Can I sign up for a contract, cancel it and keep my phone?

Question

I've heard this 'loophole' works at major wireless retailers since they dont have time to go running after people who don't return their phones after cancelling within the trial period. Anyone try this?

Answer 1

if the phn was ordered thru sprint then u have a 30 day return policy. if you try to cxl w/in 30 days and don't return the device then we will charge u the $200 etf and also the full cost of the phn.
also, in order to cxl w/ sprint u have to go thru th retention dept. if u tell us ur not returning the phn then we bill it to ur acct rigt then. usually it takes about 60 days to track an unreturned device. if u choose not to pay ur bill then we will send u to collections and possibly a w/o. i wouldn't keep the phn if i were u. u just got 2 perspectives from sprint nextel and verizon.

Answer 2

I am quite sure if you try this, you will be socked with a huge cancellation fee. This is the reason that the wireless providers do a credit check first when you sign the contract. If you manage to cancel your credit card or otherwise shirk payment, you could take a nasty hit to your credit rating. Not a great move if you ever plan on getting a home or car loan in the future.

Question is, how much is a new phone really worth to you? You might wanna look into prepaid as there is no contract but you basically pay for the phone up-front, often for much less than the contract cancellation fee on a postpaid plan.

Answer 3

It depends on the provider. IF you get a phone from Verizon wireless and you cancel w/ in the first 15 days, you are let out of your contract (its part of the Worry Free Guarantee) but if you don't return the phone, you will get a bill for the cost of the phone w/in 2 billing cycles. I am not sure about other providers, and I don't know how long ago Jay worked for VZW, but he is wrong.

If you don't return the phone, you will be billed for it and if you don't pay the bill, it will go to collections, on your credit report, etc. so in the long run its not really worth it.

Answer 4

The contract that you sign usually has a clause pertaining to the cancellation of the contract and usually has stipulations concerning penalties and the cost of the phone.
Somewhere in the fine print you will probably find that a charge of several hundred dollars is applied to cover the cost of the phone in case of cancellation. This sum can be sought via collection agencies, etc, just like a cash debt.

Answer 5

I used to work at Verizon Wireless, so what you're hearing is right. Cell phone companies don't make their money off of their phones anyway, so it's not like their in a huge rush to get it back. Yeah, most of them won't honor your trial period if you don't send it back to them, but technically it can be done. My suggestion would be to do it, then wait a week or so for them to get you cleared out of the system, and activate that phone on another network.

Answer 6

iPhones do no longer cost £60, they cost quite a few hundred pounds. the telephone community / save will recoup that funds from the cost of your settlement this is why you have been able to get the telephone so much low priced. in case you do no longer pay for the settlement up till its minimum era (3 hundred and sixty 5 days, 24 months etc) then you definately have not rather caught on your edge of the deal. This telephone became in effortless terms presented to you for as much low priced as £60 because of the fact you have been getting into right into a settlement (or have been meant to). in any different case, and not utilising a settlement, it would cost you in the area of £500, and that's what that's costing the save in case you preserve the telephone. It became their fault for no longer setting up your settlement actual, yet you may not shop this telephone whilst in effortless terms paying the upfront cost (£60). the two get them to offer you your £60 back and return the telephone, or get them to set the settlement up actual.

Answer 7

if you do that, you are gonna be paying a large cancelation fee.

since you need a credit card, or bank account to get a account,
they don't have to run around finding you, they allready have you.

it is you who will be running trying to get the money back, but since you agreed to it, you are out of luck.


best way to get a phone is used on ebay, or something like that.

Answer 8

What you suggest is stealing, unethical, dishonest etc.

You have just shown yourself to be an untrustworthy and dishonest person to literally thousands of people. A person of no principles, no morals, no ethics.