If you do not return the note 7, Verizon will charge you for keeping the phone and all warranties will become void. This is what I read on another post from a VZW rep and also confirmed in an online chat with a Verizon rep. I think it's time to switch companies. The only reason most of us are considering keeping this phone is because there are not any phones in verizon's lineup that compare to it. Plus we don't want to nor should we have to lose our annual upgrade option. This is horrible