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Utilization

credit4me
Frequent Contributor

Utilization

I have a verizion CO on my CR.. Does this also count toward my overall utilization? Should I just pay this off?


Starting Score: 576
Current Score: 724
Goal Score: 850

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Message 1 of 8
7 REPLIES 7
SpecFile
Valued Contributor

Re: Utilization

I don't believe that verizon is considered revolving credit therefore would not count towards your util.  Might want to wait for a few more responsed though.
Message 2 of 8
fused
Moderator Emeritus

Re: Utilization



credit4me wrote:
I have a verizion CO on my CR.. Does this also count toward my overall utilization? Should I just pay this off?



What type of verizon account is this? When did you first default on this?
Message 3 of 8
credit4me
Frequent Contributor

Re: Utilization

It's a house phone bill that I have know idea why it's there. I still have their service at home. It was CO'd on 1/2006.


Starting Score: 576
Current Score: 724
Goal Score: 850

Take the FICO Fitness Challenge
Message 4 of 8
fused
Moderator Emeritus

Re: Utilization



credit4me wrote:
It's a house phone bill that I have know idea why it's there. I still have their service at home. It was CO'd on 1/2006.


This account will not effect your util% calculations but it's still killing your scores. Ok, so Verizon is reporting this and you are not sure if this debt is yours? Which CRA is it on?


Message Edited by fused111 on 08-21-2007 09:14 AM
Message 5 of 8
credit4me
Frequent Contributor

Re: Utilization

Thanks..  It's on TU... 217.00 not much so you think I should just go ahead and pay it? 


Starting Score: 576
Current Score: 724
Goal Score: 850

Take the FICO Fitness Challenge
Message 6 of 8
credit4me
Frequent Contributor

Re: Utilization

Date opened:Jul, 2005
Date closed: Jul, 2005
Account number: XXXX854
Account type: Utility Company
Credit limit: Not Reported
Credit Type: Open Account
Account holder: Individual Account
Descriptions [?]
  • Canceled by credit grantor
Contact Information [?]
Po Box 165018
Columbus, OH 43216
Balance:
Current Status: Past Due Amount: $213 Collection account Not on Record
Seven year payment history:
30 days late 0 times
60 days late 0 times
90+ days late 0 times
 
Just called verizon and they stated that this was sent to a collection agency sometime ago. However, nothing has shown on my report as a collection.


Message Edited by credit4me on 08-21-2007 04:06 PM


Starting Score: 576
Current Score: 724
Goal Score: 850

Take the FICO Fitness Challenge
Message 7 of 8
Tuscani
Moderator Emeritus

Re: Utilization

PFD!
Message 8 of 8
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