Financial guru Martin Lewis has issued crucial money-saving guidance to millions of mobile phone users across the UK, specifically targeting those whose SIM-only contracts are nearing expiration. The founder of MoneySavingExpert.com has unveiled a straightforward two-step process that could lead to substantial reductions in monthly bills for approximately 14 million individuals.
Who Should Take Action?
The advice is particularly pertinent for the vast number of consumers whose SIM-only mobile contracts are set to conclude during the current year. Many people remain on outdated, more expensive tariffs long after their initial contract period has finished, often unaware they could be paying significantly less for identical services.
Step One: Check Your Contract Status
Lewis recommends that customers first verify whether they are still within their contract period by sending a simple, free text message. By texting "INFO" to 85075, users can receive immediate information about their current mobile agreement. The key detail to look for is the "Early Termination" or "Cancellation Charge" amount.
If this figure reads £0, it indicates that the contract has officially ended and you are free to switch providers without penalty. This is the green light to proceed to the next money-saving step.
Step Two: Compare and Switch
Once confirmation of contract completion is received, Lewis strongly advises visiting reputable SIM comparison websites. These platforms allow consumers to easily contrast different providers' offerings for similar data, call, and text allowances.
"You can often find dramatically cheaper deals for exactly the same service you're currently receiving," explains Lewis. "The mobile market is highly competitive, and new customers frequently benefit from the best promotional rates."
Important Limitations to Note
It's crucial to understand that this specific advice applies exclusively to SIM-only contracts rather than bundled agreements that include handset financing. Those with multiple-phone contracts or device payment plans should seek alternative guidance, as different rules and considerations apply to those arrangements.
The consumer champion emphasizes that regular contract reviews should become habitual practice for all mobile users. With telecom providers constantly adjusting their pricing structures and introducing new promotional offers, staying informed about market changes can lead to continuous savings rather than one-off reductions.
This timely intervention comes as household budgets face increasing pressure from various economic factors. Taking control of regular outgoings like mobile contracts represents a practical step toward financial management that millions can implement immediately with minimal effort but potentially significant financial benefit.
