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- Feb 10, 2003
It's a no interest loan man.
It's not about interest your still under contract and don't actually own ur phone. Debt is just owing someone or the financial institution that owns the phone till you pay it off.
Also it's an increase of 30 bucks on your monthly bills.
Sucks how phone carriers are passing cost to customers as well as put them in contracts.
You don't understand how this works.
No one is going to repo your phone if you don't pay for it.
You aren't signing a contract for service man,
You paying the identical price for an iPhone 7 whether you put it on device payment or pay for it up front.
You lose nothing buy doing to a finance agreement.
Outside of Sprint's iPhone for life deal you own the phone you sign an agreement for from day one.
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