Hi, When I moved fdrom one place to another , I forgot to cancel my verizon phone connection. Due to which there is a Key Deliquency in my Credit report for 59 USD. When i saw the mnetion in the credit report , I immediately made the payment of the defalt money to verizon. How much will it impact or improve my Credit History and how long does it take verizon to report it to the creidt bureau's abt the payment made. regards Anurag
It should show up as paid on your credit report within a month, I think most companies report monthly.
How it will affect your score depends on a lot of factors. What kind of account is it? Do you have many other TLs on your CR? Do have a good payment history on other TLs? For example if it's a collection account and you don't have many TLs on your CR, it will affect your score more than if it's a just a late payment and you have a lot of other TL's in good standing.
If this was your only missed/late payment with Verizon, try to GW letter. Look at the example in Tuscani's GW example thread and see if Verizon is kind enough to remove that late mark from your reports. Doesn't hurt to try.
Why didn't you ask for a PDF? I had theM pop up on my credit credit 6 months after the fact and never once did they bill me. Getting them to remove the account from my CR was effortless. Try GW and calling. Argue that you never knew you had a balance.
I think the way Verizon does things with "late accounts" is very misleading.
In my case, since our phone bills are usually pretty small amounts ($50-$75), I would let several months' worth of phone bills add up before I would send them an online payment. Well, what they say they did was close my acct that had a balance of $169, and open up another acct in my name. So when I logged onto their website, it would look like our acct was in good standing with no outstanding balance due ,,,,, it seemed really fishy they way they did that. If it were not for me checking my CR, I might not have ever realized this info. I will use a PFD letter, but if need be, I will threaten to write our State Attorney and have him investigate their practice of closing and then opening accounts.
I AM IN THE SAME EXACT SITUATION WITH VERIZON............THEY RECONNECTED MY PHONE UNDER A NEW ACCOUNT NUMBER........WHEN I GOT MY NEXT BILL IT SHOWED A PREVIOUS BAL. OF ZERO............PLUS THE CURR. AMOUNT..........NO MENTIONING OF ANY OUTSTANDING BAL. FROM OLD ACCOUNT.........SAME TEL. NUMBER N ALL........THEN IT SHOWS UP ON TU , EX UNDER GTE SOUTHWEST COLLECTION............TO WHICH THERES NOT EVEN A # TO CALL.........
I had service with them in 2004 and we requested that the phone be shut off in August prepairing for move the end of Sept. of 2004 we moved out Oct 1 of 2004 and then we pulled our CR and they were on mine for 267.62 as a collection. Come to find out they did not cut the phone off til Feb of 2005 and even admitted they messed up and that the request for turn off was in their system dated in August of 2004
I'm working right now on writing a PFD letter. I don't disagree that I probably owe that small amount (of course, my letter will have that disclaimer that my letter does admit the debt!), so I'm willing to pay to get the TL's off my CR. I'm thinking that I might use some GW letter terminology, such as "I have a couple of retail stores that each use multiple phone lines and have been a long-time customer."
I'll let you'all know how things work out with Verizon.