on 12-12-2012 13:56
on 12-12-2012 13:56
Can someone please clarify for me.....
I have received an email to say that the tariff i am on will soon increase in cost. I took out a 24-month contract with O2, so am shocked to see that the cost is increasing!! Does this not completely go against the point of having a contract?? All of the terms are clearly stated (i.e. the cost per month, the term, who and when...) and then signed.
Unless someone is about to copy and paste the tiniest piece of smallprint in the world, i think we're all being had!! If O2 can increase is by 50p today, can they increase it by £50 tomorrow??
And, if they can make changes, can i change my contract duration to say, 1 month??
Solved! Go to Solution.
on 13-12-2012 14:30
on 13-12-2012 14:32
on 13-12-2012 14:32
@Anonymous wrote:As I just took out a 24 month contract 3 weeks ago, this 3.4% rise, taken over the 3 weeks, leads to predict annual inflation of 76%...
Yeah. That's inflation. What gets me is they were happy to agree a contract with me 3 weeks ago at a set rate. Before I've even made the first payment they are taking the price up... as if they didn't know they were about to do so.
poor maths as the 3.4% is and always be 3.4% as it is calculated by the goverment
on 13-12-2012 14:34
on 13-12-2012 14:34
on 13-12-2012 14:37
on 13-12-2012 14:37
@liquid I think a very few business contracts may have done as per the info page we both have posted
In my Business contract, it says I won't be affected by any price increases.
Please speak to your O2 Account Manager. We'll look at your contract and check what this means for you.
source http://www.o2.co.uk/prices
on 13-12-2012 14:43
on 13-12-2012 14:43
on 13-12-2012 14:43
on 13-12-2012 14:43
on 13-12-2012 14:51
on 13-12-2012 14:56
on 13-12-2012 14:56
@Anonymous wrote:
Sound maths. 3.4% taken over a 3 week period. There are 17 3 week periods in a year (approx). 1.034 ^ 17 for a bit of compounded interest, leads to an annual increase rate of 76%.
Inflation is calculated by the government over a year, yes. The increase I've just been subjected to is over a much shorter period.
You don't expect a logical response to that do you?
on 13-12-2012 14:57
on 13-12-2012 14:57
13-12-2012 14:59 - edited 13-12-2012 14:59
13-12-2012 14:59 - edited 13-12-2012 14:59
Ok how about we do it this way,
My contract of £65 per month as example.
With how I would work out I would be paying £67.21 which is £806.52.
Now using your way of working I end up with £1372.80 per year which is £114.40 per month.
I believe your math is flawed. No offence intended.
however you get a kudo for trying:)