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E.T.F. Changes

See this thought O wow, For a customer on Verizon if you plan to bail out of your contract early under 8 months you will pay the Full amount, there use to be a Gradual scale with E.T.F but Verizon has changed this and Early Christmas Present some might say.. It tells me if ya sign a contract you'd better be fully committed.. at least past the First 8 months of your contract.

There is Light at the Tunnel sort of speak for Customers that signed before the 14 of this month if you did you'll be on the old policy, if you signed after the 14 your contract follows this new policy..

http://www.droid-life.com/2014/11/14/verizons-new-early-termination-fee-policy-makes-you-pay-a-full-etf-up-to-8-months/

Comments

Ann154

B33

For Customers needing to read the above thanks for adding. It should be were members can read the Terms right on the Forum..

On my post I met to add if you sign On or after the 14 of Nov. you'll be on the new policy which is not to bad it just reminds a customer if you buy an Advanced Device you'll pay the full E.T.F. up to you hit the 8 month then it decreases..

unknown

However I see this change in violation of Verizon's agreement with the government when they and others were forced to give those monthly reductions to the Early Termination Fees.

If after eight months the monthly reduction is increased to a level making it as it was before.

In this case the FCC may have an issue

unknown

Well if the FCC has an issue Verizon could solve that by then increasing the ETF to say $450 then still offer $10 per month reduction or even increase it to $15. It still makes it more expensive to leave early. Or Verizon can simply get rid of subsidies all together and then there won't be any ETF to worry about. Would either of these scenarios be better? If T-Mobile or Sprint is willing to pay the ETF( or re-reimburse if you want to put it that way ) what does it matter to the customers what it is? This does 3 things. A) Make it more expensive for T-Mobile and Sprint or at&t to take away a customer. Make it harder for a contract customer to leave. C) incentivize the customer to go with Edge instead of subsidy. This is like unlimited data. Verizon could just get rid of it. They rather do it through attrition. I think that causes more headaches in the long run. I think it's better to rip the band-aid off than trying to take it off bit by bit.

Tidbits

Sprint and T-Mobile (when they had ETF) they had it brackets. T-Mobile in the first year you paid $200 regardless if it was Month 1 PR Month 12. Month 13 to month 18 was $100. Sprint is the same way last I remember.

FCC approved those so they have no reason to not approve Verizon. We have to remember since the mid 90s carriers need these things approved by the FCC.

Heretic1989

So rather than to try to compete with T-Mobile, or other carriers, on cost or with better plans, they punish their own customers.

Stay classy Verizon.

Tidbits

One could say those that try and cheat the system are the ones they are after. If you are planning to stay with Verizon then how they do it doesn't matter as it doesn't affect you so exactly how are they doing against their customers?

unknown

Heretic1989 wrote:

So rather than to try to compete with T-Mobile, or other carriers, on cost or with better plans, they punish their own customers.

Stay classy Verizon.

How about T-Mobile and Sprint compete on network quality? Do you think that if a BMW isn't priced the same as a Ford Focus then BMW is ripping you off? Do you think if T-Mobile and Sprint didn't ignore 1/4 of the US population you think Verizon would feel more pressure to compete? I do. So who is REALLY at fault? And if one is intent on leaving Verizon they are no longer a customer now are they?

footballwizz692004

I am simply curious as to why it is so important to leave early. If you get a two year contract you should be ready to hold a phone for two full years. If you plan to leave early or if you prefer to upgrade without waiting, then you should go with Edge. The way I see it is if I sign a two year contract I simply plan to stay for the full two years regardless of ETFs. Another way to see it is to look at a 2 year contract as just that, a legally binding contract where no early termination clause is legally required. It is a generous offer from the holder to even allow for an early termination.

I do know that with every carrier offering Eearly Termination clauses it has became 'standard' and would look bad to customers if Verizon was the only company to not offer it. However this does not change the fact that legally any contract is not required to include an early termination clause. Even if they did they would not be required to offer a discounted or pro-rated amount to pay they could simply say if you want to cancel early not only do you have to pay full price but also an Early Termination Penalty.

Yes I know the FCC is here to protect customers against poor business choices and they can set their own rules for contracts. With them in mind I am simply happy that they offer any pro-rated amount to leave early.

The main point is if you are entering a contract with the intention of leaving early you should simply go with Edge.

B33

I've the Done that Dance for several Years way before Smartphones came out, me & mom have been on so many 1 and 2 year contracts it would be hard to count them up, but back in the day we really didn't think that much of them as long as the phone worked. we done the time of the contract or if we were early upgrade eligible we took the advantage got the new Equipment..

But now Days the way these phone evolve and change as they do with software upgrades and how long they can be software upgradeable being stuck on a 2 year contract It's kind of hard to stay with it, unless you know for sure the phone you have is going to upgraded up to 2 years and possibly past the 2, I would've of kept using my Droid Razr Maxx but because of the issues that started showing up I switch over to the new Droid Maxx but not on a contract this the First time of being a Alltel / Verizon Customer that I'm on Month to Month as for buying new phones when the time comes I'll pay the full retail keep things as it is..

footballwizz692004

I also agree with you about phones not lasting. Yes, get a case, yes don't be dumb with your phone and beat the crap out of it. But even if you treat your phone like a king, the software becomes outdated and internal errors begin occuring. It is hard to keep a phone in excellent condition for two years. When my contract is up I do not plan on getting anymore two year contracts. I plan to use Edge or simply purchase at a phone at retail. I don't much care to be help under a two year contract anyways.

Tidbits

It isn't that hard. I have devices from 2006 with a nick or two. They can work even today. In my line of work when I am out in the field it's easy to break devices. When I do get errors it isn't from the phone. Most of the time it's the app developers. Yes I still rock devices that old.

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