What to do with this?

[ms_pammy]

A few weeks ago I received a bill from a CA for a verizon bill...that I was probably going to send a DV letter too, however the other day I checkd my Credit report and verizon is now listing it...Im a bit confussed as Verizon has listed the bill but the CA that sent me a bill did not. This bill was not on my report last time I checked it in November. Below is what is posted on my CR.

So what do you all think would be the best way to handle this...If at all possible I need to get it off my report as we are going to trying to get financed for a home loan in the next few months. Im not sure if I deal with Verizon or the CA and if I use DV, Nutcase, goodwill, or pay for delete.

All info and advise appreciated.

Installment Accounts: Accounts comprised of fixed terms with regular payments VERIZON

TransUnion Experian Equifax

Account #: XXX XXX XXX

Condition: Derogatory Derogatory Derogatory

Balance: $158 $158 $158

Type: Utility company Unknown - credit extension, review, or collection

Pay Status: Collection/Chargeoff Collection/Chargeoff Late 120 Days

Thanks so much

Pam

[thomassl]

A few weeks ago I received a bill from a CA for a verizon bill...that I was probably going to send a DV letter too, however the other day I checkd my Credit report and verizon is now listing it...Im a bit confussed as Verizon has listed the bill but the CA that sent me a bill did not. This bill was not on my report last time I checked it in November. Below is what is posted on my CR.

So what do you all think would be the best way to handle this...If at all possible I need to get it off my report as we are going to trying to get financed for a home loan in the next few months. Im not sure if I deal with Verizon or the CA and if I use DV, Nutcase, goodwill, or pay for delete.

All info and advise appreciated.

Installment Accounts: Accounts comprised of fixed terms with regular payments VERIZON

TransUnion Experian Equifax

Account #: XXX XXX XXX

Condition: Derogatory Derogatory Derogatory

Balance: $158 $158 $158

Type: Utility company Unknown - credit extension, review, or collection

Pay Status: Collection/Chargeoff Collection/Chargeoff Late 120 Days

Thanks so much

Pam

I'm not completely sure but it appears that the original creditor received the debt back. Sometimes when the collection agency isn't successful, they return it to the creditor. If the debt was purchased by the collection agency or debt debt buyer the tradeline for the original creditor's balance should read "0". As you probably have read, a charge off is an accounting time. They can still come after for the debt. Since you are planning on refinancing a home, I would contact verizon and arrange for "pay for delete". Make sure you do this in writing and don't send any money until you get written confirmation they are willing to do this. The forum has sample letters you can research on this.

[VonAngel (aka EarthAngel)]

This is quite common when an OC hires (not sells to) a CA to collect for them. Verizon pays to report their accounts (both positive & negative in some states) to the CRAs. (Alltel is another carrier that reports its own debts.) Don't be so sure that Verizon has recalled the debt from the CA. DV the CA anyway to protect your rights. While you're waiting for their response, contact Verizon directly to see if you can negotiate a PFD.

[ms_pammy]

I dont know if this makes a difference...but I noticed on my CR that this bill is not listed under "collection accounts" but under "Instalment accounts." Do you think this makes a difference on how to handle it?

Thanks again

Pam

[fiestyangel1]

A few weeks ago I received a bill from a CA for a verizon bill...that I was probably going to send a DV letter too, however the other day I checkd my Credit report and verizon is now listing it...Im a bit confussed as Verizon has listed the bill but the CA that sent me a bill did not. This bill was not on my report last time I checked it in November. Below is what is posted on my CR.

So what do you all think would be the best way to handle this...If at all possible I need to get it off my report as we are going to trying to get financed for a home loan in the next few months. Im not sure if I deal with Verizon or the CA and if I use DV, Nutcase, goodwill, or pay for delete.

All info and advise appreciated.

Installment Accounts: Accounts comprised of fixed terms with regular payments VERIZON

TransUnion Experian Equifax

Account #: XXX XXX XXX

Condition: Derogatory Derogatory Derogatory

Balance: $158 $158 $158

Type: Utility company Unknown - credit extension, review, or collection

Pay Status: Collection/Chargeoff Collection/Chargeoff Late 120 Days

Thanks so much

Pam

ms pammy,

I just had a very similar thing happen to me w/ Ver. although I don't know if it's on my CR or not -YET.(check the thread DV question about 15 yr old debt- in Collections-that's mine) and the advice I rec'd was to DV. I'm sending out the letter today-CMRRR.

Also, is this debt yours? Definitely DV them and keep in mind SOL's.

Hope this helps you.

good luck,

fiestyangel1

[ms_pammy]

I had dv'ed them (verizon Florida) and received a letter stating that since they are the original creditor they dont have too...well today I pulled my credit report and Verizon is still on there, however it is all good..under paid or paying....

So now Im wondering should I pay it? and hope it dont come back or just ignore it and hope it dont come back. From what I understand verizon only reports bad accounts...so if I sneak in a payment maybe it will stay away...or maybe I will awake someone!! Any suggestion?

Thanks so much