termination of mobile contract help

tsukiduki

hi, does anyone know how I can or if it is possible to terminate my mobile phone contract? It is a 24 month contract which I took out at the end of October 2012 with O2. Thing is, my partner left a week ago with no intention of returning. My outgoings are therefore going up sustantially and I need to find ways of cutting costs dramatically and at £43 a month, this seems the most obvious choice. My fear is I could lose my home otherwise.:(

DUTR

So what pathetic excuse are you going to use for terminating the contract? O2 are not in breach of the agreement, adding to a list of failed comittments by you, may not directly lead to you losing your home, but you don't really want bad marks on your credit record. Don't you have any old items you can sell? Ebay are offering free listings this weekend.

tsukiduki

nothing like kicking a person when they are already feeling worthless. thought this site was meant to offer advice. thank yo anyway.

DUTR

tsukiduki wrote: »

nothing like kicking a person when they are already feeling worthless. thought this site was meant to offer advice. thank yo anyway.

I ain't kicking you, too many want that shiny handset or other item and simply look on credit agreements, I always vote for the reds, but living on the knock is not sensible, many need to mature to live and behave sensibly. You say your partner has gone, in this 21st century time, equal rights and independance are the way surely.
If you have a £43 /month deal then perhaps the handset may have some value which can be sold to cover a good portion of the agreement?

spacey2012

Agree above, transfer the sim to an old phone and rake out the value of the new handset

tsukiduki

didn't know I could do that. thought if it was connected to a phone you were stuck. I have never had any form of credit before except for my mortgage so you really shouldn't judge. I have a good job but when someone who paid half the bills leaves suddenly and unexpectedly it really is hard to make up the difference.

DUTR

tsukiduki wrote: »

didn't know I could do that. thought if it was connected to a phone you were stuck. I have never had any form of credit before except for my mortgage so you really shouldn't judge. I have a good job but when someone who paid half the bills leaves suddenly and unexpectedly it really is hard to make up the difference.

I have paid a mortgage and 2 properties, but as you are aware, there are other bills to meet eg council tax, water rates, energy, grocery, comuting costs etc, it's all about budgeting, the lender would not have allowed the mortgage without some sort of pre budget statement, handsets on contract can be had from under £10 per month, so a £43 per month is likely to be a top flight handset, your ex is still liable for their share of the mortgage if their name is on the agreement whether they live there or not.

robbies_gal

it might be locked to a network so check that before u sell it

tsukiduki

thanks gabbyevs, will do so. Dutr, just hope your glory days continue. I was a fool.

DUTR

tsukiduki wrote: »

thanks gabbyevs, will do so. Dutr, just hope your glory days continue. I was a fool.

It's not about glory, too many nowadays do things which are frankly 'stupid' when I type stupid I mean not the most sensible, If you and your ex had thought a little harder then you would not have encountered unnecessary debts, it's not the networks fault is it?
Another option to try is to contact the provider and see if you can downgrade your deal, it may mean an initial outlay but your monthly will reduce which is what you are aiming to achieve.

macman

You can certainly cancel, but the ETC will be whatever is left on the contract (20m x £43=£860), so selling on the handset is by far the better option.
But what sort of mobile contract costs £43 per month?
I'd be looking at getting a lodger as the quickest way to reduce your bills, up to £4,250 tax free.
https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme