If there is one thing we always have at hand, or know where it is, and that is our mobile phones.
They are always near, and always on, and almost always in use. We are either sending a text, watching a video, listening to music, take a photo, make a payment, doing something on a mobile application, or even yes, making a phone call.
And as if these little wonders were not enough on their own, applications for our mobiles are being developed daily. With many of these applications directed at saving us money, or helping us with our finances.
Most credit cards today have a mobile app to help you not just track your spending, but also alert you to when you have a payment due, and if you are reaching your credit limit.
Online and mobile banking is used by just about everyone, under a certain age, and who goes into the bank branches these days, not too many people. All things banking can be done using your mobile phone and the bank’s application.
However, there is a price to pay for these mechanical marvels, in some instances they are not cheap.
The Past and The Future
Years and years ago it was all about “minutes” to talk. Using the phones to make a phone call could be expensive; today is it is more about data.
Data and the actual cost of the phone.
Again in the past, if you signed a new contract with a mobile carrier you could get a new mobile phone for free, you just paid the contact each month, and the phone cost was absorbed into this monthly charge.
With so many people have new hand set these days, we are not buying the latest and greatest new mobile phone on the market each year, or every other year.
This in addition to nothing new being added to mobile phones, the technology has stagnated for now, we are not buying new handsets. This has caused the manufacturers to have to charge for the new phones, so carriers now do not just give the handsets away when you sign a new contract, you may be required to pay a deposit, £50 or more, £150.
This even with a contract.
And it is the data now that is costly. As we use our phones more and more online, 2gig of data can be eaten up rather quickly, and if we stream music and videos, 5gig may b more what we need.
So our mobiles are a part of us, and a part of our finances each month. And the contracts can be confusing, and also expensive.
Text to End a Mobile Contract
Have you tried to switch mobile phone carriers, ever?
It can be difficult.
You need a PAC/porting authorisation code to move your mobile number to another carriers, plus your current carrier will want to know why you are leaving, may try to charge you a fee to leave, or some early termination fee, it makes leaving difficult.
But not any longer.
Mobile carriers have nine (9) months to update their systems, but if you want leave you just text PAC to 65075 to start the process. This gets you a PAC to begin.
The switching code will be good for 30 days, and the provider must also tell you other important information:
* The date your contract can end without a penalty
* The price you have been paying
* Any alternative deals they may have
* Your new service provider must arrange the switch in one (1) day
In addition, if you are unsure about switching, such as if your contract has ended or not, you can text INFO to 85075, to inquire without switching.
Consumer Group Director at Ofcom, Lindsey Fussell stated, “Breaking up with your mobile provider has never been easier thanks to Ofcom’s new rules. You won’t need to have that awkward chat with your current provider to take advantage of the great deals available.”
“This will put power in the hands of millions of people who’re paying more than necessary when they’re no longer tied to a contract.”
The Chief Executive at the CAB, Gillian Guy said, “Almost nine in 10 people think that charging loyal customers more is unfair, and we agree.”
“We look forward to hearing about the concrete actions Ofcom will take to end this systematic scam.”