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Question:

Question about power company bill?

I used to have my own apartment and paid the power bill I had a 400 dollar balance from it since forever. I have lived with a roomate who's name the bill has been in since. I want to move out and was wondering if I will have trouble getting the power for the new apartment turned on with a pass due balance or will they just tack it on when i start new service?

Answer:

The power company likely has sold the old debt to a collection agency and it remains on your credit report. But you the memory of your past debt will be remembered and will require you to pay a deposit with the power company to receive service. This is not such a bad deal because they power company will pay you interest on your deposit at a higher rate than your could find with a certificate of deposit at a bank now a days. So be prepared to send in and extra $300 when you request service.

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