
The Latest Ripoff From Your Smartphone Carrier
SNL's Bill Hader in a new commercial for T-Mobile.
STEVE KOVACH
Business Insider
Over the last two weeks, three out of the four major wireless carriers in the US have announced new payment plans that will let you upgrade to a new smartphone at least once a year.
And they're all a ripoff, something no budget-aware consumer should ever consider signing up for.
T-Mobile, AT&T, and Verizon each have their own new upgrade plans, called Jump, Next, and Edge, respectively. They all work mostly the same, essentially letting you "rent" your smartphone from the carrier with monthly installments and then trade it in for a new one once you've made a certain number of payments. It's kind...