Verizon to rise termination fee

November 5, 2009 6:16:18 PM PST
Verizon is doubling the early termination fee on its smart phones to $350.

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The new charge will apply to contracts signed beginning November 15th. Each month you keep the smart phone, the company will take $10 off that charge.

Still, in the final month of the contract those canceling would still owe more than $100 in fees.

The termination fee on all contracts signed before November 15 will remain at $175 dollars.

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