Offsale

When you signed up for your Verizon contract, you probably never thought you`d have to terminate it early. Unfortunately, life can be unpredictable, and there are a variety of reasons why you may need to end your agreement sooner than expected. Whether you`re moving to an area with poor Verizon service or simply can`t afford the monthly payments anymore, you`re likely wondering how much it will cost to terminate your Verizon contract. In this article, we`ll break down the costs you can expect to incur if you decide to cancel your Verizon agreement before its end date.

First and foremost, it`s important to note that Verizon`s cancellation fees vary depending on the type of contract you have and the length of time remaining on your agreement. In general, if you signed up for a two-year agreement, you can expect to pay an early termination fee (ETF) of $350 minus $10 for each full month you`ve already completed. So, for example, if you`ve been with Verizon for 18 months, your ETF would be $170 ($350 – ($10 x 18)).

If you signed up for a month-to-month agreement instead of a two-year contract, you won`t have to worry about an ETF. However, you may still need to pay a prorated charge for the remainder of your billing cycle. This amount will be based on your monthly rate and the number of days you had left in your billing cycle when you cancelled.

It`s worth noting that there are a few scenarios where Verizon may waive your ETF or prorated charge. For example, if you`re moving to an area where Verizon doesn`t offer service, you may be able to cancel your contract without paying any fees. Additionally, if you`re a member of the military and have been deployed, Verizon may waive your ETF.

If you`re cancelling your Verizon contract because you`re unhappy with the service, it`s worth considering other options before paying any cancellation fees. Depending on the issue you`re experiencing, you may be able to resolve it by working with Verizon`s customer support team. Alternatively, you could switch to a different Verizon plan that better meets your needs.

In conclusion, the cost of terminating your Verizon contract will depend on a variety of factors, including the type of contract you have, how far into the contract you are, and whether there are any extenuating circumstances. In general, you can expect to pay an early termination fee or a prorated charge for the remainder of your billing cycle. Before cancelling your agreement, be sure to explore all of your options and determine whether paying the fees is worth it in the long run.