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Contract Ending and Monthly Bills

I'm a participant level 1
I'm a participant level 1

Hi everyone,


I have my phone under the Fido Financial Program for 2 years.


Will monthly bills be reduced after 2 year contract ending?


Senior MVP Senior MVP
Senior MVP

Hello Yaroslav9728,


  Welcome to the community!


  Fido had switched from their old subsidy model to a financed Payment Program for a couple of years now. With the subsidised plans, the cost of devices was incorporated into the cost of plans (ie Small, Medium, Large, etc). With the new model, the cost of devices is separate from the cost of plans.


  Since the device financing costs are now separate from plan costs, you will no longer have a monthly financing charge once your contract has completed. However, your monthly plan costs would remain the same. You should note that if you were receiving device financing credits towards off-setting the cost of the device, those credits would no longer apply once your contract has ended.


Hope this helps 😀