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Verizon Wireless


akins503
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I am having trouble removing Verizon Wireless from my reports. I sent them a letter disputing what they are reporting and asking for proof of what they are reporting. They sent me a letter on their letterhead stating the account was mine with the balance, phone number, and account no. I called them and asked if it were to be paid in full would they mark the tradeline as a positive. She indicated they would mark it as CO paid in full. My question is would it be worth paying if it is still marked CO.

Thanks

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A CO, CA are negative regardless of the status of the accounts. Paid as agreed, paid, etc. It is worth paying if you need to pay it. Remember that someone reviewing your credit for new credit approval would rather see a paid CO than an unpaid one. How old is the account?

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A CO, CA are negative regardless of the status of the accounts. Paid as agreed, paid, etc. It is worth paying if you need to pay it. Remember that someone reviewing your credit for new credit approval would rather see a paid CO than an unpaid one. How old is the account?

The account is 5yrs old.

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I would NOT pay it. It's just as bad paid as it is not paid, unless you are trying to get a mortgage or something. Even for new credit other than mortgage it's not that bad with the age of the account.

That is what I thought-just wanted a second opinion.

Thanks

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They sent me a letter on their letterhead stating the account was mine with the balance, phone number, and account no.

I am no expert, but I would not consider this account verified. I was under the impression they had to give you statements, invoices, contracts...they can not just type something up and say you owe them money...I could be wrong though.

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My 2 cents - I agree with bigjohn above. not to pay it off. After 7 years because of no activity, I will propably drop off.

I work with different credit reports, I have seen on old collection accounts from 12 years in the past. When it came time to drop off - the company updates the information, and it stays on the report for another 7 years.

It's mostly a small amount - it would cost Verizon more to keep on updating bad debt - so again, it's proably going to drop off....

My $00.02

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True- a 12 year old account that has been "updated" as you say, is worth big money. Read the FCRA:

15USC1681c (a) Information excluded from consumer reports. Except as authorized under subsection (B) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:

<snip>

(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.

<snip>

© Running of reporting period.

(1) In general. The 7-year period referred to in paragraphs (4) and (6)(2) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.

So you see, reaging is a violation of the FCRA. A company that does that gets to write me a big check.

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Hey I have a question!

I have CA reporting a debt that would be due to come off this year. It was an apt. building I was in and I broke the lease after 22 days to join the military. Well last yr I disputed things and everything caem back verified, but on my TU report it came back verified and due to stay on record unitl 2012. Ok my question is this account went into default in Dec 2000, isn't that CA reporting this wrong?

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I am surprised that Verizon has not referred this charge off to a CA.

About 3 years is about the time they sell it to a JDB...and I have been dealing with those creeps for 2 years now. At least in my case, the CA reported to two of the CRA's and reported in the name of the OC on the 3rd. When I disputed with the CRA, it came back verified by the CA!

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I am surprised that Verizon has not referred this charge off to a CA.

About 3 years is about the time they sell it to a JDB...and I have been dealing with those creeps for 2 years now. At least in my case, the CA reported to two of the CRA's and reported in the name of the OC on the 3rd. When I disputed with the CRA, it came back verified by the CA!

I've had mine for 4 years and they never transferred my account to a CO...:?

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Hey I have a question!

I have CA reporting a debt that would be due to come off this year. It was an apt. building I was in and I broke the lease after 22 days to join the military. Well last yr I disputed things and everything caem back verified, but on my TU report it came back verified and due to stay on record unitl 2012. Ok my question is this account went into default in Dec 2000, isn't that CA reporting this wrong?

Read Dive's post above.

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Hey I have a question!

I have CA reporting a debt that would be due to come off this year. It was an apt. building I was in and I broke the lease after 22 days to join the military. Well last yr I disputed things and everything caem back verified, but on my TU report it came back verified and due to stay on record unitl 2012. Ok my question is this account went into default in Dec 2000, isn't that CA reporting this wrong?

You might want to look into this also.

Several states have laws which allow military members to break their leases in the event they must move due to military orders. In those states which do not have such laws, it is important that the active duty member ensure his/her lease contains a "military clause," (see example at end of article) which allows the member to terminate the lease in the event he/she must move due to military orders. Most bases require service members to have leases approved by the local military housing office. One of the reasons for this is to ensure that the lease contains an acceptable "military clause."

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