How to Get Out of a Contract Without an Early Termination Fee
Canceling cell phone contracts usually comes with a stiff early termination fee that can cost $150-$200. This makes many cell phone customers continue paying their monthly cell phone bills throughout the length of the contract to avoid paying this high cost. However, there are ways to get out of your cell phone contract while still avoiding an early termination fee.
Contact your cell phone provider. If you are under financial hardship such as a job loss, explain your situation. Many times, wireless providers will work with you to lower fees or help you switch plans to avoid an early termination fee.
If your cell phone provider is unwilling to work with you, register with an online cell phone contract exchange website. These sites require a small fee (less than $20) to sell or trade your cell phone contract. This way, your contract is not canceled and you are not required to pay an early termination fee.
Talk to your friends and relatives about your cell phone contract. You may find someone who is willing to take over the phone and payments without having to actually cancel the contract and thus pay the early termination fee.