Utility Deposits are Outrageous!
SubscribeMy girlfriend has been looking for a place for a month now and they finally found the right place. They go to give the security deposit and then find out that the electricity deposit is $630!! WTF. It's a teeny duplex in Delaware, that seems a bit out of line. If it was a larger single family home then that would be understandable. When I rented my 2 bedroom townhouse in socal (with a roommate) the deposit for electricity was only $300...
I know they usually charge money depending on your credit and/or 2x the previous tenants highest bill, but she was on the phone and the lady said it didn't have anything to do with credit. Do they ever let you pay off the deposit in payments or will it have to be all at once?
I know they usually charge money depending on your credit and/or 2x the previous tenants highest bill, but she was on the phone and the lady said it didn't have anything to do with credit. Do they ever let you pay off the deposit in payments or will it have to be all at once?
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stogie1020
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Wow, that seems steep...
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poor credit FTL
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that is a crazy high deposit...credit score much?
we had to pay $150 deposit and they spread it out over a 3month span on top of our monthly bills.
we had to pay $150 deposit and they spread it out over a 3month span on top of our monthly bills.
Suzuka Master
I have never even heard of this except in cases where people had previously stiffed the utility company. Is this common practice now?
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Most will give deposit back after the first year.
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stogie1020
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Go off the grid. Stick it to the man.
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That does seem high but then again I have never paid a deposit so I really have no idea
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I never had to do any sort of deposit on electricity. Just a simple $300 deposit for an apartment 

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stogie1020
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Tell them you have a solar panel and would like to make your deposit in kilowatts.
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1.21 gigawatts
Wtf? Thats crazy. Comed never asked for a security deposit or our socials to run credit....
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Quote:
Originally Posted by Ken1997TL
1.21 gigawatts

Now they owe ME a deposit!
I don't know why it would be so high either, her credit isn't even bad either. I guess they're just charging everyone a lot now...
We should just tell them to shove it and build a giant windmill lol.
We should just tell them to shove it and build a giant windmill lol.
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stogie1020
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Did she get one back from the place she is leaving?
Also, ask to speak to a supervisor and be cool about it. A lot of this stuff can be "negotiated". Joke around with them a little. Worst thing that happens is you end up having to pay it anyway...
Also, ask to speak to a supervisor and be cool about it. A lot of this stuff can be "negotiated". Joke around with them a little. Worst thing that happens is you end up having to pay it anyway...
Instructor
Just bought my first house...to get the lights turned on.$375. They said the base it off the last years.of previous owners bills. I put new double pained storm windows all new reinforced floors all new energy efficient appliances and the light bulbs....well see how expensie it is now...goof luck bc they looooove to suck u dry!
!! That's crazy! I bought my house almost 2 years ago and my deposit for the electric bill was $170. I got it credited to my account after the first year. They told me part of it was that I was a first time customer.
PG&E (gas) charged me a $100 deposit, got that back after a year too.fsttyms1
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I have never seen a deposit for Electricity.
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They had it at my college, but I don't have one at my current house.Originally Posted by fsttyms1
I have never seen a deposit for Electricity.
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That's totally inappropriate. It's lewd, vesivius, salacious, outrageous!
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Quote:
Originally Posted by doopstr
That's totally inappropriate. It's lewd, vesivius, salacious, outrageous!
Jackie ChilesSenior Moderator
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Damn, that's crazy! Never had a deposit for any of our homes. We did have one for the business ($1k), but that got paid back after a year...
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Quote:
Originally Posted by fsttyms1
I have never seen a deposit for Electricity.
Quote:
Originally Posted by chill_dog
Never had to pay a deposit for any utility. $630 is insane!
is this common? i never heard of this...





Do they wait for you to rack up $630 worth of unpaid electric bills before they turn your power off?