Mid Contract

leebodd

Hi. I am with EE for my mobile phone which is a 2 year contract. I am approx 1 year into it, but they have just increased my monthly direct debit up to £53 per month. I know I don't use half of what I'm paying for, and it's just not affordable. EE tell me I need to pay a £345 fee to change the tariff or monthly plan etc.... does anyone have any ideas as to whether I can get out of the contract early without having to pay this huge fee???? Thank you.

SaverRate

No you cant, you would have to pay the fee.

Assuming you have a phone, how much would the phone be to sell - look on carphone warehouse, o2 recycle etc etc.

If that covers the £345 fee you could cancel, take out a new contract (use https://www.moneysavingexpert.com/cheap-mobile-finder/ to find the best deal), sell the old phone and pay off the fee. A parent did this recently and it saved them circa £15 a month plus they made roughly £75 on selling the old phone compared to the fee they had to pay to end the contract early. 

400ixl

At that price I assume it is a phone plus service tariff you are on? That will be over half of what you are paying for.

It will have been in the contract you signed that it will go up each year. Unfortunately they apply that increase to the phone part as well as the service.

The phone part is a fixed finance cost you have entered into and has no variability. Sometimes they are willing to reduce the service side, for example reducing the data part and reducing the cost. But that will be only a portion of the cost, maybe £5 a month.

As above, you will have a 1 year old phone I assume, selling that to pay off the phone part of the contract may be an option.