This doesn’t affect equipment installment plans. The phone is still collateral whether it’s locked or not. In fact, AT&T is the only one of the big 3 carrier t

This doesn’t affect equipment installment plans. The phone is still collateral whether it’s locked or not. In fact, AT&T is the only one of the big 3 carrier that locks their devices that are financed. The other ones don’t bother. If you terminate your cellular service with an installment plan it’s typical that you immediately owe the balance. Whether the phone is locked or not makes no difference on whether the company can collect on the debt.