Tuesday, 10 May 2011

RIP Cheap Phone Deals

Cheap mobile phone deals seem to be becoming a thing of the past. The problem? Meddling Brussels bureaucrats.

The was a trend for very cheap monthly mobile phone contracts. Back in February you could land a monthly deal for as little as £5. The catch being that these deals tended to lock in customers for up to 36 months. As of May 1 it has been illegal under European law not offer offer a contract of 12 months.

Certainly the commitment of 24 month contract can come back to bite you. In two years phones can move on a lot - you may not still be happy paying the premium for that handset. With high featured handsets dropping in price as competition hots up, buying handsets outright could increasingly become the way to go.

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