that's grandfathered stays forever.

[bishoy]

so signing back up wont be a problem? even though i terminated my contract?

[Snow02]

what would happen if i did this just so i can be out of contract? would i be technically be forced to switch carriers or can i just sign another contract next month with vzw? i just desperately need a new phone thats all.

If you sign back up after july 7th you'll have tiered data.

That's not a problem for many of us. Eventually, grandfathered people will lose unlimited data. Nothing that's grandfathered stays forever.

And eventually you'll die too. That doesn't mean you're going to go buy a casket tomorrow.

[Snow02]

so signing back up wont be a problem? even though i terminated my contract?

No. They'll gladly lock you back in. But check with a rep about any kind of exclusionary period.

[Beka27]

I've heard the "90-day waiting period" floating around... So you'd be out of a phone for 90 days? Why don't you just purchase a used phone if you need something new so badly?

[droidXpert]

Seems like a way to get people locked into newer plans. But if this truely works then its a great way for people to switch carriers without paying teeminatin fees.