topic Re: Verizon Wireless Collections in Rebuilding Your Credit

Verizon Wireless Collections

Anonymous — Sun, 29 Aug 2021 19:08:09 GMT

Good afternoon all,

I've been doing my best to get my credit under control. The last things on my reports (aside from my repo) are two collections from VZW.

Had anyone dealt with them before? Any chance of a pay for delete if I pay it in full?

Really hoping at least taking these down to $0 has a solid impact for me. I currently have two unsecured CC, two NFCU secured cards and a NFCU pledge loan trying to build my profile up. However the VZW is obviously holding me back.

thank you in advance

Re: Verizon Wireless Collections

Anonymous — Sun, 29 Aug 2021 23:58:35 GMT

How old are the COs?

If verizon still owns them, Verizon does not do PFD.

Do you see any error in the reporting data?

Try finding an error in reporting and dispute it based off of that.

Re: Verizon Wireless Collections

Anonymous — Mon, 30 Aug 2021 00:01:18 GMT

@Anonymous wrote:
How old are the COs?
If verizon still owns them, Verizon does not do PFD.
Do you see any error in the reporting data?
Try finding an error in reporting and dispute it based off of that.

June 2019 for btoh of them. There's no errors anywhere. VZW still does own them.

Re: Verizon Wireless Collections

Anonymous — Mon, 30 Aug 2021 01:25:31 GMT

VZW is a tough cookie to crack. They dont do PFD.

Your only option is to pay the collection. It will be less detrimental than an unpaid one.

I have had one few years ago that I finally got taken care of by disputing few times.

Re: Verizon Wireless Collections

NaimeseOGK — Tue, 31 Aug 2021 10:51:55 GMT

@Anonymous wrote:
VZW is a tough cookie to crack. They dont do PFD.
Your only option is to pay the collection. It will be less detrimental than an unpaid one.
I have had one few years ago that I finally got taken care of by disputing few times.

No verizon does do PFDs. You just have to get the right agent to be willing to say they will delete it and save the transcript if its on live chat or get it in mail. My mom just recently got a PFD from them for her phone and cable.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 12:31:24 GMT

I am not a Fin advisor, credit repair/counselour - nor do I advocate for anyone, to not pay a bill - or, file a dispute.

I just love the data.

When life happens, all I ask is that it is reporting correctly. If I got a parking Ticket - dont report it as a DUI - the impact real.

OP - You should really, take a look at how Equifax is reporting this tradeline, because Verizon does NOT report your account until it becomes negative.

By the time that happens - some of the data may in fact be too old to report, accurately.

If you have time - go to annualcreditreport.com (no other source allowed except the printed report itself) and get your report - post a screen shot of the tradeline (wipe all personal info)- would be happy to give you some feedback on what it is actually reporting.

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/DOFD-missing-for-paid-collection-charge-off/td-p/6396987

Re: Verizon Wireless Collections

OmarGB9 — Tue, 31 Aug 2021 13:28:31 GMT

@Anonymous wrote:
How old are the COs?
If verizon still owns them, Verizon does not do PFD.
Do you see any error in the reporting data?
Try finding an error in reporting and dispute it based off of that.

Even if there is an error, that wouldn't mean the whole TL has to be deleted. VZW could simply correct it and keep reporting.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 13:49:49 GMT

Hi Omar,

Respectfully - I am in IT - been building files for 20 something years, sometimes blindly and to Dbases/Objects - home grown, or commercial products in ERP/FIN TECH/HCM systems all of this time, 10 fields, 10k fields - fun stuff.

I get what you are saying - but from a technical perspective I know, what I am saying - and based on what the OP has posted, the CRA systems and then tech guidance.

Just like if you - were to get a parking ticket, last summer - today, that ticket should never impact you as a DUI.

The problem is - that if that were to ever have happened to you - manual intervention, would have to occur across fines, penalties, insurance, lex nex - etc. You just have an expected result - that it gets fixed.

For Credit - tech, IT - Reporting, Profiles etc - works the same way.

Because the HISTORY is BLANK/NULL/INNACURATE - its, well like trying to fix something that doesnt even exist.

They can try - and based on a DISPUTE (as allowed by FCRA) - the end result technically - is likely, more of a mess.

Hence - the DISPUTE process.

Sure Give them a chance to fix it..........At the end though, it remains about the data.

My goal is to assist consumers in understanding the DATA in their reports.

Thanks!

Re: Verizon Wireless Collections

dragontears — Tue, 31 Aug 2021 14:00:10 GMT

@Onlinecreditnewbie2 wrote:
Hi Omar,

Respectfully - I am in IT - been building files for 20 something years, sometimes blindly and to Dbases/Objects - home grown, or commercial products in ERP/FIN TECH/HCM systems all of this time, 10 fields, 10k fields - fun stuff.

I get what you are saying - but from a technical perspective I know, what I am saying - and based on what the OP has posted, the CRA systems and then tech guidance.

Just like if you - were to get a parking ticket, last summer - today, that ticket should never impact you as a DUI.

The problem is - that if that were to ever have happened to you - manual intervention, would have to occur across fines, penalties, insurance, lex nex - etc. You just have an expected result - that it gets fixed.

For Credit - tech, IT - Reporting, Profiles etc - works the same way.

Because the HISTORY is BLANK/NULL/INNACURATE - its, well like trying to fix something that doesnt even exist.

They can try - and based on a DISPUTE (as allowed by FCRA) - the end result technically - is likely, more of a mess.

