A Security Deposit is Required Your Order will remain Pending until Required Deposit is Paid
Your application has been reviewed and based on the review of your Telecom, Utilities, and Cable (TEC) Model score, we will require a one-time security deposit of before your account becomes active. You will be required to pay this security deposit after you confirm your order.
Your deposit may be eligible for a waiver if you meet any of the following conditions:
Letter of Credit from your current Retail Electric Provider (REP) Over 65 years old age (You must currently have service in your name and not be delinquent with your current provider.) A Victim of Family Violence
If you meet any of these conditions, please call our Customer Service Center at 1-888-625-6760 – Mon-Fri 8 am-5 pm; EST for eligibility and details or you may email any of the above documents to email@example.com along with your account number and a telephone number where we can reach you for any questions. A customer service agent will review eligibility and complete the order.
If you believe the deposit decision is in error, or you would like us to reevaluate our decision, please contact our Customer Service Center at 1-888-625-6760 – Mon-Fri 8 am-5 pm
Your order will remain in a pending status until the deposit is paid. If you are ready to confirm your account and pay your deposit, please click on continue.
If you choose to do a move-in and are paying by bank draft, your move-in date could be delayed 4 extra days in order to allow your deposit to be processed.
Our credit decision was based in part on information obtained in a report from the consumer reporting agency listed below. The reporting agency played no part in our decision and is unable to supply specific reasons why we have taken the action described above.
What is a credit report? A credit report is a record of your credit history. It includes information about whether you pay your bills on time and how much you owe to creditors.
How did Verde use your credit report? Verde used information from your credit report to set the terms of credit we are offering you, such as the deposit. The terms offered to you may be less favorable than the terms offered to consumers who have better credit histories.
What if there are mistakes in your credit report? You have a right to dispute any inaccurate information in your credit report. If you find mistakes on your credit report, contact Experian, which is the consumer reporting agency from which we obtained your credit report. It is a good idea to check your credit report to make sure the information is accurate.
How can you obtain a copy of your credit report? Under federal law, you have the right to obtain a copy of your credit report without charge for 60 days after you receive this notice. To obtain your free report, contact Experian:
By telephone: Call toll-free: 888-Experian By mail: Mail your written request to:
Experian Consumer Relations 701 Experian Parkway P.O. Box 2002 Allen, TX 75013.
On the web: Visit www.Experian.com
How can you get more information about credit reports? For more information about credit reports and your rights under federal law, visit the Federal Reserve Board’s website at www.federalreserve.gov, or the Federal Trade Commission’s website at www.ftc.gov Alternative Methods of Qualification: Per PUC requirements, Verde also provides alternative methods of qualifying with satisfactory credit in lieu of a deposit:
- 65 years of age or older (and not currently delinquent on any electric account)
- Victim of family violence
- Medically Indigent
- Letter of Credit from the previous electric provider