FCC May Regulate Cancellation Fees
another example of a utility company coping out and running to the gov't for help
this is the beginning for the regulated wireless industry. at the end, this is only hurting the consumers. the big wireless companies want regulation so the consumers will have no power of what happens in the market.
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Maybe I need to better explain the analogy for the logic-challenged.
A car is a purchase. So is a phone. We aren't talking about the plan, which IS the service. This we'll cover below. In both cases it's uncommon for most people to drop the cash for the full price at the point of sale. Carriers subsidize the price in exchange for a contract. Banks finance a vehicle allowing the buyer to pay over time. Either way you don't pay all up front for it.
You can liken the ETF to either the interest that you pay over the course of the loan or, in the case of 0% APR, the amount you owe that is more than what the car is worth by the time you are no longer happy with it and want to sell or trade it in. Unscrupulous...
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IF you arent happy, then leave - but pay the fee. The fees MAY be high, and this is why the bill is tryign to regulate them - did you even read the damn article?
Secondly, in accordance with what others have said you do not "own" the phone. The carrier does.
And if you have been with the same carrier for more than 2 years and do not have any discounts on phone service you are doing something seriously wrong...
There's always some BS excuse from an incompetent customer about why they are frustrated with their carrier
Of course when regulations happen, there is no way to challenge them (unless you want to go through a whole appeal process of some sort) and at the end the consumers will lose major power and voice in the market because of government regulations and mandates they "impose" on the industry. free market is the way to go ... regulations will only make things worse for the consumers.
PEZ said:
They want to regulate it across the board so there can be a formal system with all carriers. You think its simple running a cellphone carrier service? NOne of these companies are making a profit.. they lose millions a year. How do you suppose they should stay afloat? By charing for their services and penilizing indicisive morons like you who change carriers everytime nokia comes out with a new model.
I worked for VZW (3+ years). I have a corporate discount with VZW. My company has VZW. I buy from VZW. Actually ... I probably spend more than six figures on VZW for our business unit.
I've read case studies on government regulations on utility companies. I've wrote papers on government regul...
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PEZ said:
They want to regulate it across the board so there can be a formal system with all carriers. You think its simple running a cellphone carrier service? NOne of these companies are making a profit.. they lose millions a year. How do you suppose they should stay afloat? By charing for their services and penilizing indicisive morons like you who change carriers everytime nokia comes out with a new model.
If I so choose to pay for such Nokia and use it on another carrier, yes. There is no reason for an ETF on an unsubsidized phone. If the carrier doesn't keep me happy, its their problem. And I doubt the major carriers well except for one are losing millions, nor wouldn't unless poorly managed.
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This forum is closed.