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Valued Contributor
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012

Verizon "Current Status" as 120 day late -but its PIF

My Verizon account on EQ shows the following (its the only account that I have that is still reporting as late but its PIF)

 

Verizon WIreless/South

Account Number

Account Type: Open Account

Balance: $0.00

Date Opened: 7/1/07

Account Status: Open    (Shouldn't it be closed?)

Past Due: (Left blank)

Payment Status: At least 120 days or more than four payments past due (On other reports it says "Paid, was a collection account or paid after charge off/collection"  (Shouldn't EQ report this as "Paid?" Also, is it ok for them to say it was prior collection in payment status?)

High Balance: $109.00

Limit: Blank

Terms: Blank

Comments: Paid Collection

 

My questions are in orange/reddish text.  Basically, shouldn't the account be reported as closed? Shouldn't account payment status be paid? And finally, is it ok to put payment status as "was prior collection?"  I'm wondering if this still reporting as a delinquent account is hurting my EQ score.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 688 TU 727 EX 704 CK 696 (FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Moderator
Shogun
Posts: 10,956
Registered: ‎04-15-2011

Re: Verizon "Current Status" as 120 day late -but its PIF

Agreed.   It should be marked as paid/closed.  Yes it can say paid collection.


Starting Score: 504

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

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Moderator
LIGHTNIN
Posts: 4,030
Registered: ‎03-24-2008

Re: Verizon "Current Status" as 120 day late -but its PIF

[ Edited ]

Payment Status means how the payments were paid over the history of the account. ( over the last 7  years).

 

So, if you did have a 120 day late or more then 4 lates, then it's reporting correctly.

 

Send a GW letter, ask if the lates can be removed.

 

ETA...yes it's hurting your score.   90 hurts more then 30/60, 120 days hurts more then 90.

 

 

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Moderator
Shogun
Posts: 10,956
Registered: ‎04-15-2011

Re: Verizon "Current Status" as 120 day late -but its PIF

Since this is the OC that is posting I would say yes, they can have that status.   Start the GW process and see what happens.

 


Starting Score: 504

Current 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

Going for Wade64's RUDY Spade!
Valued Contributor
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012

Re: Verizon "Current Status" as 120 day late -but its PIF

Ive gone through about  5 GW letters.  Each one gets rejected.  This is ridiculous for such a small debt.



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 688 TU 727 EX 704 CK 696 (FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge

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