11-05-2010 08:43 PM
Anyone ever have any luck with getting Verizon to remove a trade line? I disconnected from Verizon about 3 years ago and received an ETF. I setup a payment plan with VZW to pay on teh balance but for whatever reason, the payments never came through. Me, being irresponsible, let it go until one day collections called me. I settled for 55% of the balance if I remember correctly. I moved to ATT and now back to Verizon so I thought I'd call and try to get it removed. I explained to their collections department about the reason my account went into collections in hopes for a Goodwill but no go. The hit shows up on my MyFico TU report but does not have a "negative indicator" flag. Does this mean its not affecting my credit? If so, whats the point of it being on there?
11-05-2010 09:29 PM
FICO scores individual delinquencies in your credit file, and not "red flag indictors" you see in a commercial credit report.
If the derog or delinquency was reported to the CRA, and is thus showing in your CR, FICO is scoring it.
"Negative indicator flags" are not a formal part of your credit file. They are an interpretation of a derog by whomever produced your consumer CR.