Free early termination?

JackWhiteWhite

So let's say I am in a middle of my contract, but I want to cancel it. Obviously, early termination fee will apply. However, instead of cancelling the old contract, I sign a new, upgraded one with the same provider, and effectively, the old one get cancelled automatically. A new contract always comes with a cooling-off period, so I cancel it within that period penalty-free. Effectively, I got the new one and the old one cancelled penalty free.
Is that a realistic plan, or is there a catch? 

southsidergs

Nope, if you cancel within 14 days on the new contract you'll revert back to the old one not cancel the services completely

JackWhiteWhite

That would be the obvious outcome, but I remember once getting a new contract and not being happy with it, so I asked them to cancel it and put me back on the old one, but they said it wasn't possible as the old one had been cancelled and couldn't be restored. 

brewerdave

I think with telecoms contracts, the cooling off period finishes once the service is up and running - so your proposal wouldn't work because there won't have been any interruptions in service ??

Neil_Jones

JackWhiteWhite said:

So let's say I am in a middle of my contract, but I want to cancel it. Obviously, early termination fee will apply. However, instead of cancelling the old contract, I sign a new, upgraded one with the same provider, and effectively, the old one get cancelled automatically. A new contract always comes with a cooling-off period, so I cancel it within that period penalty-free. Effectively, I got the new one and the old one cancelled penalty free.
Is that a realistic plan, or is there a catch? 

Maybe one should put more effort into finding a decent contract /deal in the first place rather than trying to find loopholes in existing ones.