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Verizon Paid Collection - Continue to Fight or Throw in the Towel?

Valued Member

Verizon Paid Collection - Continue to Fight or Throw in the Towel?

Long story short: I had a $93 paid collection with Verizon Wireless in 2013. Not disputing that - it's accurate. Sincere goodwill letters at the time failed to remove the item from my credit reports, and I eventually gave up.

 

Now it's four years later (2017) and my FICO score has recovered to 732. I should be happy, right? Except that my FICO score used to be 805 before the paid collection. It just bothers me that my FICO score is still hurting from a four-year old $93 item.

 

Should I leave well enough alone, or should I make one more try for a goodwill removal? As time goes on my FICO score will gradually improve and in another 3 years the paid collection should drop off my credit reports altogether. Nevertheless, I want my FICO score to be the best that it can be.

Message 1 of 11
10 REPLIES
Member

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?

Somewhere on this board I read of a goodwill letter technique that has had success with stubborn creditors. I'd keep trying even if they say no, I don't have time to search for the goodwill link. Good luck and I'm interested how it goes.
Message 2 of 11
Highlighted
Moderator

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?


BulldogX wrote:

Long story short: I had a $93 paid collection with Verizon Wireless in 2013. Not disputing that - it's accurate. Sincere goodwill letters at the time failed to remove the item from my credit reports, and I eventually gave up.

 

Now it's four years later (2017) and my FICO score has recovered to 732. I should be happy, right? Except that my FICO score used to be 805 before the paid collection. It just bothers me that my FICO score is still hurting from a four-year old $93 item.

 

Should I leave well enough alone, or should I make one more try for a goodwill removal? As time goes on my FICO score will gradually improve and in another 3 years the paid collection should drop off my credit reports altogether. Nevertheless, I want my FICO score to be the best that it can be.


With COs and Collections if they are not updating and they then update it looks like it just happened in the eyes of Fico, as it ages back from last report date your Fico will again begin to rise. You keep trying to get a GW deletion from them put them on a regular schedule.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 3 of 11
Valued Member

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?

I'm sorry but I don't understand your reply.

 

"With COs and Collections if they are not updating and they then update it looks like it just happened in the eyes of Fico, as it ages back from last report date ... "

 

I'm not trying to update my paid collection; I'm trying to have it removed altogether.

 

 

"You keep trying to get a GW deletion from them put them on a regular schedule."

 

I don't know what 'put them on a regular schedule' means. But it seems that you feel that I should continue asking for a goodwill deletion, even four years after this item was originally placed on my credit reports - is that correct?

Message 4 of 11
Senior Contributor

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?


BulldogX wrote:

I'm sorry but I don't understand your reply.

 

"With COs and Collections if they are not updating and they then update it looks like it just happened in the eyes of Fico, as it ages back from last report date ... "

 

I'm not trying to update my paid collection; I'm trying to have it removed altogether.

 

 

"You keep trying to get a GW deletion from them put them on a regular schedule."

 

I don't know what 'put them on a regular schedule' means. But it seems that you feel that I should continue asking for a goodwill deletion, even four years after this item was originally placed on my credit reports - is that correct?


Don't worry about it. Yours is paid and that statement does not apply to your situation...

 

Never give up and throw in the towel. Stay the course and continue trying goodwill. Send one to each of the board of directors begging for a goodwill adjustment. Then start back with the CEO.

NFCU Platinum $7300- AMEX BCP $9000- PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- Care Credit $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 12/9/17** EX- 756(16) TU- 775(15) EQ- 742(15) UTI 8%- Clean Files
Message 5 of 11
Moderator

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?


BulldogX wrote:

I'm sorry but I don't understand your reply.

 

"With COs and Collections if they are not updating and they then update it looks like it just happened in the eyes of Fico, as it ages back from last report date ... "

 

I'm not trying to update my paid collection; I'm trying to have it removed altogether.

 

 

"You keep trying to get a GW deletion from them put them on a regular schedule."

 

I don't know what 'put them on a regular schedule' means. But it seems that you feel that I should continue asking for a goodwill deletion, even four years after this item was originally placed on my credit reports - is that correct?


Yes you send a letter every so often asking for the GW. No more than once a month, the older something gets the better the odds of granting the request.

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne
Message 6 of 11
Senior Contributor

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?

Send a goodwill letter to upper management every month or so. And rotate the higher ups you already sent to. Another words, you should send a GW letter to someone within the organization monthly.

NFCU Platinum $7300- AMEX BCP $9000- PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- Care Credit $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 12/9/17** EX- 756(16) TU- 775(15) EQ- 742(15) UTI 8%- Clean Files
Message 7 of 11
Valued Member

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?

Okay, I'll give it a try. Thanks.

Message 8 of 11
Senior Contributor

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?


BulldogX wrote:

Okay, I'll give it a try. Thanks.


Keep your chin up. Good luck.

NFCU Platinum $7300- AMEX BCP $9000- PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- Care Credit $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 12/9/17** EX- 756(16) TU- 775(15) EQ- 742(15) UTI 8%- Clean Files
Message 9 of 11
Member

Re: Verizon Paid Collection - Continue to Fight or Throw in the Towel?

Message 10 of 11