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TBBroadband

join:2012-10-26
Fremont, OH
Reviews:
·AT&T U-Verse
·MegaPath
reply to rody_44

Re: Why do they want my social security number?

not totally. prepaid means no deposit. meaning you pay in advanced for services. that deposit only ensures that if you do not pay your services, they keep what ever you owe them and then return what you do not. pre-paid services you don't get a refund.


rody_44
Premium
join:2004-02-20
Quakertown, PA
Reviews:
·Comcast

4 edits

No you only get the first month even with a credit check. After the first month everyone is paying for the next month of service. Comcast use to let people get as much as 2 months out without paying. Its like 15 days now. because they bill in advance and let you get to 45 days means They are shutting you off at 15 days now even tho its 45 days late. When you get your cable bill its for the next month of service not the last. The security deposit essentially means its pre paid. cable has always been based on your paying for the next month of service and not the last. If you do or dont pay the security deposit your first bill is going to be for the time between then and the first bill plus the second month. Payable on that bill. Not really pre paid but not much different .


TBBroadband

join:2012-10-26
Fremont, OH
Reviews:
·AT&T U-Verse
·MegaPath

You can try and spin that a deposit means prepaid all you want. But that is not a deposit. You do not understand the word deposit and prepayment or paid upfront.

If it was paid UP FRONT then it would NOT be a deposit. In fact they would tell you that it was paid up front. A deposit means you're putting money into THEIR ACCOUNT which becomes their's if you default on your bill and or not returning equipment. If you are paid in full and leave you would get that back. That is a deposit.

And yes cable has always been one month in advance expect for PPV/on-demand services.

And yes it is different. You are again, claiming that deposit is a prepayment when in fact it is not.



ROCINANTE
Original Member 007
Premium
join:1999-06-29
Hartsdale, NY

said by TBBroadband:

You can try and spin that a deposit means prepaid all you want. But that is not a deposit. You do not understand the word deposit and prepayment or paid upfront.

If it was paid UP FRONT then it would NOT be a deposit. In fact they would tell you that it was paid up front. A deposit means you're putting money into THEIR ACCOUNT which becomes their's if you default on your bill and or not returning equipment. If you are paid in full and leave you would get that back. That is a deposit.

And yes cable has always been one month in advance expect for PPV/on-demand services.

And yes it is different. You are again, claiming that deposit is a prepayment when in fact it is not.

Correct. From an accounting perspective, the deposit does go into the company's cash flow for its own use, but it is not considered income (a prepayment) for which the company has to pay taxes. In other words, the company owes this money back to the customer.
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CRUNCH THIS!

rody_44
Premium
join:2004-02-20
Quakertown, PA

Comcast bills a month in advance you are always billed for the next months service not for the last.