Are you tied up in a Virgin Mobile contract you no longer want or need? Maybe your circumstances have changed, or you`ve found a better deal elsewhere. Whatever your reason for wanting out of your contract early, you may be wondering if it`s possible and, if so, what the consequences might be.
The short answer is yes, you can cancel your Virgin Mobile contract early. However, it`s not a decision to be taken lightly, as there may be financial penalties involved.
Virgin Mobile offers two-year contracts, so if you cancel before the end of your contract term, you`ll likely be charged an early termination fee (ETF). The ETF varies depending on the type of plan you have and how much time is left on your contract.
For Pay Monthly plans, the ETF is calculated at 1/30th of your monthly charge for each remaining month of your contract. So, if you have six months left on your contract and your monthly charge is $30, your ETF would be $180 (6 x $30).
For SIM-only plans, the ETF is a bit simpler. It`s just the total of your remaining monthly charges, up to a maximum of three months.
It`s worth noting that if you cancel your contract early, you`ll also lose any benefits or rewards that were included in your plan. This could include discounted or free services, cashback offers, or gift cards.
So, before you decide to cancel, it`s important to weigh up the cost of the ETF against the benefits you`ll be giving up. If you`re switching to a cheaper plan or provider, it`s worth doing the maths to see whether the savings outweigh the ETF.
If you do decide to cancel, you can do so by calling Virgin Mobile customer services or logging into your online account. You`ll need to give notice, usually 30 days in advance, and pay any outstanding charges. Your ETF will be calculated and added to your final bill.
In summary, cancelling your Virgin Mobile contract early is possible but comes with financial penalties. It`s important to consider the cost of the ETF against the benefits you`ll be losing before making a decision. If you do decide to cancel, give notice in advance, pay any outstanding charges, and be prepared to receive a final bill that includes the ETF.