Cancellations and Deposits (CAN-De) Fund Consumer Benefits

Wish you had a cell phone but can't pay the high deposits or commit to a long contract? Check out the cancellation and deposit benefits of the CAN-DE Fund then contact a dealer who offers the CAN-De Fund to qualified customers!

Current Industry Deposit Policy	CAN-De Fund Deposit Policy
Indirect dealers must activate only persons that are not required to pay a deposit unless the customer agrees to pay this collateral in the event the account goes delinquent in any way. The latter is highly unlikely event though the deposit is returned to the customer after successfully completing one year of service.	Once a customer has met the dealer's criteria, the dealer would pay the customer's deposit from the CAN-De fund; the returned deposit would be credited back to the fund, eliminating that obstacle for the customer
Customers who do not have a social security number (extremely common in border cities) are automatically charged a $500 deposit regardless of credit or income.	Customers who do not have a social security number but meet all other requirements would be eligible for a CAN-De Fund deposit.
Customers are scored based on a credit check which will determine the number of phone lines for which they are eligible. Customers who want additional lines may have to pay large deposits.	The CAN-De Fund can provide part or all of the required deposit for additional lines; for example, consumers whose credit scores only qualify them for 2 phone lines may be able to have part or all of their deposit paid via the CAN-De Fund if they want a 3rd line rather than seeking another carrier or having to wait months before qualifying through existing carriers.
Current Industry Cancellation Policy	CAN-De Fund Cancellation Policy
Most carriers require a one to two year contract. This long term commitment, coupled with a penalty fee that ranges anywhere from $150 - $250 upon early cancellation, is yet another obstacle that deters potential customers.	Selected customers would be free of contracts and have "no early cancellation fees". The customer would be eligible for free early cancellation on the 121st day after the initial activation of their phone, after the dealer's charge-back period; if the customer is not entirely happy or satisfied with the service or can no longer afford it, they may cancel their service at the dealer's expense.