Early Termination Fee

anon(5383410)

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Nov 16, 2012
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Anyone have experience with ditching Verizon early? if so how much did you have to pay and how much time was left on your contract. I know they recently changed their policy and read they were possibly increasing the termination fee. Any help would be appreciated. I just can't justify paying this much anymore when I barely talk on the phone. At this point data is more important that minutes for me.
 

Wilderness Horseman

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May 13, 2013
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As stated in the Verizon Wireless Customer Agreement:

"If you cancel a line of Service, or if we cancel it for good cause, during its contract term, you'll have to pay an early termination fee. If your contract term results from your purchase of an advanced device on or after November 14, 2014, your early termination fee will be $350, which will decline by: $10 per month in months 8?18, $20 per month in months 19?23, and $60 in the final month of your contract term. For other contract terms entered into on or after November 14, 2014, your early termination fee will be $175, which will decline by: $5 per month in months 8?18, $10 per month in months 19?23, and $30 in the final month of your contract term. If your contract results from your purchase of an advanced device prior to November 14, 2014, your early termination fee will be $350 minus $10 for each full month of your contract term that you complete. For other contract terms entered into prior to November 14, 2014, your early termination fee will be $175 minus $5 for each full month of your contract term that you complete. "
 

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