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Stuck in a mobile phone contract - Help!

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I am 13 months into a 24-month mobile phone contract with O2. I have completed an analysis report of my recent phone bills and it appears that I am substantially underusing my contract deal which consists of unlimited minutes, unlimited texts and 2048MB of data. I have spoken with O2 Customer Services to try and downgrade my contract of which they said there is nothing they can do, they can only upgrade contracts. It appears the only way I can get out of this £43 per month contract is to pay £323.50 to pay off the rest of my line rental or I can wait until the 28th June 2015 for my 1 month early upgrade. I really don't need all this unlimited usage and would like to pay for only what I require. I would appreciate it if anyone has any advice or has been in a similar situation and discovered a route to getting out of this. I am trying to cut down on all costs where possible but not sure if there is an escape route to this one. Please help. Thank you.

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  • Browntoa
    Browntoa Posts: 49,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    there isnt an escape route , its a contract

    could you not sell the phone that come with the contract to buy it out ??
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  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    This is what contracts are, only way out I can see has already been pointed out, that is alot of money pm.
  • grumbler
    grumbler Posts: 58,629 Forumite
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    edited 20 September 2014 at 10:27PM
    hotsauce wrote: »
    ....I have completed an analysis report of my recent phone bills and it appears that I am substantially underusing my contract deal which consists of unlimited minutes, unlimited texts and 2048MB of data.
    "Completed analysis" sounds very scientifically.
    As a scientist you must understand that you can't "underuse" unlimited allowance as 10/unlimited = 100/unlimited = 1000/unlimited = 0.
    I really don't need all this unlimited usage and would like to pay for only what I require.
    In this case you should have gone for PAYG or a cheaper, possibly 1-month sim-only, contract. I guess it was the small (zero?) upfront cost of the phone that lured you into a long and expensive excessive contract.
    I am trying to cut down on all costs where possible
    Sell the phone and buy some cheap replacement.
  • d123
    d123 Posts: 8,731 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    hotsauce wrote: »
    I am 13 months into a 24-month mobile phone contract with O2. I have completed an analysis report of my recent phone bills and it appears that I am substantially underusing my contract deal which consists of unlimited minutes, unlimited texts and 2048MB of data. I have spoken with O2 Customer Services to try and downgrade my contract of which they said there is nothing they can do, they can only upgrade contracts. It appears the only way I can get out of this £43 per month contract is to pay £323.50 to pay off the rest of my line rental or I can wait until the 28th June 2015 for my 1 month early upgrade. I really don't need all this unlimited usage and would like to pay for only what I require. I would appreciate it if anyone has any advice or has been in a similar situation and discovered a route to getting out of this. I am trying to cut down on all costs where possible but not sure if there is an escape route to this one. Please help. Thank you.

    Sell the phone they gave you and use that to subsidise the future rental, buy a cheap phone to put your sim into.
    ====
  • Give a try on online live chat and see if they can downgrade it..It worked for me few months back but when i called CS they refused.
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