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Millions of Americans have a less than perfect credit score, and many have a credit score that is low enough for electric companies to require them to make a deposit before receiving service. If you are in this situation, Vault Electricity can connect you with providers that offer no deposit, no credit check electricity, regardless of your credit score and the type of service plan you need.
No Deposit Electricity
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In our challenging economic climate, Texans are increasingly finding that their credit scores have dropped due to unforeseen issues on the job front. Consequently, many electric companies are asking for huge upfront deposits to be paid before electricity is activated.
Thankfully, there is a way to get the lights turned on quickly, without having to pay hundreds of dollars in deposit: Our free service presents you with options for choosing electric companies that offer no deposit electricity in Texas. In addition to requiring no deposit, these companies offer you a highly competitive rate in hopes of making you a new customer.
Three Options For Getting No Deposit Electricity
In the past, having bad credit meant you had to pay a large deposit to get the electricity turned on. There were no other options. The deposits were large, and they were held hostage until you moved or changed providers.
Luckily, times have changed and there are now several no deposit electricity options.
If you think you may have bad credit, follow these steps when choosing a new electricity plan:
Option 1: Choose A Traditional electricity plan from any electric provider.
Type your zip code into the search bar at the top of the page. Choose an electricity plan from the list that offers the best rate and attempt to enroll in it. This will take you less than 5 minutes. If you get accepted without having to pay a deposit, great! But if you are asked to pay a deposit, you can move on to Option 2.
Option 2: Traditional plan from a provider with lower credit requirements.
Try enrolling with an electricity provider that has lower credit requirements, such as TXU. You can find TXU plans listed right here on this site by entering your zip code above. Because TXU has such a huge base of customers, their overall customer credit risk is diminished, so they tend to accept lower credit scores.
Option 3: Prepaid electricity plan.
The third option is going with a prepaid “pay as you go” electricity plan. These plans work just like a debit card or a prepaid cell phone. There is no credit check and no deposit. You simply create an account and add money to it. You then use the money in that account to pay for your electricity in real-time, instead of paying at the end of the month.
To hear your prepaid options including New Customer Bonuses, call 855-564-1181
It’s that easy! As you can see, it only takes a few minutes to get electricity without paying a deposit.
By following the steps above. You can enjoy no deposit electricity.
| City | Electricity Rate | No Deposit Electricity Promotion |
|---|---|---|
| Abilene | 13.2¢ | Click to Save 20% |
| Arlington | 11.9¢ | Click to Save 20% |
| Corpus Christi | 13.5¢ | Click to Save 20% |
| Dallas | 11.9¢ | Click to Save 20% |
| Fort Worth | 11.9¢ | Click to Save 20% |
| Houston | 12.9¢ | Click to Save 20% |
| Killeen | 11.9¢ | Click to Save 20% |
| Laredo | 13.5¢ | Click to Save 20% |
| McAllen | 13.5¢ | Click to Save 20% |
| Temple | 11.9¢ | Click to Save 20% |
| Tyler | 11.9¢ | Click to Save 20% |
| Irving | 11.9¢ | Click to Save 20% |
| Sugerland | 12.9¢ | Click to Save 20% |
| Rio Grand Valley | 13.5¢ | Click to Save 20% |
| Beaumont | 12.9¢ | Click to Save 20% |
Residential and Commercial No Deposit Electicity
Vault Electricity helps homeowners and businesses find cheap, no deposit electricity in Texas that is offered on a service plan that meets their specific needs. For no deposit residential electricity, please call us at 855-564-1181. For no deposit commercial electricity, please call 214-446-2210. Contact us today to discuss your residential or commercial electricity needs.
Frequently Asked Questions
Do you need a deposit for electricity?Most Texas electric companies require a deposit if your credit score doesn’t meet certain thresholds or if you haven’t yet established a credit record. If you have good credit you can easily get no deposit electricity. If you don’t you will most likely have to pay a deposit unless you select a prepaid electricity plan.
Do all energy companies do credit checks?Not all energy companies perform credit checks, but most do. The credit check is used to determine if a deposit will be required in order to turn on your power. Companies that specialize in prepaid electricity plans typically do no credit checks.
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Are there any electric companies without a deposit?All Texas electric companies offer electricity without a deposit if you have good credit. But if your credit isn’t perfect you will probably be asked to pay a deposit unless you find a good prepaid electricity plan.
How much is an electricity deposit?For an apartment, your electricity deposit can be as low as $0. For a large house, the deposit can be $500 or sometimes more. Each light company sets their own deposit requirements. Even if you have bad credit, you can get electricity with no deposit in Texas.
Do you get your electricity deposit back?Assuming you pay your bill, you can expect to get your electricity deposit returned to you.
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Does TXU require a deposit?If you have good credit, TXU Energy will not require a deposit to start your electric service. Most electric companies including TXU will, however, require a deposit if you have blemishes on your credit or you don’t have an established credit history.
How much is an electricity deposit for an apartment?The electricity deposit for an apartment in Texas will typically be around $150 unless you have good credit. You can get electricity with no deposit in Houston or anywhere else in Texas, even if you have bad credit.
I paid a deposit over a year ago, but my credit has improved since then. How can I get my deposit back?The electric company will keep holding your deposit until you switch to a different electricity provider and pay your final bill in full. With that in mind, you can try to sign up with a new provider to see if you meet their credit requirements. If you do pass credit, then make the switch to the new provider. Once you pay your final bill with the old electric company, they will send you a check for your entire deposit amount. As always, make sure you are no longer under contract with your current provider before attempting to switch.
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