Owning a cell phone is a modern necessity, but the expense of decent service can often pinch at your wallet. Prepaid cell phone plans are a useful solution, offering cheap, contract-free rates for those who don’t spend hours on the phone or stream videos on the move. They're flexible, adaptable and affordable; you can pay month-to-month and cancel at any time, with no termination fees and nothing tying you to a single provider.
Prepaid cell phones do not require a consumer to sign a binding contract. The buyer typically pays the full cost of the phone without paying a subsidiary fee from the carrier and agrees to pay a set amount...
But prepaid cell phone plans are often cheaper still for the same level of talk, text and data allotments, and use the very same networks that are used (and owned by) the four major nationwide carriers -- Verizon, AT&T, T-Mobile and Sprint. Prepaid plans also don't require a credit check to get service -- a necessary plus for some and a convenience for all. If you are a light user and want a pay as you go rather than a monthly plan, a prepaid plan is your only cost-effective alternative.