Did You Know T-mobile Did Away With Contracts?

T-mobile is fourth largest cell phone company in the United States. It recently just stopped signing out contracts, the contracts are usually for a period of 12 months or longer. T-mobile bought out MetroPCS, and now any services that you sign-up for after April, 1st 2013 will be strictly prepaid, i.e. you will pay ahead of time for services rendered.

How is this good? 

• Well, if you are a person who tends to go into cardiac arrest when you see your cell phone bill at the end or beginning of each month, then this will be beneficial to you because there will be no surprises.
• Taxes will definitely decrease and a lot of surcharges that you had with a contract phone, will not be present with a prepaid cellular account.
• Service; the verdict is still out on this one. T-mobile upgraded their towers, but a lot of consumers are complaining about reception. 
• They finally have the Iphone 5. The Iphone 5 is the first apple product that T-mobile has legally sold. 
• No credit check, so virtually everyone is approved, but you are required to have some type of identification card. 
• No commitments 

How is this bad?

• For the ones who signed a contract before April, you are still required to fulfill your contract terms. There are options, where t-mobile allows you to break your contract, but you will pay a hefty fine. 
• Upgrades: I know you were promised an upgrade or at least expecting one, but now since t-mobile no longer offers contracts, you are going to have pay flat out.
• You're going to pay retail period, point, blank. Gone are the days of a free phone with a one or two year contract. However, T-mobile does have an option where you can pay down on a phone, and spread the rest of the payments monthly (seems like a contract to me, but I digress)
• Service- The service could potentially be bad, but the verdict is still out
• Refunds, credits, are probably going to be none existent.