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Does Paying Electric Bills Build Credit?

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While there are plenty of ways to improve your credit score, such as having a timely payment history with loans and credit cards, paying your electric bills on time won’t positively affect your credit score in a meaningful way. Utility bills are not routinely reported to credit bureaus like loan and credit card payments. In fact, utility bills only appear on your credit report if they are not paid on time. Thus, while paying your utility bills on time will help you avoid electricity disconnection from your electric provider, it does not help you build credit. If you have a poor credit score and are having trouble getting approved for a traditional postpaid electricity plan because you can’t pass the credit check, it may be time to look into prepaid electricity plans. No deposit and no credit check prepaid electricity plans from Payless Power ensure that you will have the energy necessary to power your home instantly. Read below to learn more about how you can get a prepaid electricity plan without a good credit score.

Prepaid Electricity Plans: An Electric Solution for a Poor Credit Score

There can be so many reasons for a less-than-perfect credit score. You might not be able to boast a stellar credit score, and this, in turn, might inhibit you from availing the basic needs as many other Americans do. Well, while such guarantees can’t be provided for other services, you might be lucky when it comes to your electricity needs. Texas electricity providers have addressed the problem of consumer’s having bad credit scores by coming up with different no deposit and no credit check plans. These electricity plans are based on daily, weekly or monthly payment models and are open to all sorts of customizations. Certain Texas electricity providers require that customers meet certain qualifications in order to receive a prepaid electricity plan, such as how successful customers are in making utility payments on time,  how long ago individuals signed up for service, and the frequency of late utility payments made, if any. At Payless Power, everyone is instantly approved for a prepaid electricity plan regardless of their payment history or credit score. Read below for how people with poor credit scores can benefit from a  prepaid electricity plan.

No Credit Check Electricity

Certain electricity companies do not require checking credit scores in order to approve customers for their service. Taking credit scores out of the equation removes a possible barrier to getting energy and ensures consumers that no matter their payment history, they are qualified to receive electricity and can get instant access to energy almost immediately after signing up.

Pay As You Go

With prepaid electricity plans, instead of having to provide an initial fee, customers can have the opportunity to pick what they pay, offering flexibility with utility payments and freeing people from the load of paying a large lump sum at the end of the month. With the option to pay as you go in increments, consumers can maximize their energy use while also being mindful of their consumption, minimizing the total cost of electricity.

No Deposit Necessary

The standard deposit required for electricity can be a high cost just for the ability to receive energy. In the case of many prepaid electricity plans, consumers are able to forgo that expense and still get energy to their homes. This puts money back into customers’ pockets, allowing them to focus on paying for the electric service they receive every month instead of just getting service from an electric company in the first place.

Get Approved Instantly No Matter Your Credit Score

If you are looking for a flexible and convenient energy plan, a no credit check plan is right up your alley. There are no strings attached to the costs and no extra fees, contracts or penalties. Your money is secure and only the amount you use is what you are charged on your bill. Moreover, there are several plans for daily use which allow you to limit your usage based on your budget and expense limit. This is the most no-nonsense way to approach your electricity needs while remaining secure and keeping a hold of your money. The best part is that they do not expect anything more out of you and will not ask you to prove anything else. Get approved instantly and get exactly what you need.

Get Approved for Prepaid Electricity Regardless of Your Credit Score Today!

While paying your utility bill on time will not help you build credit, making payments on time is a good habit to build for improving your credit score in general. Remember, if you do struggle with paying your utility bills on time, you can be reported to credit bureaus, which will negatively affect your credit score. However, if you do have a poor credit score, you can still get the electricity critical to your daily needs by signing up for a no deposit, no credit check  prepaid electricity plan. Get instantly approved for prepaid electricity regardless of your credit score today!

What our customers are saying

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Affordable and easy to make payments

I was worried about getting electricity for my home through a prepaid company. I was calling around to see different rates then going through all the hassle of credit checks while dropping points each…

Christine M. in Killeen

Happy Customer

I have been with this company for several years and have been very happy since. Even when I moved, they made my usually stressful situation very easy and carefree. I recommend them to everyone that I…

Julia L. in Webster

Long term customer

I have enjoyed the service for 2 years now. In the beginning this service was planned to be temporary but with the service being so effective for me i decided to keep it for the long haul. I’m a happy customer.

Kalandra H. in McKinney