Hence - the DISPUTE process.

Sure Give them a chance to fix it..........At the end though, it remains about the data.

My goal is to assist consumers in understanding the DATA in their reports.

Thanks!

You are under the impression that there is a requirement to report payment history. This is an incorrect assumption.

There is nothing that requires a lender to report anything (outside of federal student loans), only requirement is that what is reported is accurate. Having a lender not report payment history (i.e. no data/blank/null) is not an inaccuracy it just means that the lender decided not to report that information.

Please do not give bad advice by encouraging people to make frivolous disputes on information that is not inaccurate.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 14:06:10 GMT

Hi there - DragonTears

Dont know you, nice to meet you.

Would you like to discuss with an actual screen shot of the tradeline?

Re: Verizon Wireless Collections

dragontears — Tue, 31 Aug 2021 14:14:55 GMT

@Onlinecreditnewbie2 wrote:
Hi there - DragonTears

Dont know you, nice to meet you.

Would you like to discuss with an actual screen shot of the tradeline?

Sure you can provide a screenshot for discussion but you should make your own thread to avoid hijacking this thread.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 14:18:51 GMT

Yeah no - its already been hijacked.

But - the OP, can add.

As can you as you - stated it and its context is unfounded.

You can create one - I have my samples, but am not.

I stand where I stand, I know Metro2 and I am presenting, what I - know for sure.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 14:21:12 GMT

Data Matters.

Consumer Understanding - matters more.

Debt - in consumer reports - Never report a parking ticket as a DUI.

Very - nice to meet you. Metro2, Data, DataBases - Objects, IT - Integrations, love it all.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 14:31:56 GMT

Dont go silent now chief, I gotta eat and work in a few.

Pick a visabale raw tradeline. Verizon or the next.

Post - give your opinion.

Lets discuss.

Re: Verizon Wireless Collections

dragontears — Tue, 31 Aug 2021 14:40:21 GMT

@Onlinecreditnewbie2 wrote:
Dont go silent now chief, I gotta eat and work in a few.

Pick a visabale raw tradeline. Verizon or the next.

Post - give your opinion.

Lets discuss.

This is the last post I will make responding to you in this thread as it is rude to hijack the OP thread.

Knowing about metro format is not impressive or special

I don't know why you expect me to post something, I don't have any inaccurate accounts nor collections

There is no law/rule/regulations that requires reporting payment history. If you have information that says otherwise please post a link to your source.

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 14:54:41 GMT

If, you can build it with a file to a CRA, mandated

...

Yes it is, it's called metro2.

Funny part is all, ALL CRA*s mandate it.

Data is everything, you parked and got a DUI.

You want a DUI?

Waiting for you to discuss.

Sample trade line...you can pick any ...

Am here

Re: Verizon Wireless Collections

Onlinecreditnewbie2 — Tue, 31 Aug 2021 22:51:46 GMT

@dragontears

Just to ensure, that when someone says I am not telling a truth, that I leave them with proof of a truth - this is for you, and anyone else that comes across this post.

Experian, does a nice job of explaining what it itself, needs for calculations of scores, payment history is a critical piece.

The link is to their site, their document for utility/communication companies - and is easily accessibe through google.

https://www.experian.com/assets/communication-energy/brochures/data-reporting.pdf

The Consumer Finance Protection Board - also lays it out pretty well.

https://files.consumerfinance.gov/f/201212_cfpb_credit-reporting-white-paper.pdf

CFPB - FCRA GOVExperian - Payment History

Hope this helps -----

Re: Verizon Wireless Collections

dragontears — Tue, 31 Aug 2021 23:04:11 GMT

@Onlinecreditnewbie2 wrote:
@dragontears

Just to ensure, that when someone says I am not telling a truth, that I leave them with proof of a truth - this is for you, and anyone else that comes across this post.

Experian, does a nice job of explaining what it itself, needs for calculations of scores, payment history is a critical piece.

The link is to their site, their document for utility/communication companies - and is easily accessibe through google.

https://www.experian.com/assets/communication-energy/brochures/data-reporting.pdf

The Consumer Finance Protection Board - also lays it out pretty well.

https://files.consumerfinance.gov/f/201212_cfpb_credit-reporting-white-paper.pdf

CFPB - FCRA GOVExperian - Payment History

Hope this helps -----

Excellent, thank you for posting information supporting my point that payment history is not mandatory.

Re: Verizon Wireless Collections

gdale6 — Wed, 01 Sep 2021 16:11:00 GMT

Hijacking of threads will not be tolerated here on myFico, neither will non FSR posts. Responses to the OP must be within the confines of the questions asked. Consider this a fair warning and thanks for your understanding.

Re: Verizon Wireless Collections

spiritcraft1 — Wed, 01 Sep 2021 22:39:42 GMT

How much is each collection? Dates? Who is collecting?

Look up the Verizon Agreement and scroll down to the Arbitration language. You may want to do what they suggest in that agreement and write a letter to both the CA and to Verizon stating your intent to Arbitrate as described in THEIR agreement. They state right in that document what they will be required to pay including your fees. This is not actually filing for Arbitration, it is merely doing as they outline in giving them notice that you are... you do not have to follow through with it, just give notice and ask that all notations in your CR be deleted as an option. The language there in their agreement states that THEY have to come up with serious $$$ to actually go into Arbitration if YOU so desire and pay YOUR costs. If you do not owe multiple thousands, they will run for the hills and delete....