Drudai wrote:Actually, Member, our local electric company *does* run your credit for a first time customer. Don't know where they draw the line, but if your credit isn't to their liking, they make you pay a deposit. They're nice enough to divide it up into your first 2/3 billing cycles, but it's still painful.
My local power company, WE energies, does the same thing. They also report your monthly bill and payments as an "installment" account, which I tried to explain to them is bogus it's month to month not an installment. They thought they were just doing the greatest favor in the world to me reporting that, saying well you have perfect history it should HELP your credit, but it reports as an installment and so it looks like I'm carrying more fixed debt than I am and they don't "get" that. I gave up trying to tell them it's not reporting it, it's HOW they are reporting it that's bad.
I do think if they could charge you in advance, they would. I also think in 20 years that they WILL charge you a set amount in advance, and then adjust your "real" bill based on usage, for your safety and security and protection against terrorists of course.