Cancelation fees

furumoto

I've been researching getting out of contracts and I'm a little confused. Is it true that if I cancel service before the 2 year contract is up I pay $350-$10 x # of months paid in contract?  Meaning that if I cancel one month before my contract is up I still pay $130?

tikibar1

Assuming you purchased a smartphone when you signed your contract, yes, the ETF would be $350 minus $10 for each full month of your contract term that you've completed, i.e., $350 - ($10 x 23) = $120