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Question About Payment to Phone Carrier
- Thread starter Dan50
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As in stop paying for a financed phone? It's basically a loan, so when someone stops paying a loan that's the kind of thing that would happen (calls to get the payments, collection agencies, and reports of non-payment on credit history).
Now, there are probably options to trade-in the device to get credit for the rest of the payments or something like that, and that would be something that should be explored.
Now, there are probably options to trade-in the device to get credit for the rest of the payments or something like that, and that would be something that should be explored.
Does that mean that she could possibly trade in for the 7 to Verizon? Even she trades in with Verizon, can she switch to AT&T in few months if she want a carrier change?
Most carriers have some sort of switching thing right now. They pay off so much of what you owe.
But if she stops paying, it will mess with their credit and more than likely the phone will be shut off
Really concerning that this question was even asked.
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Only Verizon knows the answer to that question, best to call them about it. If she finances the iPhone 7 through Verizon she could switch to AT&T, but would need to pay off the rest of the device loan to Verizon first.
She would HAVE TO pay off the balance owing for the phone and then switch to a carrier of choice and buy the 7 using the 6s as a trade-in. NEVER merely stop payment. Would have horrendous effect on their credit rating.