Why do I have to pay a Prepayment?

Prepayment is dependent on a soft credit inquiry. We do a check on your credit to find out if you need to make a prepayment. This soft credit inquiry does not lower your credit score. Once this process happens, we know if a prepayment is necessary or not. This is applied to your future bill. For example, if you have a prepayment of $100, that $100 will be used to pay $100 worth of your most recent bills. Simple as that! To recap, this is NOT a deposit, rather a prepayment based on a credit inquiry. .