Da-Chief
06-24-2008, 08:22
http://i.dslr.net/urls/86/4786.gif (http://www.dslreports.com/shownews/TMobile-Announces-ProRated-ETF-Policy-95535)
T-Mobile is the latest carrier to announce announce this week they're adopting a pro-rated ETF system (http://news.cnet.com/8301-10784_3-9975212-7.html?part=rss&subj=news&tag=2547-1_3-0-20). Under such a system, the penalty for canceling your service early is reduced the longer you've been under contract. T-Mobile, AT&T Sprint and Verizon have all (or will soon) implemented such a system, in response to a growing number of class action lawsuits, pressure from State Attorney Generals, and pending laws.
Under T-Mobile's new system, which starts June 28, customers with one or two year contracts will see their ETF drop from $200 to $100 if they end their contract with 91 to 180 days remaining on their agreement. Users who cancel with fewer than 91 days remaining will pay a termination of fee of $50. Customers who cancel with less than 30 days can pay either $50 or their standard monthly charge -- whichever is cheaper.
However, the policy only applies to new customers, or customers who are renewing their contracts after June 28. As I noted last week (http://www.corpsman.com/shownews/95264), wireless carriers have the FCC putting on a bit of a dog and pony show concerning ETF charges. Carriers are lobbying the agency to pass federal laws that would pre-empt the often-tougher State level rules that prompted these changes (and the class action lawsuits) in the first place.
read comment(s) (http://www.dslreports.com/shownews/TMobile-Announces-ProRated-ETF-Policy-95535)
More...
T-Mobile is the latest carrier to announce announce this week they're adopting a pro-rated ETF system (http://news.cnet.com/8301-10784_3-9975212-7.html?part=rss&subj=news&tag=2547-1_3-0-20). Under such a system, the penalty for canceling your service early is reduced the longer you've been under contract. T-Mobile, AT&T Sprint and Verizon have all (or will soon) implemented such a system, in response to a growing number of class action lawsuits, pressure from State Attorney Generals, and pending laws.
Under T-Mobile's new system, which starts June 28, customers with one or two year contracts will see their ETF drop from $200 to $100 if they end their contract with 91 to 180 days remaining on their agreement. Users who cancel with fewer than 91 days remaining will pay a termination of fee of $50. Customers who cancel with less than 30 days can pay either $50 or their standard monthly charge -- whichever is cheaper.
However, the policy only applies to new customers, or customers who are renewing their contracts after June 28. As I noted last week (http://www.corpsman.com/shownews/95264), wireless carriers have the FCC putting on a bit of a dog and pony show concerning ETF charges. Carriers are lobbying the agency to pass federal laws that would pre-empt the often-tougher State level rules that prompted these changes (and the class action lawsuits) in the first place.
read comment(s) (http://www.dslreports.com/shownews/TMobile-Announces-ProRated-ETF-Policy-95535)
More...