T-Mobile introduces installment plan for cell phone purchases

Today, T-Mobile announced a new initiative designed to make it easier for consumers to get their hands on high-end cell phones. The new Equipment Installment Plan allows qualified customers the opportunity to make payments across up to four months for their new phone, instead of paying the full purchase price up-front.

The new plan is available for cell phones and other equipment that includes USB modems. Customers using the new T-Mobile Equipment Installment Plan are not charged any finance fees, interest, or start-up fees, making it a great option for qualified customers.