Clay Electric Credit Score
Your Clay Electric credit score is determined by a credit check at account connection and if you have any credit events while receiving service. When you make your payments on time, you maintain your perfect score. If you don’t, your credit rating with Clay Electric will be negatively impacted.
If your credit score reaches 120 points, you may be billed an additional deposit. Deposits range from $15.00 to $50.00 per month depending on how much your deposit needs to be increased to equal two months average bill or $250.00, whichever is greater.
Residential deposits are automatically credited to the account after 12 months of service with a good credit rating (0-25 points).
By knowing what the rules are, you can keep your credit in good standing.
|Credit Event||Credit Points||
Length of time points are on your credit score
|Unfavorable credit check when account is opened||60||12 months|
|Late payment and you have a zero - 59 credit score||35||2 months|
|Delinquent - 10 days past due||25||12 months|
|Delinquent - 25 days past due||25||12 months|
|Disconnected for Non-Payment||25||12 months|
|Returned Payment||25||12 months|