I have had a cell phone with Rodgers now for maybe almost a year. It is a three year contract. One of those free phones if you sign a 3 year term with us. They have been great up until the past few months. I want out. The service sucks, and i'm not going to get into all the details. Will this hurt my credit if I buy out? Costs $200 to buy out of the contract.
2006-09-14 10:11:09 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
No, they agreed to the change so its a wash.
In fact if you could prove they violated their end of the contract you could get out for free. Contracts are two ways which means they have to keep up their end too.
I got out of one just by threatening them with a certified letter. Best five bucks I ever spent. The company I contracted with sold out and the new one did not offer the same service and told me I had to accept the substitution. They are out of luck because my contract was for that service. If they didn't want to provide it, that is on them. If it had cost me money I would have had an action against them since they bought the contract and had already agreed to provide the service. And that was what I threatened to sue for as well as the charges I paid from that point on with a one time settlement offer that they let it go. I got a check for the last bill and thanks for your business letter mailed the same day they signed for my letter. It would have cost them more to defend it in small claims court that it would be worth. They would have had to fly someone out to even show up and I would have won if they didn't show. I would have won even if they did.
2006-09-14 10:33:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If the buy our terms are part of you contract, then no, there should be no mention of it in your credit reports. It would be similar to paying off a debt before it was due.
What you have, essentially done, is pay $200 for the "free" phone. The company has made it's profit in the form of the monthly payments you have made for the service up to now.
2006-09-14 11:39:28 · answer #2 · answered by Vince M 7 · 0⤊ 0⤋
no as long as you fill the requirments of buying out the contract
2006-09-14 10:22:58 · answer #3 · answered by bella_4624_19 4 · 0⤊ 0⤋
No. You would only hurt your credit if you refused to pay for the lousy service.
2006-09-14 10:16:03 · answer #4 · answered by regerugged 7 · 0⤊ 0⤋
No, you got your butt covered.
2006-09-14 10:13:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