Real Estate

Texas Electric Service No Deposit

Some electricity providers offer some alternative ways for low-credit or no-credit Texas energy consumers to have their electric service turned on without having to fork out the equivalent of 1 month’s rent for many of these Texas electricity customers. You’ll hear three different options when it comes to low-deposit or no-deposit electric service. These options are postpaid, no guaranteed deposit, and prepaid electric service. Postpaid energy service is what most people have. You are simply billed for the electricity service you used the previous month and you pay that amount. The problem is, if you have bad credit, most electric companies in Texas will want a deposit.

Postpaid electric service is the ideal situation because you are billed for your use after you have used it and you pay on the designated expiration date. This gives you time to read your bill and study how much energy you have used. Then you can pay your bill online or by mail and maybe work on using less next month. Postpaid electric service plans are generally cheaper than prepaid electric service. Many available postpaid plans are flat rates. These rates have been set for an electricity price of 6 months, 1 year or 2 years. When you subscribe to a flat rate, you know exactly what you will be charged for electric service each month because the price does not change. The problem with trying to get a fixed rate on a postpaid service is that most providers will need a deposit if you have no credit or just bad credit. Many consumers have to skip this option because the amount of the deposit is far above what they can afford.

There is another option for Texas electricity service called prepaid electricity. This type of service requires the Texas electricity provider to go to your home or apartment premises and install its own meter. This electricity meter allows you to pay for your electric service in advance. The main problem with prepaid electricity service in Texas is that many customers have complained that their electric service was cut off prematurely due to a delay in prepaying their service. The Texas government requires Texas electric companies to give the energy consumer a fair warning before turning off their electric service, but many consumers have complained that this is not the case. The PUCT is supposed to fine power companies for breaking the rules, but many consumers do not present the appropriate evidence to show the state that the Texas power company is not following consumer protection laws. It is up to the consumer who was harmed to call the Texas Public Utilities Commission and explain what the Texas power company has done to them so that the state takes appropriate action.

The final option for Texas electric service for low income or no credit customers is the no guaranteed deposit option. For those Texas energy consumers who have had their credit affected by some late payments or a credit card that was canceled, there is still an option for them. The No Guaranteed Deposit option requires the Texas energy consumer to have a valid credit card. As long as there is a valid credit card available, there is a second chance for someone who needs to turn on Texas electric service right away without having to worry about how they are going to get $ 200- $ 1000 for a deposit. The way the no deposit plan works is that the consuming country gets a slightly higher electric service rate for the first 3 months they are with the no deposit Texas electric company. After the customer has paid on time for the first 3 months, the electric company will proactively lower the price of energy to the lowest available electric rate they offer in Texas. This gives the customer with no credit or bad credit a second chance to reestablish themselves as a responsible customer who pays their bill on time. Instead of penalizing the customer for their mistakes in the past, this company rewards the customer as long as they pay their bill on time for the first 3 months.

When choosing between postpaid, prepaid, and no guaranteed deposit electricity service in Texas, there are just a few things to consider. The decision is a no-brainer for most people in bad credit or no credit because most people want the least headache possible with their energy company and at the same time have the opportunity to sign up for an affordable energy service. Prepaid electricity is not the right option for most people because the rate is usually much higher than other power companies and the track record of these power companies prematurely shutting down electrical service is quite high. Postpaid electric service is not an option for most bad credit risk customers because they would have to make a very large deposit just to have electric service turn on on their behalf. Texas Electricity Service No Guaranteed Deposit becomes the best option for someone looking to register and order electric service on their behalf and avoid the high deposit scenario entirely. Electricity service comes on quickly, and the headaches associated with buying from an electricity supplier that doesn’t charge a deposit are over. Texas electricity service without a deposit is considered postpaid electricity but without the need for a deposit. For most bad credit or no credit customers in Texas, this represents the best possible option until their credit improves. Since a valid credit card is required, some bad credit customers who don’t have a credit card need to sign up for a prepaid electric service plan because there are no other options, so if the customer’s credit is bad, they don’t have a card credit and cannot afford to pay a deposit.