9 replies to this topic

[Snoogliebear]

Hey! I heard somewhere that if i wanna buy out of my cell contract, i'm on t-mobile, i have six months to pay off my buy out rate. Anyone heard of anything like this?

[kaamaru]

I don't really understand what you mean.

[Chris]

Are you talking about an ETF?

[Snoogliebear]

WTF does ETF mean? I don't feel like googling it. But do you know what i'm talking about channan chris baby

[Chris]

ETF = early termination fee

It's the fee you pay to get out of a contract. The phone you bought, carrier you're on, and how much time is left in your contract all determine how much your ETF is.

I thought you had an unlocked iPhone though. Call T-Mobile and ask how much your ETF will be.

[Snoogliebear]

Oh sorry my bad! But my ETF is $175 i heard somewhere that you have six months to actually pay off you ETF. For example, let's say i'm like 'hey tmobile, i'm leaving you, i will pay off $175 in installments over a period of six months due to a law passed saying i have the ability to do that' then i switch to Verizon or Sprint

[Chris]

Oh so you just want to pay the ETF a little bit at a time. I have no idea. Try calling them.

[Snoogliebear]

I tried calling them and they said no, they seemed uneasy about saying no too... The phone representative at my work says i have six months to buy out a little at a time... So idk thanks chrisss

[TECH]

Channan, on 06 November 2011 - 10:24 PM, said:

ETF = early termination fee

It's the fee you pay to get out of a contract. The phone you bought, carrier you're on, and how much time is left in your contract all determine how much your ETF is.

I thought you had an unlocked iPhone though. Call T-Mobile and ask how much your ETF will be.

Oh, fuck. I joined T-Mobile, got an HTC HD7, and got off the plan. I just sold the phone too. Fuck.

[Chris230291]

for me it's whats outstanding minus a third. then when i get my new phone i just carry on paying my monthly fee as normal.