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How do you increase the monthly payments towards your phone to payoff phone quicker?

TAYLANSING
Member

How do you increase the monthly payments towards your phone to payoff phone quicker?

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Re: Monthly AutoPay

tikibar1
Sr. Leader

From  Device Payment FAQs | Verizon Wireless

"Can I pay more than my scheduled monthly device payment installment?

No. The only exceptions to making additional payments are:

  • To pay off 100% of your device payment agreement balance.

  • For customers on device payment agreements prior to 5/31/15, you may make the required payment to complete your upgrade."

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Re: Monthly AutoPay

tikibar1
Sr. Leader

From  Device Payment FAQs | Verizon Wireless

"Can I pay more than my scheduled monthly device payment installment?

No. The only exceptions to making additional payments are:

  • To pay off 100% of your device payment agreement balance.

  • For customers on device payment agreements prior to 5/31/15, you may make the required payment to complete your upgrade."

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Re: Monthly AutoPay

Zelarom
Member

That is completely absurd! Verizon, why would you not want "Your" money, of which is APR free, to "You" in less time?  

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Re: Monthly AutoPay

teeshot
Novice

Because they want you to have to keep paying for your plan.  Unless you pay the phone off, you can't leave Verizon very easily.

Pay it off with one of the many "zero" credit card offers that are out there, if you have one, and then pay the CC off however much you want each month.

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