Are you tired of being tied down to your EE contract and wondering if you can pay it off early? The answer is yes, you can. However, there are a few things you should know before you decide to do so.
Firstly, you need to determine if there are any early termination fees associated with your contract. Most mobile phone providers charge a termination fee if a customer decides to end their contract early. This fee can vary depending on the length of the contract and the remaining time left on it.
Secondly, you should consider if paying off your EE contract early is financially worth it. If you are on a contract that offers a discounted rate on your phone, paying it off early may not make financial sense. On the other hand, if you are paying a high price for your contract, paying it off early could save you money in the long run.
If you have decided to pay off your EE contract early, the process is simple. You can call EE`s customer service and request a payout figure. This figure will include any early termination fees and the outstanding balance on your contract. Once you have received this figure, you can pay it off in full and end your contract.
It is important to note that paying off your EE contract early will not affect your credit score. However, if you have missed any payments or defaulted on your contract, this will negatively impact your credit score.
In conclusion, you can pay off your EE contract early, but it is important to weigh the pros and cons before making a decision. Make sure to check if there are any early termination fees and determine if paying off your contract is financially worth it. If you do decide to pay it off early, the process is simple, and it will not affect your credit score.