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10 Ridiculous Facts About The Mobile Phone Industry

Chances are you're being ripped off and UNSHACKLED.com can help.

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1. "Free" doesn't actually mean "free".

20th Century Fox / Via hackeducation.com

Over a year ago, a study revealed the hidden costs in long-term mobile phone contracts, claiming that some consumers were effectively landed with a whopping 48% APR two-year loan in exchange for a "free" phone.

That right there is not cool.

2. We waste £5.4 billion each year...

20th Century Fox / Via taiga-sexual.tumblr.com

...simply because we're on the wrong contracts.

Someone: "OMG that sounds like a lot of money."

Someone else: "HELL YEAH THAT'S A LOT OF MONEY."

3. Seven in 10 mobile customers could save £159 each year on average...

Warner Bros. / Via m.popkey.co

...according to the same study. That's £159 back in your pocket where it belongs. Nice.

4. And that's because on average, consumers are oversold tariffs that exceed their needs by 130%.

TLC / Via reactiongifs.com

According to a recent report, 350 mystery shoppers were quoted a wide range of prices for contracts even though they all asked for a tariff with the same usage.

That right there? Not cool.

5. We also waste £355 million a year paying for handsets we've already paid for.

For real. A recent report found that 46% of people did not immediately switch when they reached the end of their contract. As a result, they paid toward handsets they had already paid off.
Thinkstock

For real. A recent report found that 46% of people did not immediately switch when they reached the end of their contract. As a result, they paid toward handsets they had already paid off.

6. In fact, 92% of us could be on the wrong tariff.

Nickelodeon / Via reactiongifs.com

Can you guess what that is? THAT'S NOT COOL.

But it doesn’t stop there...

7. Mobile phone providers have been accused of making contracts deliberately difficult to exit…

8. Which means people are losing faith.

According to a report last year, only 28% of people actually trust mobile phone providers.Someone: "Shall we invite those mobile phone providers over for a partay?"Someone else: "Can we trust 'em?"Someone: "Good point..."
BuzzFeed

According to a report last year, only 28% of people actually trust mobile phone providers.

Someone: "Shall we invite those mobile phone providers over for a partay?"

Someone else: "Can we trust 'em?"

Someone: "Good point..."

9. Yet, despite all of this craziness, 48% of us have never switched supplier.

Do you know what that is? That's really taking the biscuit.
Thinkstock

Do you know what that is? That's really taking the biscuit.

10. Oh, and guessing definitely doesn't work.

NBC / Via reactiongifs.com

Shock, right? But seriously: Even if you go direct and choose your own tariff, searching for contracts with your actual usage will save you an extra 11.7% more than using estimated data.

Now that's cool.

Worried your mobile phone provider is ripping you off?

UNSHACKLED.com is here to help you get the deal you deserve. Buy from us and sign up for our MobileWatch service – then, if a better deal comes along, we'll give you all the details and even help you switch, so you win every time. Find out more.