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Moderator
Shogun
Posts: 12,859
Registered: ‎04-15-2011

Re: Verizon collection help (again).

Send the PFD by snail mail first, then try a couple PFDs up the ladder.  


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Member
CGriswald309B
Posts: 10
Registered: ‎01-24-2013

Re: Verizon collection help (again).

Hmmm...snai mail may be a bit tricky since I'm living in Thailand.

 

Will this adversely affect my credit the longer it stays on?

 

Specifically, will having it on there for 3 or 4 months whilst trying to get it removed bring my credit down even further?

 

If so, I will probably just pay it off.

 

As alwyas, thanks a bunch!

Moderator
Shogun
Posts: 12,859
Registered: ‎04-15-2011

Re: Verizon collection help (again).

No, actually as it ages it hurts your score less.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
New Member
CGriswald309B
Posts: 10
Registered: ‎01-24-2013

Re: Verizon collection help (again).

@Shogun

 

If I don't pay if off and it ages my score gets better.

 

But, if if pay it off now and it is still there will it get better faster?

 

The reason I'm concerned is that I may be moving back to the US in July. If I do I will need to buy a car.

 

Thanks again!

Moderator
Shogun
Posts: 12,859
Registered: ‎04-15-2011

Re: Verizon collection help (again).

From a scoring point of view, it does no good to pay the debt.  Unless it is from the OC and is a debt that is factoring into your util, the paid/unpaid doesn't matter to scoring, they are looked at the same.  A PFD would be the best route, it would remove the TL entirely.  


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

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