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Old 12-02-2008, 01:49 PM
 
Location: Raleigh
67 posts, read 237,467 times
Reputation: 46

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I got mine back with no problem after a year WITH INTEREST =) I recently got mine back. I put down a deposit with Time Warner even before Progress and I haven't seen what my deposit looks like yet. Let's hope I get it. But you definitely get it back with progress with interest.
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Old 12-02-2008, 01:59 PM
 
Location: Efland
1,878 posts, read 3,314,361 times
Reputation: 829
It's all based on credit. Some are more lenient than others. Years ago when I was younger and the first time to ever put electricity in my name I had to put a $100 deposit (didn't have enough credit). But just over a year ago when TWC turned over to doing credit checks I didn't have to put a deposit down. The worse your credit is the riskier you are so therefore you will have a higher deposit. Especially in times like these.
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Old 12-02-2008, 09:13 PM
 
739 posts, read 2,507,014 times
Reputation: 366
We moved 15 months ago from NJ and we had to put down 200. Then we moved within NC and when I inquired about my deposit being credited to my account they said I was late for 1 payment within the year and now they have to keep it another full year. They said we can only recieve it back with interest if we have no late payments for the entire year.

TWC did not require a deposit. And the gas company didn't require a deposit.
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Old 12-03-2008, 09:28 PM
 
129 posts, read 373,956 times
Reputation: 112
When we moved here last year, we were asked to give a $150 deposit for electric . Our credit was good, but we had a house in Florida that we were selling and I think the fact that we had another home and paying electric on two homes may have prompted them to ask for a deposit. If one pays on time for one year, the deposit is refunded with interest. We did get it back one year later on time...They do base it on credit. They do a credit check on prospective clients. Good luck!
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Old 10-27-2009, 09:17 AM
 
1 posts, read 6,603 times
Reputation: 13
whether or not you have to pay a deposit IS based on credit, but the AMOUNT you have to pay is not based on credit or square footage. it is based on the average monthly bill at the location times two. so if the average bill at the apartment was $175 then yes, the deposit would be $350. i know because i used to work there and dealt with this all the time. also, you don't simply get the deposit back after a year, you get it back after 12 consecutive months of on time payments. hope this helps.
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Old 10-27-2009, 09:37 AM
 
Location: Beautiful Raleigh, NC
525 posts, read 1,855,039 times
Reputation: 371
Quote:
Originally Posted by MammaLakn View Post
If you have good credit and agree to a credit check, they will waive the deposit. Progress, PSNC and Town of Cary all waived the deposit requirement when I set up our accounts in January. Two of them did credit checks, the other (I think T.O.C.) was satisfied with a ct refence from a previous utility company. Our last electric bill in MA had a note thanking us for being such a good customer and offered to serve as a reference. A copy of the bill was good enough to establish new ct.
We had the same experience moving to Raleigh from California. Our credit was checked and deposit waived. Ironically, the library wanted me to bring in a utility bill or proof of residence to get a library card and I think we took a closing statement or something to the DMV.
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Old 10-27-2009, 02:00 PM
 
6,370 posts, read 10,463,289 times
Reputation: 4119
This thread is a year old.
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Old 05-11-2013, 09:29 AM
 
2 posts, read 2,838 times
Reputation: 10
I think it is just because they can and they have very little competition. They do NOT go by your credit. We were going to put it in my boyfriends name because he has practically perfect credit. They told me that it was based off of the last 12 months of usage doubled. So...I had to pay a 495 dollar deposit. Even though since I've been there for 4 months my electric bill has never been more than 40 dollars a month. So in all actuality I had to pay them a deposit equal to a years worth of service.
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Old 05-11-2013, 09:48 AM
 
Location: Finally in NC
1,032 posts, read 761,326 times
Reputation: 714
I moved here last July and didnt have to pay a deposit, but I did for the water, which was credited to my account in 6 months
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Old 05-11-2013, 07:48 PM
 
6,370 posts, read 10,463,289 times
Reputation: 4119
Quote:
Originally Posted by enchantress954 View Post
I think it is just because they can and they have very little competition. They do NOT go by your credit. We were going to put it in my boyfriends name because he has practically perfect credit. They told me that it was based off of the last 12 months of usage doubled. So...I had to pay a 495 dollar deposit. Even though since I've been there for 4 months my electric bill has never been more than 40 dollars a month. So in all actuality I had to pay them a deposit equal to a years worth of service.
A lot of new credit cards will give you $100 for spending $500. Should've opened up an account, put the deposit down with that card and gotten a free $100...
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