Hi, First off i know the tab is essentially a loan for the phone which is paid off after 24 monthly instalments. The 'plan' being the cost of the network charge for data, minutes etc.
Please someone correct me if i am wrong here. Say for example i take a medium 'tab' where the upfront cost is $0 and the monthly 'tab' is $10 dollars a month for 24 months. I then add a plan of lets say $50 bringing my total monthly charge to $60. Now after 3 months i wish to cancel my plan, I am assuming i just settle my 'tab' of 21 monthly payments of $10 ($210) and i am not liable for any other charges?
That is my understanding of how this works, the 'tab' is essentially a loan which has to be repaid over a maximum of 24 months, although i can choose to settle this early. The 'plan' is not a fixed term contract and therefore i can cancel at anytime and only be liable for the service i have so far used.
Is that correct?