Accessibility Resource Center Skip to main content
Get it fast with In-store & curbside pickup or same day delivery.
Early Termination Fee
ABeckwith4
Member
I was curious, how much is an early termination fee?
Labels (1)
Tags (2)
0 Likes
Re: Early Termination Fee
FallenRose
Member
It starts off at 175.00 and I believe every month of service it deducts $5.00.
0 Likes
Re: Early Termination Fee
ABeckwith4
Member
Actually nevermind, I live in CA, and it's illegal for them to charge me any early termination fees.
0 Likes
Re: Early Termination Fee
DarkCobra
Novice

Hello and welcome to the forum!   Well I live in California and I just gotta know under what law did you find that?   I strongly think that is not the case but you may well know something I don't!

 

I think what you are refering to are the recent suits against Sprint, AT&T and Verizon about the "structure" of the ETF's.    The courts ruled that "as structured" they were illegal.    Verizon's policy now has a pro-rated declining ETF structure where each month reduces the ETF naturally by $5 each month.

 

Also, the settlement agreement changed the structure of the ETF's so that you could pay full retail price for the phone and simply be on a regular month-to-month plan - or - you could use your own fully owned phone and be on a month-to-month plan with no ETF.

 

However, those ETF's are still fully legal if you buy the phone at the deep discounts (like New Every Two) providing Verizon offers the declining pro-rated feature . . . which they are doing in compliance with the law. 

Message Edited by DarkCobra on 05-01-2009 09:49 PM
0 Likes