Verizon Squeezes More From You For Early Termination!

Verizon makes it more expensive to terminate a contract early.
Verizon is making you pay more for early termination of a contract. A new major policy change that went into effect on November 14th, 2014, makes it more expensive for you to cancel service with the carrier in the first 8 months of your a 2-year contract. The new policy says that your Early Termination Fee (ETF) reductions will not kick in until after 8 months. Most carriers reduction begins in the first month. Link to the policy after the jump and here is the portion that relates to the ETF;

" If you cancel a line of Service, or if we cancel it for good cause, during its contract term, you'll have to pay an early termination fee. If your contract term results from your purchase of an advanced device on or after November 14, 2014, your early termination fee will be $350, which will decline by: $10 per month in months 8–18, $20 per month in months 19–23, and $60 in the final month of your contract term. For other contract terms entered into on or after November 14, 2014, your early termination fee will be $175, which will decline by: $5 per month in months 8–18, $10 per month in months 19–23, and $30 in the final month of your contract term. If your contract results from your purchase of an advanced device prior to November 14, 2014, your early termination fee will be $350 minus $10 for each full month of your contract term that you complete. For other contract terms entered into prior to November 14, 2014, your early termination fee will be $175 minus $5 for each full month of your contract term that you complete. Cancellations will become effective on the last day of that month's billing cycle"

Via Verizon