Hello everyone. I have a number of questions today.
1. I have an account in collections from PINNACLE CREDIT SERVICES L. The account was the worst financial mistake I have ever made. I opened an "unlimited" wireless internet account for college with Verizon Wireless. I was told over and over again by the seller its worth going for the unlimited account so I don't have to worry about overages. Well I got slapped with a 5,000 bill from overages in 2008 (downloading music movies, and games). On my Equifax report it states the open date as 08/2010 and also on Transunion ( I do not have my experian report to reference). On my equifax report the date the first major deliquency was reported states 10/2010. Further down it states date of first delinquency 04/2008 (which sounds very correct to the date I opened it). I learned from reading this forum it is illegal for them to keep an old account on your report for more than 7 years. I am aware of the chance of getting a 1099-C when that time comes as well. I am worried that since the date opened states 08/2010 that's the date they are going to use for the SOL. Can anyone please help me with this conflict?
2. Within the next month I should have enough money to PIF or hopefully PFD an account in collections from an ambulance ride (OC is City of Sacramento Fire) I got in 2012. The CA is Fin CR Network and the amount is 1,344. Since it is recent I am thinking PFD might be better than PIF. Any advice on which is the better option and also any advice on how to properly negotiate an account in collections (especially without admitting receiveing the service I'm a bad liar) would be greatly appreciated?
Once I climb up those two hills its just two small accounts left in collections 
@Anonymous wrote:Hello everyone. I have a number of questions today.
1. I have an account in collections from PINNACLE CREDIT SERVICES L. The account was the worst financial mistake I have ever made. I opened an "unlimited" wireless internet account for college with Verizon Wireless. I was told over and over again by the seller its worth going for the unlimited account so I don't have to worry about overages. Well I got slapped with a 5,000 bill from overages in 2008 (downloading music movies, and games). On my Equifax report it states the open date as 08/2010 and also on Transunion ( I do not have my experian report to reference). On my equifax report the date the first major deliquency was reported states 10/2010. Further down it states date of first delinquency 04/2008 (which sounds very correct to the date I opened it). I learned from reading this forum it is illegal for them to keep an old account on your report for more than 7 years. I am aware of the chance of getting a 1099-C when that time comes as well. I am worried that since the date opened states 08/2010 that's the date they are going to use for the SOL. Can anyone please help me with this conflict?
2. Within the next month I should have enough money to PIF or hopefully PFD an account in collections from an ambulance ride (OC is City of Sacramento Fire) I got in 2012. The CA is Fin CR Network and the amount is 1,344. Since it is recent I am thinking PFD might be better than PIF. Any advice on which is the better option and also any advice on how to properly negotiate an account in collections (especially without admitting receiveing the service I'm a bad liar) would be greatly appreciated?
Once I climb up those two hills its just two small accounts left in collections
On the Verizon one - I think the 'date opened' of 08/2010 probably just refers to the date it was assigned to (or bought by) Pinnacle. What matters is the drop off date. What is the drop off date?
Always ask for PFD before paying - worst they can do is say no.
@Anonymous wrote:
I don't see one on my Equifax report but on TU it says the estimated date is 03/2015.
Transunion will remove something as early as six months, fyi