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Questions about refunding and etc

fmd05708

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Hey so im basically a newbie to all this and pretty much dont have the money to fully purchase what im looking for, thats why im making this thread
I had a quick question if its possible to do refunds on for an example iphone that i just ordered as a monthly paid device? Is it a good or a bad idea?
Also if i have only 50$ in my balance and i order the phone on monthly payment what will happen after the balance ends?
 

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