Leaked Verizon docs show new prepaid plan arriving on February 1st
Article from Android Authority:
It seems even Verizon is tired of their current prepaid offerings. By most standards, their prepaid plans are pretty expensive and it chases people away to smaller carrier with better rates. Since Verizon is still the largest carrier in the United States, it can be understood how they wouldn’t care about their prepaid business for so long. Some leaked internal documents seem to show that Verizon is ready to change.
According to Phone Arena, the documents show the new prepaid services should be launching February 1st. There are two rate plans mentioned in the document, which is also shown above. The first plan will be unlimited talk and text with 500MB of 3G-only data for $ 60 a month. For an extra $ 10, you can increase that to 2GB a month. Good job Verizon for still being prude with your data plans.
There is also a plan to get grandfathered into the new plan. They get the same data, talk, and text as the new plans, but pay the same rate. So, essentially, the current…………………continues on Android Authority
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The Perils of Prepaid Debit Cards
Article from U.S. News & World Report:
Earlier this month, Justin Bieber joined the ranks of celebrities including Hilary Duff, Usher, Suze Orman, and Carmen Electra, who have endorsed prepaid debit cards. Banks have been using celebrity spokespeople to heavily promote prepaid cards in the past several years, particularly targeting the unbanked or people with credit issues. The Mercator Advisory Group estimates consumers loaded $ 82 billion onto prepaid cards in 2012. The Massachusetts-based advisory services firm projects that number will rise to $ 117 billion this year.
Despite the popular-culture appeal of prepaid debit cards, financial experts caution consumers that they are often riddled with fees for everything from activating the card to transferring money to using an ATM or automated phone system. John Ulzheimer, president of consumer education at SmartCredit.com, says the fees can vary but the net effect is essentially the same. “One may have a lower monthly fee but a higher ATM fee,” he says. “It’s almost like fee Whac-A-Mole. If you’re not careful, it’s like walking through a minefield.”
Perhaps the most notorious example was the Kardashian Kard Pr…………………continues on U.S. News & World Report
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