on 22-11-2010 15:56
theres no way i can afford this contract, but didn't expect my job to come to an end
any help would be appreciated
on 22-11-2010 19:05
However, be warned that you are still responsible for the contract and any costs they incur on the usage should they fail to pay.
Usual advice here is to ensure that you don't get into arrears with o2 as they tend not to be messed around over payments and will engage the services of a debt collector. If it gets that far, your credit rating is damaged. Best to talk to them as soon as you can.
on 23-11-2010 03:34
on 23-11-2010 10:17
I can't really add much more than the others have added here. O2 won't release you from your contract, but I do think that it's worth calling to see if there's a way you can be 'downgraded' to a lower tariff. Most of the deals now are £10 / £15 a month, so I'm surprised that you're paying £25.
I know it's not much use to you now, but it is for precisely this reason that many people that I know have saved 3-6 months living costs, as you never know how long you'll have your job for.
Your employer should pay you Statutory Redundancy, unused vacation, and might give you an additional (ex-gratia) payment. Some of these payments will be tax-free. Depending on your work situation between now and April next year, you might be able to claim a tax refund too (i.e. you will have been taxed assuming a full year's employment). Ask your employer if there are internal vacancies that you could apply for, and also find out if they'll be giving you outplacement support, which will help you find work elsewhere.
on 23-11-2010 14:20