The Reason for Electricity Deposits in Texas
Why do electric companies run your credit?
Energy providers want to limit their liability when taking on new customers, and they do this by performing credit checks to analyze the risk involved.
If you have a bad credit score, they will sometimes waive the deposit required. However, if you have a low credit score or a history of unpaid bills, they will probably charge a larger up-front deposit. This way, if you default on payments or are late, they are sure they have a portion of the money.
Keep in mind most deposits are refundable and will be returned once your contract expires as long as you do not owe the provider any money or late payments.
Quick Electricity – No Deposit Needed
Have you been asked to pay a huge deposit for electricity? There are a couple of electricity companies in Texas that do not run your credit, including us. Instead of wasting your time with a credit check, you pay a small amount upfront and refill your account as needed. Prepaid electricity is the best option for Texans who simply can’t afford a utility deposit.
Register with Quick Electricity today. Pay only $40 with no deposit.
No Deposit Electricity Rates
Electricity companies that don’t require a deposit have stiff competition so they aim to keep their kWh rates as low as possible. And since the customer pays in advance, there aren’t any hidden fees or surprise bills.
With no-deposit electricity, you receive a daily statement that gives detailed account information including an estimate of how long your money will last before a recharge is needed.
A daily electricity statement will save you money by allowing you to more closely monitor your usage and conserve energy.
Texas Electricity Plans with Zero Down
Deposit-free energy plans require you to pay $40 that will directly fund your electricity, but do not require any large security deposits or additional money down.
Kilowatt rates can be slightly higher than a traditional electricity plan, because the light company has to factor in market rates and customer liability. However, prepaid energy plans make you more aware of your electricity usage and can save you a great deal of money in the long run.
Same Day Electricity With No Deposit
No deposit electricity plans offer versatility and can be extremely beneficial for frequent movers, roommate situations, and people with credit problems.
At Quick Electricity you don’t need much to get the power turned on. Since there’s no credit check, we don’t ask for your social security or driver’s license numbers. If you have $40 and a Texas address, you are instantly approved for electric utilities.
Our Promise: Cheap Electricity, Without a Deposit
Electricity companies that don’t require a deposit are available across Texas, and to best serve you, we service the Dallas-Fort Worth metro area, Houston, and over 400 locations in the state.
With Quick Electricity you can be confident you are getting the lowest rates from the best light companies, and you are guaranteed to find a provider that fits you perfectly.