Verizon and Confused!?!

[Anonymous]

Well, I thought I had a Verizon collection as they have been calling and they are reporting on my reports. Broke down and bought fico scores from this site and it shows the account as "open account" . Fico says I have 0 collections???? It says I have never been 30,60 or 90 days late....but says balance of 327 is over 120 days late???

So should I pay this quickly before Verizon realises how they are reporting?
Why does it say open account?
How can i be 120 days late, but never 30,60 or 90¿
Will paying in full make it show me as current?

Thank you.

[Anonymous]

I assumed it was collection and wasn't going to pay until I PFD'd my heart out. I do want to pay it....but I don't want it reporting as a collection paid or unpaid.

[Anonymous]

Could anyone please give me an opinion or idea? A hint? An inkling of advice please? I would like to clear this up asap.

[llecs]

Many use the word "collection" to describe both collection agencies and charge-offs. In terms of reporting and FICO scoring, it isn't a collection, but a CO. That's why you see "0" in that field. If you look within the TL itself, you will likely see a CO notation.

COs like utilities and telecoms won't mark you late 30 or 60+ days. They only report once it becomes CO'd. And you certainly wouldn't want them to update their reporting to include those lates.

It hurts. I'd send a PFD (it'll take many). Paying in full will not make it any more favorable per FICO scoring. It is impossible to get that TL to report as a positive. "Open" refers to the collection status, as in "open collection". Your account is closed, but they are actively engaged in collections on it. Getting them to report as closed won't do anything.

[Anonymous]

It says collection account in comments. Nothing about CO. I was hoping it was some sort of anomaly. But why do my reports say I have no derogs or collections?

[llecs]

If you look at your FICO report, and turn to the Credit At-A-Glance page (around 4-5 pages into the report), it'll give a summary. If you have no CAs reporting, then it should read "0" for collections. But at the top right, it'll say something like "Total Past Due". Your Verizon Balance should be in there. And to the right of that it'll say "accounts with negative indicators" or something like that, and it should have Verizion tallied in there. For more info, go to your Accounts summary page (lists all of your accounts on one page). There's a column showing a red flag. There should be a red flag next to Verizon pointing out that it is viewed as a negative.

[Anonymous]

That's just the thing. It says my total past due on summary page is 0. I wish I could screengrab, cause It would show you. No negative or derog items and 0 total past due.

[llecs]

Look within the TL itself....is there a "dispute" comment?

[Anonymous]

I just saddled up and paid it. To heck with all this worry. Its my last baddy. I feel accomplished as i sent a GW email to BOA and TL was gone in a week.