FOUL!!! AT&T shifts from net 30 to prepay

It may be time for me (and you) to flee the Death Star. An accounting ploy to improve cash flow is being executed at our expense. Without warning, you will be paying AT&T ahead instead of arrears. This will double the amount you usually pay on you next bill.

AT&T has discovered that the commercial paper it relies on is now a lot more difficult to get, causing a bit of a cash crunch for the company. So how is it dealing with it? By pushing that cash crunch to you. Rather than its usual habit of billing you for the month that just past, AT&T is telling customers it’s now billing them for the month ahead — meaning that your latest bill may be double (paying for last month and next month). Effectively, AT&T is changing the credit terms on its customers, from net 30 to prepay. (Techdirt)