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How to alter phone lease

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okay did you know that you can lease a cell phone thats right you can actually lease a cell phone instead of buying it outright and i was curious whether or not cell phone leasing is worth it so in this video im going to be talking about the different options that you have for buying a cell phone what cell phone leasing is the pros and cons of it whether or not buying a phone outright is cheaper in the bottom line of what i think [Music] hey whats up guys its justine with debt free millennials the channel to help you crush your debt and live payment free if you are new to the channel we talk about all ways to live debt free help you with your debt-free journey so scroll down and click that red subscribe button so you never miss another video from me so some of you actually didnt know what cell phone leasing was when i was talking about this inside of the debt free millennials facebook group and its something that ive had some experience with so i want to talk about this because

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Can I take a leased phone to another carrier?

You can bring your phone with you when switching carriers most of the time. For this, your phone will need to be unlocked. If you purchased an unlocked phone, then it should be ready to activate. Otherwise, youll need to contact your current provider and request that they unlock your phone.

What happens after 2 year phone contract ends?

Once your contract ends, everything remains the same. From that point on youll be billed from month to month. On the other hand, you could also purchase a new phone at the agreement pricing and renew your contract. You also have the option to buyout your contract before it ends.

Can I get out of a 2 year phone contract?

Contact your mobile phone provider to tell them you want to cancel your contract. You can either call or send a free text, or email them. If youre still within contract, youll need to pay any exit fees or buy-out the remainder of your contract, before you can leave.

What happens if you dont pay off a leased phone?

It will probably take a few months of non-payment before they cancelled your account. At that point, they may decide to blacklist the phone so it wont work on any network. As long as there is any payment remaining, the phone wont be unlocked for use on other networks.

How does a cell phone lease work?

Leasing a phone is similar in concept to monthly installments, as you pay a specified amount per monththe main difference between the two is that you wont keep the phone at the end of a lease, whereas the phone is yours when paid for through monthly installments.

Do you keep your phone after contract ends?

If you bought your phone outright, in full, its yours, and upgrading is just buying a new phone. If you are upgrading but still have payments to make or money owed for your current phone, then no, you cant keep it, you have to turn it in and it must be in good working order.

What happens at the end of a phone lease?

After your lease ends, a charge will appear on your bill for the remaining purchase-option price of your device, plus taxes.

What credit score do you need to lease a phone?

Theres no minimum credit score to get a phone contract. Every network operator scores you differentlyso even if one network wont give you a contract, you might have more luck elsewhere. Having bad credit doesnt stop you from getting a phone contract, but it might make it harder.

Do I own my phone after 24 months?

You just pay for it in monthly instalments throughout your contract (usually 12 or 24 months), but you dont own the phone until your contract has ended.

What does a 24 month phone contract mean?

Having a contract phone means that you pay a single monthly fee for a fixed period of time. Most mobile phone contracts are set at either 12 or 24 months and provide mobile customers with a handset and a monthly allowance of calls, data and texts.

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