Do you feel like you are paying too much for your phone service or that your plan no longer fits you? You aren’t stuck with your current provider like you might think you are. Changes to the telco industry mean that you can switch plans and save money more easily than you might expect.
Things to consider before switching
Are you locked in to a contract or can you opt out at any time? Usually contracts that lock you in do so because of the cost of the phone you still owe to the provider. You can pay the remainder of the phone and get out of your plan easily. This can be costly if you aren’t very far into the contract but is worth looking into.
Keeping your number
Many people avoid jumping ship to a competitor because they want to keep their number. Previously carrying your number from one telco to another was a huge hassle and left you uncontactable for days while the change happened.
Mobile number portability is making it easier than ever to keep the same number as you move from Provider A to Provider B. It is also important to note that it is up to the providers and not you to do all the work.
In recent years consumers have shifted from basing decisions about phone plans on talk and text credit towards data included. Review your recent usage to figure out what you need from your plan to avoid ending up paying excess fees each month that will make the cost of your phone skyrocket and leave you in debt.
Look for plans that have the credit and data limits that you require within a budget you can afford, as opposed to buying a plan that fits your budgets but not your needs.
As consumers demand increased flexibility, service providers respond by allowing people to choose how long they take to pay off their phone. This means that if you opt to pay off a phone in 6 months and want to change plans after 8 months, you won’t need to pay high fees to break the contract.
It may also work our cheaper for you in your situation to buy the phone outright and enter into a SIM-only plan. Options like these are available that may work out cheaper and better value for you. Ask your provider how you can lower costs for your phone and plan so you don’t end up in debt to them.
If you need assistance managing your debts and financial situation, contact the team at Life After Debt on 1300 237 669.