We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

How can i get out of an O2 contract?

2»

Comments

  • boliston
    boliston Posts: 3,012 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    I was actually stating if you cannot afford it in full before you enter into the contract then go PAYG. I was not referring to having £x surplus per month but can you afford in full to begin with. Peoples circumstances change all the time you cannot live on hope that your income will not change so you should look to having savings for when things go wrong.

    A lot of people are not in a position to be able to build up savings. Most people I know seem to be "skint" as the end of the month draws near. You could say that unless you have enough savings to pay off your mortgage then you should not take out a mortgage in case things go wrong.

    There is however an important point you must consider. If you breach your contract by failure to pay the amount is owed in full as already explained. Now!, If this happens your service will end as you should expect, you will not get a mobile signal EVEN if you pay it off. No signal during paying it off, nor x months of signal after its paid in full. Basically you end up paying for no service because of 3 or so months missed payments. You will have wasted alot more money if you are unable to get the account out of arrears.

    I think most people would grab a payg sim to use till their contract sim was back up and running, so not the end of the world really.
  • DarkConvict
    DarkConvict Posts: 6,347 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    As far as I am aware, the contract SIM will not become up and running if the account is defaulted. It will end permanently.
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.