I posted an article a few weeks back talking about Verizon’s plans to increase the regulatory charges for all current customers. While it was only a paltry $.03 cents, TheConsumerist was letting people know that an increase in charges (no matter how small) after someone had signed a contract was considered “material adverse” thus making the contract void and would allow for someone to skip out on said contract, without having to pay an early termination fee.
Well, today those increased charges have gone into effect and if you were waiting for this moment to get out of your contract Scott free, you may be in for a surprise. Verizon reps have already been instructed to let you know that Verizon will go ahead and give you that $.03 cents for the next 2 years basically giving you $.72 cents to stop your cryin’.
Still Verizon’s customer service agreement clearly states,
…this agreement has a material adverse effect on you, you can cancel the line of Service that has been affected within 60 days of receiving the notice with no early termination fee.
So, if you’re looking to get out of your Verizon contract it sounds like you still might have a fighting chance. Also, after 60 days from July 1st, it will be assumed you have accepted any changes to your contract and wont be able to argue your way out of a paper bag. Not to mention, if you were one of those looking to get out of your contract only to jump back in for a discounted phone, you will lose your grandfathered unlimited data plan.