topic Fraud Department in General Credit Topics

Credit Topic PLEASE PLEASE PLEASE HELP ME

Anonymous — Fri, 05 Jul 2019 07:57:33 GMT

Hey my name’s rich & I’ve been a victim to a scam where i was told that i could take out multiple iPhones worth 1200$ each under my name, they’ll sell the phones & pay me for it, they also told me that it won’t effect my credit score, something about they changed the number ports so it won’t effect it so i went for it, even tho they paid for the down payments. I still received a bill from both Verizon & AT&T under my name & i believe my credit is on its way down the dump, I’m 19 & my credit score is 695 but i have 2 more weeks until the bills are due & each of them is about 350$. I don’t have 700$ to hold them off & i believe I’m actually almost 4000$ in debt with both companies combined. I need help with what i need to do to protect myself from this harm so my credit score won’t get ruined

Re: Credit Topic PLEASE PLEASE PLEASE HELP ME

AverageJoesCredit — Fri, 05 Jul 2019 14:22:15 GMT

Dont do or be part of get rich quick scams. Dont use your credit to make someone else money and keep your info away from people who have no need for it. Unfortunately, if you owe these companies, its you who will pay the consequences not those scammers. Why else do you think they want to use your credit. Good luck i hope you learn from this .

Re: Credit Topic PLEASE PLEASE PLEASE HELP ME

Physh1 — Fri, 05 Jul 2019 14:41:49 GMT

That is a scam known as 'phone credit muling'. You're in a bad spot...as you've signed contracts with multiple cell providers & you cannot cancel those contracts without returning the phones. You're legally on the hook for everything...I'm guessing you were already in a hard spot financially as you wouldn't have resorted to this if you weren't. You should google the term I mentioned above...I'm not going to research it for you BUT I can tell you you're not in for an easy time here...

Re: Credit Topic PLEASE PLEASE PLEASE HELP ME

Brian_Earl_Spilner — Fri, 05 Jul 2019 14:57:47 GMT

Unfortunately, the only way out is to pay off the phones and cancel service, including ETFs. If you let them charge off, it will do a number on your credit. Also, cell phone providers aren't known to Goodwill anything later down the road and if you ever need service from them, they'll have this on file.

Only thing I could recommend would be to find out how much it would be to close those accounts and try to get a personal loan to cover them while your credit is still decent. You'll end up with a loan, but the issue will be handled. Then, contact an attorney about legal action against the scammers.

Late Payments

Anonymous — Fri, 05 Jul 2019 15:26:40 GMT

How badly can 2 late phone bill payments affect your credit score, how many points it will drop ?

Re: Late Payments

pinkandgrey — Fri, 05 Jul 2019 15:36:00 GMT

Phone bill? Unless it goes to collections, I don’t think it will affect your credit score at all.

Re: Late Payments

jamie123 — Fri, 05 Jul 2019 16:09:22 GMT

@Anonymous wrote:
How badly can 2 late phone bill payments affect your credit score, how many points it will drop ?

Are you seeing them on your credit report or did you just pay them late?

If you see them on your credit report you will lose a lot of points but everyone's score is different. I would imagine that 2 lates on a report could cost you about 60 points.

If you just paid them late but not over 30 days late, they won't affect your scores.

Typically you won't see late phone payments on your reports unless they go into collections.

Re: Late Payments

Shooting-For-800 — Fri, 05 Jul 2019 16:08:23 GMT

If you are current now, it will not affect you.

Once your account is written off and in collections, they may report it to your credit reports.

If you were late then paid then late then paid, you are fine.

I would not make a habit of it.

Re: Credit Topic PLEASE PLEASE PLEASE HELP ME

Shooting-For-800 — Fri, 05 Jul 2019 16:15:53 GMT

You need to explain to both carriers and that you really messed up and set up a payment plan.

Obviously, cancel the phone numbers so you are not paying for cell phone plans on top of this.

You have to pay, period.

If you know the people that took advantage, file a small claims lawsuit.

Do not do anything like this, loan friends money you need back, cosign for anyone other, or anything similar until you are wealthy enough to not worry about money.

