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Here's how to calculate your phone contract cancellation fee

Johannesburg - Phone bill monitoring company Tariffic has revealed how mobile networks could calculate your contract cancellation fee.

Last week, Tariffic released a report that highlighted how it could cost customers thousands of rands to cancel their phone contracts.

READ: Here's how much it costs to cancel your phone contract

READ: How much Fin24 users paid to cancel their phone contracts

Tariffic further found that Vodacom was the most expensive network with which to cancel phone contracts.

Subsequent to that report, Tariffic has revealed how phone contract customers can use calculations to determine their contract cancellation fees.

“In response to a number of queries that the company received, Tariffic has published the calculations that it used to determine the cancellation fees in its analysis,” Tariffic said in statement.

Tariffic further said that the amounts customers pay to cancel their cellphone contracts before they expire are based on “numerous factors and varies from service provider to service provider”.

Tariffic, then, has said that its below calculations were obtained by “reverse engineering actual ‘cancellation quotes’ received and contacting the service providers in the case of any discrepancies.

Click here to tell us if this below calculation has helped you or not in terms of working out your contract cancellation fee.

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