Martin Lewis points warning to cellular prospects | U.Ok.Finance Information
Cash knowledgeable Martin Lewis has warned hundreds of thousands of cell phone prospects that they’re being ripped off and need to change their telephone tariff the identical day they end paying off their handset.
Cellphone contracts within the UK, whether or not it’s EE, Three, Vodafone or O2, will usually embrace the price of the telephone within the month-to-month contract you pay for the service. For instance, a new iPhone or a Samsung Galaxy S25 could price you £40-70 a month, and within that you simply additionally get your minutes and knowledge.
However the overwhelming majority of the month-to-month contract price is the price of the telephone itself – which is why SIM-only offers are often a lot cheaper.
However, Martin Lewis warned on his ITV The Martin Lewis Cash Present Stay that many cell phone corporations will keep on charging their prospects the identical month-to-month fee even after their fixed contract period ends and the telephone is due to this fact paid for.
Martin heard from a girl who appeared up a SIM solely deal after paying £224 a month for a household of three, however managed to cut it to £34 a month for all three, saving £190 a month.
Martin then replied: “The problem is how much they were paying in the first place.
“I bet I can guess what was happening there, and you just need to really be aware of this.
“This is what happens, people go and get themself a new iPhone, then they’re paying £40, £50 a month for it because they’re paying off the phone.
“The contract’s two years and at the end of the two years, the phone is paid off, but if you do nothing, they don’t drop the price, so you’re still paying the price as if you’re paying off the handset itself for the tariff, which would cost you diddly squat if you got it on its own.”
Martin stated that the 14 million cellular prospects who’re out of contract within the UK must be seeking to get a cheaper deal to keep away from this ‘massive rip-off’.
He continued: “I mean that is a massive rip-off, it shouldn’t be allowed, it is allowed, if you’re getting a phone on a contract, the DAY you have paid your phone off you need to be getting a new tariff, or even going to the same firm and saying I wanna pay less.
“It’s like having a loan that once you paid the loan off they keep charging you because they go… they haven’t noticed!.”
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