How to Keep Your Lights on with a Utility Deferred Payment Agreement

If you are finding it difficult to pay your utility bills because of the increasing energy costs, because you have lost your job, or because you are having financial difficulties and are facing a termination of your utility services, then this article may be able to help you. One of the options that the utility company must offer you before they terminate your utility service is a deferred payment agreement. This agreement can keep the power and heat on in your home while you are experiencing financial difficulties. However, to protect yourself from unfair business practices by your utility company, you will need to understand what a deferred payment agreement is, what fair terms are, and what alternatives are available to you before you enter into this type of agreement.

How to Qualify for a Deferred Payment Agreement

To qualify for a deferred payment agreement your financial situation will be examined. You will probably be asked by your utility company to provide support for your claims of hardship including financial documents, income statements, medical bills, etc. If it is determined that you are experiencing financial hardship then a deferred payment agreement will be offered to you. However, if you are unable to prove your need, alternative solutions may be suggested at the utility company’s discretion.

Terms of a Deferred Payment Agreement