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Posts: 6
Registered: ‎11-02-2010
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removing hit from Verizon Wireless ETF that went into collections

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?

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Epic Contributor
Posts: 29,741
Registered: ‎03-19-2007
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Re: removing hit from Verizon Wireless ETF that went into collections

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.

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