How to Terminate a Cell Phone Contract Without an Incurring Early Termination Fee

Terminating your cell phone contract ahead of time can result in a penalty called an "Early Termination Fee." Many carriers charge up to $175 for premature cancellation. But there are ways to cancel your service and avoid paying the high fees.

Instructions

Difficulty: Moderate

1. Call your phone company and ask if it would be OK to transfer your phone to someone else. Ask if the transfer entails any charges and have all the terms explained.
2. List an ad on Craig’s list or any Internet forum that you have a phone with a contract that you are interested in selling. You can also do it on eBay or Amazon.com.
3. List the price you are willing to sell your cell phone for. If you got this phone for free, list it for a minimal amount to cover the charges of your new cell phone service. Here is your chance profit from your old contract. Keep the price low to attract more customers
4. List your contact phone number in your ad to expedite your sale. once you have a buyer get his full name, contact number and mailing address. This information will be required by your phone company to process the transfer, which can be done over the phone. Your phone company will call the buyer to confirm any details, and it may run a credit check on him.
5. Once the transfer is complete, ship your phone along with the SIM to your buyer after he arranges payment to you.

Tips & Warnings

• Put pictures of your cell phone with your ad on the Internet.
• While your phone is in transit, you may want to temporarily block the SIM by calling your carrier.
• After the transfer, call your phone company to make sure that you don't get charged for your buyer's phone bills.
• Discontinue auto pay if you signed up for it.
• After a month, check your credit account or any bank account that you had linked to your phone account to see that no charges have been billed.

Who Can Help:

• Find Electrical Services Here. Compare Up to 4 Quotes, Free Service & No Obligation.