That is how they determine whether to charge you a deposit. In a sense, they are trusting you will pay for the electricity you use in advance of paying. Hence, they are extending credit to you until you pay for the usage.
Why does the Electric Company have to check your credit in order for you to have an account with them?
Because a lot of people don%26#039;t pay their electric bills. If you have bad credit you better have someone move in with you with good credit or you will have to start living like the Amish do.
Why does the Electric Company have to check your credit in order for you to have an account with them?
They want to make sure you will pay your bill, and that you don%26#039;t have any outstanding accounts that are not paid for.
Why does the Electric Company have to check your credit in order for you to have an account with them?
Because you customarily pay for electricity AFTER you%26#039;ve used it, not before. If you can%26#039;t pay, they can hardly %26quot;repossess%26quot; it, can they?!
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