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Verizon is showing as a revolving account on the credit report and I am wondering if that is the correct area where it should be listed. Apparently it is a collection item from when I transitioned from Verizon to AT&T and I thought that AT&T was settling the balance. It's only $166 and I will pay them off as soon as I figure out who to call to get that done.
Yes, its common for them to be classified as revolving. Its considered in the revolving category because the balance and payment may vary from month to month.