Some readers have tried out the info from yesterday about using an increased regulatory fee Verizon is charging to get out of contract without paying an early termination fee (ETF). The most successful so far was commenter doogz, who got his ETF cut in half. Here is his story:
It’s possible to break out of your Verizon Wireless contract in the next 60 days without paying an early termination fee because they’re increasing the “regulatory fee” they charge customers from $.13 to $.16. This is what is known as a “materially adverse change of contract” and by standard contract law, it renders the contract void if one of the parties doesn’t like the change.