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Are you looking for a light company with no deposit? You are certainly not alone. Many Texas residents find themselves in a pinch where they need electricity immediately, either in their current homes or when they are transitioning homes, but don’t have the potentially hundreds of dollars to pay a deposit upfront or are still trying to improve their bad credit. Whatever your circumstances, Payless Power is here to ensure that you will have the energy necessary to support your life and home instantly with no deposit electricity plans. Learn more about how you can get the energy you need from Payless Power, ranked as one of the best Texas light companies offering no deposit plans that can save you up to 20 percent on your energy costs.
Just as the name suggests, no deposit electricity is a feature of an electric plan in which customers are not charged the traditional upfront cost —a fee that could be several hundred dollars to receive electric service. No deposit electricity plans are commonly a component of prepaid electricity, where consumers provide an initial amount for energy and consume until they have met the limit of that initial payment.
Though not offered by all electric companies, certain Texas no deposit electricity providers require that customers meet certain qualifications in order to receive no deposit electricity and a prepaid plan. Requirements may include how successful customers are in keeping up with required payments, how long ago individuals signed up for service, and the frequency of late payments made if any. At Payless Power, however, everyone is instantly approved for a no deposit, prepaid electricity plan regardless of their past credit or payment history.
BENEFITS OF A NO DEPOSIT ELECTRIC PLAN
In offering no deposit electricity plans, certain electric companies do not require credit checks in order to approve customers for their service. This option takes away a possible barrier to getting energy, and ensures consumers, no matter their payment history, are qualified to receive electricity and can get instant access to energy almost immediately after signing up. The lengthy credit approval process is removed from the necessary steps of getting your lights turned on.
With a no deposit electricity plan, instead of having to provide an initial deposit, customers have the opportunity to pick what they pay, offering flexibility and freeing people from the burden of a large lump-sum payment 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.
The standard deposit required for electricity can be expensive simply for the ability to turn on the lights and other electricity. In the case of no deposit electricity, consumers are able to forgo that expense and still get energy to their homes. The initial payment goes toward electricity costs. This puts money back into customers’ pockets, allowing them to focus on paying for the electric service they receive every month instead of paying cumbersome set-up fees that don’t pay for actual energy costs.
When applying for utilities like water, gas or electricity, companies often perform credit checks to view a potential customer’s payment history and service worthiness. If customers are deemed qualified for service, the deposit is meant to provide the electric company the amount they may need in the event that consumers are unable to pay for electric service.
Texas no deposit electricity providers can incentivize the requirement of consumers having to pay a deposit by associating conditions with getting their money back. Most often this involves demonstrating responsibility by making payments on time for a set period. Forcing consumers to do this helps them create the habit of paying their electricity bill in a timely fashion each month.
Prices and fees vary from company to company and are a key strategy for competing in the energy industry. With a deposit, electricity companies can differentiate themselves and undercut competitors in an effort to draw in new customers and also poach energy users from other energy companies. The more advantageous a deposit fee seems, the more likely Texas electricity providers are trying to use it in order to drive business.
As a solution to high fees and burdensome end-of-the-month bills, companies like Payless Power offer no deposit, pay-as-you-go plans to provide an affordable solution for Texas energy customers. There are many reasons for a less-than-perfect credit score. And while you might not boast a stellar credit rating, it doesn’t have to limit your ability to secure basic needs, such as lights and electricity, that most other Americans enjoy. Bad credit won’t keep you from finding an energy plan with daily, weekly or monthly payment models open to numerous customizations.
Get Approved Instantly
If you’re looking for a flexible and convenient no deposit electricity plan, a no credit check plan is right up your alley. The no-strings-attached plans mean no extra fees, contracts or excessive penalties. Your money is secure, and only the amount you use is what you are charged. 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 no deposit 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.
It’s easy to find a no deposit electricity plan with Payless Power by simply entering your zip code to discover a plan that fits your needs. You can also receive same-day connection, as long as the home is equipped with a smart meter (which includes a majority of Texas homes). Your stress level from moving to a new address and setting up your lights and electricity just reduced substantially. Now you can focus on unpacking, instead of waiting for the power company to connect your lights or worrying about how you’ll pay the hefty deposit.
Operating since 2005, Payless Power has been hailed as the best light company that provides no deposit, prepaid electric service in the state. We are a Texas company who cares about Texans. What makes us the best?
Our customers can choose either a fixed-rate or variable payment plan that fits your lifestyle and budget. Then, you can pay easily online with a credit card or by moneygram, money order or check. Knowing your energy use and your account balance puts the power back in the customers’ hands. Find your plan today.
See why our power customers say we're the best electricity provider in Texas!
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…
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…
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.
Payless Power wants to be your Texas electric company.
Whether you live in a large city or small town, we can save you money with pay as you go electricity! Where do we provide Texas electricity? We service customers with no deposit electricity in more than 400 deregulated communities in Texas. We work with principal utilities throughout the state of Texas to provide prepaid electricity. The utilities are: Oncor in the Dallas / Fort Worth Metroplex and various parts of West Texas; CenterPoint Energy in Houston and the surrounding areas; AEP Central in Corpus Christi and surrounding areas; AEP North in Abilene and other North Texas communities.