No Deposit Required Houston Electric Provider

The Dilemma of No Established Credit

Many in Texas have found themselves faced with a problem when moving into their first apartment. Take for instance a recent high school graduate that has no credit because they have yet to apply for a credit card or any other form of credit. They have just been hired by their first employer and have been their a few months and are one of the successful employees that the company has. They have received a couple of promotions and are making a fairly good salary. The only problem is that the employee still lives at their parents house. They desperately want to move out to achieve for the first time complete independence. Their parents help them move into their first apartment by cosigning the lease agreement. The student then goes to apply for utilities under their own name to be able to have some form of credit by having a utility in their own name. The Houston electric provider comes back asking for a $500 deposit just to tun on electric service at their first apartment. All of a sudden the dream of moving into their first apartment hits a road block. The student doesn’t have $500 for a deposit for an electric company. OK so we understand the young independent worker has no established credit but they do have a good job and they are responsible so why should they be punished? There is an answer to this dilemma and we will answer that and more below.

Most Houston Electric Companies Have not Created an Answer for This Issue

The margin in the electric providers electricity service rate is quite thin. One of the main points an electric company considers when selling their electric service to residential customers is what credit score threshold they will use to pass a customer on credit with no deposit. Below a certain score the deposit amount increases and they do this to insure they make money when selling electricity service in Houston rather then lose money. Obviously it makes sense that an electric company would want to make money so the deposit requirement isn’t completely evil. The worse the score the worse the deposit amount for Houston electric service. A Houston energy company by the name of Bounce Energy once had  an electric rate product for people who find themselves in a credit crunch like this. The electric rate product was called the “Fresh Start Plan” but it is no longer available. Since there is no longer a no deposit electricity plan available in Houston that we recommend we encourage you to compare and try out several traditional electricity companies in Houston until one passes you on credit and offers you a low or no deposit option.

You may go to Texas Affordable Energy to check on current residential