GL!

Re: Late Payments

Anonymous — Fri, 05 Jul 2019 17:05:58 GMT

I haven’t paid them yet, they aren’t even late yet i jus don’t have the money

Re: Credit Topic PLEASE PLEASE PLEASE HELP ME

Anonymous — Fri, 05 Jul 2019 17:08:23 GMT

Thanks I’m on the phone with customer service right now

Re: Late Payments

Remedios — Fri, 05 Jul 2019 18:45:10 GMT

@Anonymous Hi and welcome to the forums

If you let it go too long, it may get charged off and end up on your CR

Going back to your original question, CO would hurt. I dont think anyone can tell you how many points, but the best guess would be "a lot"

Then, if it remains unpaid, there will be separate reporting later from collection agency. That, too, will hurt

Your best bet is to call and see if you can make some kind of payment arrangements so you dont fall behind any more

Re: Late Payments

tcbofade — Sat, 06 Jul 2019 18:33:39 GMT

Glad that you are on the phone with them.

Can't say anything about Verizon, but AT&T was very helpful to us when a sister in law did us dirty. Call and explain yourself and hope for the best!

Good luck!

Re: Late Payments

zerofire — Sat, 06 Jul 2019 21:19:11 GMT

That is a scheme I have never heard of before. It should be stated that carriers do not give out free phones, ever. You will end up paying for the phone somehow. You need to really consider who your phone goes to in the future. Generally people you know like family are good and certain friends would work if you buy outright(your going to store and they ask for you to buy x for them and hand you the money as well). If you fail to pay the bills the carriers will send you to collections which will demolish credit once it reports. You want to call in and see what can be sorted out because your in one interesting mess.

Re: Late Payments

mikesonthemend — Tue, 09 Jul 2019 00:00:10 GMT

I am not sure, but don't these count as 2 accounts each. One account for post-pay phone service, and one installment loan for the phone? I have never purchased a phone this way, but I hear on the financial news all the time this is the reason for the slow down in phone upgrades. The carriers are no longer subsidizing the phones and have introduced installment loans to the offereings.

Re: Late Payments

Anonymous — Tue, 09 Jul 2019 05:03:53 GMT

1) Cancel service on those phones.

2) Take out a loan on Lending Club or something similar, pay off what you owe on the phones.

3) If possible, Small Claims court the mother**bleep**ers who did this.

4) Pay your loan payments on-time.

That's your step-by-step to get out of the kill-zone. Trust me you do NOT want collections on your account, they could easily hit your credit for 100 points or more, then good luck trying to get any help from anyone with a score below 500.

Re: Late Payments

MakingProgress — Tue, 09 Jul 2019 16:23:29 GMT

At any time in this scam did you provide the scammers with your personal information including your SSN? If you did then you need to freeze your Credit Reports immediately.

Re: Late Payments

CreditInspired — Fri, 19 Jul 2019 12:56:48 GMT

@Anonymous wrote:
How badly can 2 late phone bill payments affect your credit score, how many points it will drop ?

It's about more than lost points in scores. Late anything will stay on your CRs for 7 years. Now as time goes on, the severity of it lessens but it's not a good look.

Fraud Department

Anonymous — Fri, 19 Jul 2019 22:39:31 GMT

I tried to talk to Verizon about my problem on other topics & i was wondering if i put in a fraud claim and say my wallet was lost with my social in there & unexpectedly received a bill from them saying i owe, But you kno how they be like “ this call is recorded for yadayadayada “ i tried being honest & told them i was a credit mule & asked could they help, but if i lie & put a fraud claim, would they listen to the previous calls & kno I’m lying ? Or is it worth a shot ?

Re: Fraud Department

CreditInspired — Fri, 19 Jul 2019 23:06:58 GMT

I have no idea what’s going on here but one thing I do know for sure and that is DON’T FILE A FALSE REPORT OR CLAIM!!!

topic Fraud Department in General Credit Topics

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Fraud Department

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Credit Topic PLEASE PLEASE PLEASE HELP ME

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