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Old 09-25-2010, 09:54 AM   #13 (permalink)
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Join Date: Nov 2008
Model: 7803e
Carrier: Verizon
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Originally Posted by devnull View Post
Why do you need a security deposit?
Verizon requires $400 (as well as AT&T), for not having any existing credit. This $400 is returned after 12 months of service. For AT&T, I believe its after the contract is over (2 years). This $400 sits in an escrow account, and is not put towards anything (bill, phone, etc), so I would still have to pay the price of the phone and the bills.

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