I'm a newbie and I'm working to make my credit good!! Why does it seem like I could have used this information in 1997 when I was a freshman in college and being offered a shiny new mastercard!!
I'm wondering if anyone has some advice/input about the following:
I have a verizon wireless account that was opened in 2002 - it was paid in Sept 2003, but on my reports it is showing as an "account" with a $0 balance, but it says charged off bad debt. Does this mean they do not have my payment on record? Also, because it was so long ago, how does the newer cell phone regulations affect this account? Has anyone had any luck with gw letters with verizon?
I also have two collection accounts, should I send gw letters to the CA or the actual company?
I feel like I'm on that commercial where the guy looks at his credit report and drives off in a blue beat up car!! 
Thanks all - I've been reading your posts and I can't wait to learn what you all have learned!!
alikat425 wrote:
I'm a newbie and I'm working to make my credit good!! Why does it seem like I could have used this information in 1997 when I was a freshman in college and being offered a shiny new mastercard!!I'm wondering if anyone has some advice/input about the following:I have a verizon wireless account that was opened in 2002 - it was paid in Sept 2003, but on my reports it is showing as an "account" with a $0 balance, but it says charged off bad debt. Does this mean they do not have my payment on record? Also, because it was so long ago, how does the newer cell phone regulations affect this account? Has anyone had any luck with gw letters with verizon?I also have two collection accounts, should I send gw letters to the CA or the actual company?I feel like I'm on that commercial where the guy looks at his credit report and drives off in a blue beat up car!!Thanks all - I've been reading your posts and I can't wait to learn what you all have learned!!
Hi alikat425 welcome to the forum! The Verizon debt is past federal SOL.....they can't sue you & win!
If it shows charged off/bad debe with a Bal $0 usually means that it was sold to a CA
You really need everything in writting BUT.....I would call Verizon and see what they say.....tell them that you paid all your bills & just found that on you CR........you need to know if they sold the account.
IF they own it you can send a PFD to them!!! If they sold it then you need to DV the CA CMRRR
Now for other collections your state SOL is in play.
( also have two collection accounts, should I send gw letters to the CA or the actual company?)
GW goes to whoever you paid.
They really do need to start courses on how to handle credit.....and they should start in high school and continue in collage
