When Verizon Wireless unveiled its "Verizon Edge" early-upgrade plan in July 2013, the company allowed customers to switch to a new smartphone once they paid 50 off percent of the cost of their original device.
But the amount Verizon Edge customers had to pay to be eligible for an early upgrade kept creeping up, to 60 percent in June 2014 and then 75 percent in October 2014. Today, it's come to the logical conclusion: you can only upgrade to a new device once you've paid off the entire cost of the existing one.
Verizon spun the news as a positive step in a press release titled "Verizon Edge Making it Easier to Upgrade and Experience Verizon’s 4G LTE Network."
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