Friday, September 26, 2008

Cell Phone Gouging

I wanted to send you this article about cell phone prices. I wonder how many people are not able to afford to pay their other bills because of the expense of cell phone prices. And Yet, we don't hear anything about Cell Phone Companies being charged with gouging. I hope you find this interesting.

Paying Too Much for Cell Phones
By Brad in VA Beach
My wife and I love our cell phones. We had been with this company for 4 years, and we were paying as much as $275 a month for service.
Since graduating from Financial Peace University, we have been whittling away our budget to gain more debt money. Over the previous 3 months we were making changes to our service, bringing our monthly bill to around $135. The customer service rep on the phone gave me a great idea of deleting the special "push-to-talk" feature (which we didn't use) in order to save $10 per month on each line, bringing our monthly bill within our budget amount. Excellent! Let's do it! Two days later, we received a package containing two new phones with instructions on activating them. We were all happy and life was good until the following month when the bill arrived for $532.38.
Upgrade fee: $18
Equipment: $196.46
New plan (partial month): $111.99
New plan (month in advance): $136.49
Tax: $69.44
Not reading the fine print: PRICELESS. Now my new plan is more expensive, and in order to get out of it there is a $200 (per line) early termination fee. We don't like our cell phones as much now.

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