Having less-than-perfect credit can make it challenging for energy providers to serve you. Most of them require a deposit or ask you to participate in a credit check before offering you their services.
Then, you may find that the upfront payment or deposit is no small amount. That’s why many people who don’t have great credit are choosing no deposit plans. With them, at least, you can find a top electricity provider that offers competitive rates.
Here are some things you need to know, including where to get a no deposit plan.
One step you should take first, is to determine if you are in a deregulated area. If you live in Texas, you can view the Texas Energy Deregulation Map to find out if your area is deregulated.
It is a simple map designed to make it a breeze for residents in Texas to identify deregulated areas in their state. You can also find energy plans and electricity rate details for your area on the same site. The most important thing, however, is to find out if you are in a deregulated area so you know if seeking a no-deposit plan is possible in the first place.
No deposit energy takes away the hefty deposits individuals with less than perfect credit scores have to make before they can get electricity. That’s a help for those who may be experiencing financial downtimes. They can have access to power without breaking their bank.
It is similar to buying groceries before eating them. With no deposit energy, you only pay for what you use. Plus, there is no ID, or credit check. Your only tasks are to create an account and fund it.
After depositing money into your account, you can start using the funds to pay your electricity bills in real-time. You also do not have to initiate any payment when the month ends. Furthermore, everyone gets approved with no deposit energy plans.
There are diverse ways to know if a suitable, no deposit energy plan is right for you. One is to consider your consumption and energy needs. Your energy choices on Prepaid Lights offer service in as little as two hours. You will also find a variety of plans, such as the Free Weekends and 2-Months Free plans that feature discounts or promotions to help you save money.
Another way you can determine which energy plan is right for you is to check the electricity rate. You can compare the prices of different providers in your area and settle for the lowest. You can also consider a provider with a more flexible rate and payment option.
Everyone wants to spend less money and save more. You can save enough and use funds from your savings to embark on other meaningful projects. So, if you live in a deregulated area in Texas, you should take advantage of the benefits a no deposit plan has to offer. You get to pay-as-you-go and find an energy plan that works with your lifestyle without waiting for a hefty bill to be delivered at the end of every month.
Disclaimer: © May 2020 PayGO Distributors, LLC. This is an advertisement for prepaid electric service from PayGO Distributors, LLC., an independent energy sales organization. Energy services are provided by Young Energy, LLC DBA Payless Power REP#10110 and Brooklet Energy Distribution, LLC DBAs Acacia Energy, Snap Energy Latino, and Now Power REP#10137. There is a minimum required payment to establish a connection. Call for more information on minimum required payments, balances, and specific terms of service and promotional details. Utility fees may also apply and may increase the total amount that you pay. Offers subject to termination or change without notice. Se habla Español.
* Rates quoted are at 2,000 kWh per the Electricity Facts Label for Oncor. Please check EFL for your effective rate.
** Order must be placed online before 4pm CST. Meter must not be subject to a switch hold.
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