IPhone 4 CDMA Switch to Prepaid

I own an iPhone 4 CDMA from Verizon since.. well a while now. My contract ends in a couple of months and I need to save more money. I can no longer afford spending $90 a month for a phone bill. I'm wondering if I would be able to switch this phone to prepaid. Has anyone tried doing this?

It's not possible. Verizon doesn't offer prepaid service for iPhones. An iPhone 4 is a CDMA only phone and can't be used on any of the carriers that do offer prepaid service for iPhones.

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