How To Get Out Of The Verizon Device Payment Plan

The Verizon Device Payment Plan offers flexibility for purchasing devices, but there may be times when you wish to get out of this plan.

Are you interested in knowing how you can get out of the device payment plan at Verizon?

Maybe you have taken a device payment plan and purchased a device from Verizon but now you want out of that plan as it can be a bother at times.

However, there is not much information about how you can do so as we have researched.

And that is why we have presented this article to you.

In this article, we will be talking about the device payment plan in Verizon, what it is and hope you can easily get out of it without any hassle at all!

What is Verizon Device Payment Plan?

Verizon has a device payment plan that allows users to pay for a device within a specific time limit with no annual interstate rate under an agreement.

When you want to avail the plan you are required to sign an agreement that you will pay for the chosen device under the stipulated time period.

You can also pay for the device fully at any time the agreement is valid.

Can You Get Out of the Device Payment Plan?

It is hard to get out of the device payment plan in Verizon because the wireless number is linked to your device and you are expected to pay the full amount after 30 day return period.

The device plans are unique to each user and they give you enough freedom to pay off your plans between 24 to 30 months. 

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However in case you need to get out of the Verizon device payment plan, you can use the solutions listed below to get out of the Verizon Device Payment plan. 

How to Get Out of the Verizon Device Payment Plan?

1. Go for the 30-day Return Policy of Verizon

The first thing that you can try is the 30-day return policy for Verizon. You will have to return the device within 30 days if you are cancelling the devioce payment plan.

Certain requirements have to be met by the device before you can return it and cancel the payment plan.

  • The device has to be in good condition and with original packaging and all accessories.
  • You need to have the original receipt.
  • After your return has been verified you will be refunded the amount that you have paid to Verizon.

2. Cancel Your Verizon Number

The most important thing when becoming eligible for device payment in Verizon is that you will need to have an active Verizon mobile number.

If you cancel the active number that you have with Verizon then you can get out of the device payment plan.

To cancel your number you will have to call Verizon customer care at 1-844-837-2262 and then ask them to cancel your subscription.

They could also ask for your credentials and that’s why make sure to keep them handy.

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3. Complete the Device Pay off

The last solution that you can try to cancel your device payment in Verizon is to pay off the device completely.

You can get out of the device payment plan if you pay off the amount to Verizon in one instalment.

You can do that and your Device payment plan will get cancelled.

  • Go to Verizon App.
  • Open Account Tab.
  • Log into your account and select Pay off device.
  • Now, pay off the amount and then go to the Device Payoff screen.
  • Review the information and click on Continue.
  • After selecting the payment method you will see either the pay-off option or you’re all caught up.
  • Choose payment type and tap to continue.
  • After this you will see Please validate your CVC prompt on the screen.
  • Now you will have to validate it with the verification code and then select Continue.
  • Review the details and complete your payoff.
  • Now you will see the message Congrats, your device has been paid off on your screen.

Congratulations! As with this, you have finally paid off your device.

Important Considerations Before Leaving the Verizon Device Payment Plan

1. Verify All Details with Customer Support

Before making any decisions, we recommend consulting Verizon’s customer support to understand all possible charges and fees associated with your specific situation.

2. Assess Your Needs

Consider why you wish to exit the payment plan and if it aligns with your financial and personal needs. Evaluate other available options within Verizon or with other providers.

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3. Check Network Compatibility if Switching Carriers

If you plan to switch carriers, ensure that your device is compatible with the new network.

Will You Pay Any Early Termination Fee If You Pay Off Your Verizon Phone Early?

No, Verizon does not charge any early termination fee if you choose to pay off the payment remaining before the time comes for it to be paid.

You only have to pay the remaining amount in the payment Plan and you will be able to get out of the Payment plan.

What To Do If You Are Still Stuck in the Payment Plan of Verizon?

If you have already paid off the remaining amount in your payment plan but you still see yourself stuck in it then please visit the local Verizon store and check the situation with them.

In the rare chance of any technical glitches occurring, the agents there will be able to help you out.

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Sebanti Das

Sebanti is a content blogger with a passion for all things social media and technology. With years of experience in creating engaging and informative content, she has a deep understanding of how to use social media platforms to connect with audiences. Whether it's analyzing the latest tech trends, uncovering advanced features on social media apps, her articles are good source for anyone to stay up-to-date in the tech and social media space.