Verizon To Double Early Termination Fee

Now, you can sign a new contract with Verizon, pick any phone and then ditch the service for $US175. But according to a leaked doc, those days are numbered.

As of November 15, early terminations on contracts with unspecified “advanced device”(s) will be subject to a fee of $US350. And while that policy might slow eBay entrepreneurs just looking to make a few easy bucks on a resold Blackberry, it’s devastating to the average guy who just wants to ditch his contract early.

The good news, however, is that fee will drop by $US10 every month. But still, that’s a $US110 termination fee in month 23 of a two-year contract which is clearly absurd. [BGR]