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Question about T-Mobile and iPhones?

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- Currently use a factory unlocked AT&T iphone 5 on the T-Mobile carrier
- Planning to switch to either a T-Mobile Samsung S4 or 5S soon

My question is, if I decide to switch to another phone in the future AFTER getting one of those two, how does it work? Can I sell it off and the new owner will be responsible for the remaining balance on that phone? OR will the balance remain on my account?

I hope this makes sense. Thanks for any help.

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