Viewers in the metropolitan Washington area may have seen TRAC founder and Chairman Samuel Simon on the WTTG Fox 5 evening news on Sunday, January 28. Simon recommended that consumers keep a close eye on their monthly wireless bills to catch notices of rate or fee increases. All of the major wireless carriers allow customers to opt-out of their wireless service contracts without incurring an early termination fee within 15-30 days of notification of a rate or fee increase. Another way to get out of a cell contract early is via contract trading. While customers can work with their personal contacts to try to set up such a swap, a new website called CellTradeUSA.com matches buyers and sellers of wireless contracts. While the service costs approximately $20 to use, that fee is a far cry from the $175 or more that wireless carriers charge ? per line ? for early termination of a contract. To view a video of the Fox 5 story, click here.
Source: Telecommunications Research and Action Center. http://www.trac.org