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Class Action Against Verizon Can Move Forward

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Top message:  I don't see how this could work by VZWrube   Jan 28, 2008, 11:03 PM

Replying to:  Re: I don't see how this could work by cellphoneslinger   Jan 30, 2008, 10:17 AM

Re: I don't see how this could work

by cremz    Jan 30, 2008, 11:10 AM

umm majority of loans in the past 3 years had no pay off early fee. What you are thinking is when mortgage companies charged this fee. It really only applied to very low rate mortgages, specifically ARM's, and you pay it off before the intrest readjusts...

I do believe that Verizon will end up settling this or be found liable, but because they unnecessarily extended contracts everytime something changed in the account. Carriers will still be allowed to charge the ETF's and have contracts they just need to have a viable option for a no contract...(specifically expensive phone and deposit) and only extend contracts tied to equipment discounts.

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