T-Mobile Silently Increases iPhone 5 Down Payment

Just a month after launching the iPhone 5 on its network, T-Mobile  increased the down payment of the phone today by $50. The increase wasn't officially publicized, and it requires future T-Mobile iPhone customers to pay $150 for the down payment, including $20 per month until the phone is paid off. 

The shift in pricing comes just a month after the company entered a court-ordered agreement with the Washington State Attorney General to clarify that customers will need to pay the full amount for a phone if they end their T-Mobile phone plan early. As a result of the agreement, T-Mobile customers who purchased a phone between March 26 and April 25 were allowed to return their phones and cancel their plans without having to pay the full price of the phone. 

T-Mobile marketed itself as the "uncarrier" when it launched its no-contract plans just a few months ago.

The article T-Mobile Silently Increases iPhone 5 Down Payment originally appeared on Fool.com.

Fool contributor Chris Neiger and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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