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December 26, 2008, Newsletter Issue #145: Getting Your Credit Checked For Utilities
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Tip of the Week
Even the utility companies want to make sure you have good credit before they let you get your phone, electricity or gas hooked up in your name. Once they get you set up they want to make sure you will make your monthly payments on time as required. So, just like in many other cases, your payment history is reviewed from your credit report. They also look to see if you have any major negative items on the report. Things like a collections item from another utility company in your past can be a big red flag. While you could be denied access to the utility, it is also possible that they could require you to pay a large deposit before it can be hooked up in your name.
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