on 15-08-2022 10:48
Hello, I really need to start considering reducing costs wherever I can as my mortgage and energy bills are through the roof now and I am being left with very little money after all the bills are paid and I have a family to feed.
My question is please can I discuss with someone about downgrading to a (much) cheaper broadband option or cancelling altogether? I am spending ~£70 a month at the moment (on just broadband) and whilst it is a luxury, I think the time has come to start tightening the purse-strings as times are becoming tough.
Answered! Go to Answer
15-08-2022 11:16 - edited 15-08-2022 11:19
Try calling up, selecting options for "about my account" and "thinking of leaving". Reports here suggest response times are massively variable from a couple of minutes to hours (with regular hourly disconnections), and that the response you'll get on trying to significantly reduce cost will be equally variable. When you make the call (inbound) the agents generally have less leeway than outbound call agents phoning you and trying to retain a customer who has cancelled and is in the 30 day notice period. Because retentions agents generally have a fixed discount budget in a given time period and a bonus based on tiered levels of customers retained, then there's no logic from your perspective to what they'll offer you - if they're already up to their maximum personal retention quota for the period, then there's no logic for them to offer you any discount, even though the agent next to them my be down on quota, and using their discount allowance very generously.
Looking at what's within your control, your leverage to getting a deal is the belief by the agent that you will be prepared to leave - not "loyalty" or how long you've been a customer. Don't be distracted by the agent prattling on about the VM speed advantage, or offered benefits that don't have a real cash value to you (eg a monthly SIM at no extra charge is of no value unless you've got another mobile deal you can cancel without penalty). Best bet is to arm yourself with knowledge of what competitors will offer you as a new customer say via Uswitch, MoneySupermarket, those meerkats etc, phone and offer your 30 days notice, and see what they come up with. If the phone experience is all too much, cancel VM by recorded post and order a different ISP for installation at the end of your VM contract, and wait and see if you get an outbound retention call, then review - either reject that, or cancel the new ISP. But if you really want to stay, don't blame me if you miss that VM call, or it is never made.....
15-08-2022 11:16 - edited 15-08-2022 11:19
Try calling up, selecting options for "about my account" and "thinking of leaving". Reports here suggest response times are massively variable from a couple of minutes to hours (with regular hourly disconnections), and that the response you'll get on trying to significantly reduce cost will be equally variable. When you make the call (inbound) the agents generally have less leeway than outbound call agents phoning you and trying to retain a customer who has cancelled and is in the 30 day notice period. Because retentions agents generally have a fixed discount budget in a given time period and a bonus based on tiered levels of customers retained, then there's no logic from your perspective to what they'll offer you - if they're already up to their maximum personal retention quota for the period, then there's no logic for them to offer you any discount, even though the agent next to them my be down on quota, and using their discount allowance very generously.
Looking at what's within your control, your leverage to getting a deal is the belief by the agent that you will be prepared to leave - not "loyalty" or how long you've been a customer. Don't be distracted by the agent prattling on about the VM speed advantage, or offered benefits that don't have a real cash value to you (eg a monthly SIM at no extra charge is of no value unless you've got another mobile deal you can cancel without penalty). Best bet is to arm yourself with knowledge of what competitors will offer you as a new customer say via Uswitch, MoneySupermarket, those meerkats etc, phone and offer your 30 days notice, and see what they come up with. If the phone experience is all too much, cancel VM by recorded post and order a different ISP for installation at the end of your VM contract, and wait and see if you get an outbound retention call, then review - either reject that, or cancel the new ISP. But if you really want to stay, don't blame me if you miss that VM call, or it is never made.....
on 15-08-2022 12:10
Thank you for this detailed response. I think I am out of contract (would be good to be able to clarify this on the site) so it looks like it might be quite easy to just send a letter and choose a cheapy ADSL provider or something for like £10 a month if I can find one. I'll start shopping around, thank you again for your input here.
on 15-08-2022 14:36
Even if you can find one at a tenner a month, that's barely enough to cover the costs of a company's billing systems, never mind the service itself, so there's a lot of negative implications around that. I reckon around £20-25 for broadband only or BB+phone is the minimum sort of price for which you might reasonably expect some basic level of competence in service delivery and customer services, and there's deals with acceptable speeds on offer for that sort of money. Bear in mind not all companies are the same - BT and Sky for example are far, far less complained about than the likes of VM, Shell or Vodafone. Shop wisely!
You may find somebody offering a tenner a month service, it could even be a valid offer - but if you do ask yourself how they can offer a deal so cheaply, and why they are choosing to do so. Ultimately all companies need to make money for shareholders, and even if they're pricing near enough at cost, there's strategy somewhere to make money out of customers. In the case of cheap social tariffs, those exist to placate politicians, and in the hope that customers on hard times can be retained until they can be brought back onto a more viable tariff (for the company).
15-08-2022 17:33 - edited 15-08-2022 17:33
Yea I suppose the tenner a month idea was just a way of me saying about finding a much cheaper one, forgive me I was typing on my phone in a work break so was just spewing ideas out as I thought them. Yes £20-25 would be reasonable.
on 31-08-2023 04:28
My broadband is over 160 pounds a month-there's no way I can afford anywhere near that now
on 31-08-2023 09:24
@eagleowl68 wrote:My broadband is over 160 pounds a month-there's no way I can afford anywhere near that now
Did you phone VM to renegotiate/renew/cancel as suggested in your own topic on the subject of downgrading back in May?
Without doing this, your package price will remain at £160.
on 31-08-2023 12:26
WOW
on 31-08-2023 13:09
£160 sounds like a long-term customer with yearly price hikes on their top package including the premium TV service...AMMMEEEENNN
on 31-08-2023 14:02
I've just found 100 mps fibre with one of the ''big four'' mobile phone providers for 26 pounds a month.I need a new mobile phone anyway,so....!