Ok, so been doing good with payments, but forgot about the last payment on my Verizon account. I got a letter from a CA for $49. Verizon is still willing to accpet the payment though so I don't think it's been sold. The letter just says placed for collection. Do you think that I would be better off to pay it and hope it doesn't report? I've pulled my reports and not inquiries or reporting from the CA yet. Verizon said it just went write off 11 days ago. They said that they might be able to pull it from the CA, but that that dept didn't know for sure, but the rep was pretty sure they could. If this avenue doesn't work, any ideas?
If you pay them and it goes into collections, a PAID collection looks alot better than an UNPAID colection. Both affect your score in a negative way,but the PAID collection does less damage.
No, actually a paid collection is scored the same way in the context of adverse and positive accounts. An unpaid or a paid collection is still derogatory. Moreover, paying an old collection can up the date of status and lower your scores.
Verizon usually uses an in house collection dept., so pay it fast. Even if it cannot be "called back", usually a CA will not report "its" tradeline if paid within the first 30 days. So, either way you can avoid the "CA" tradeline on your credit report.
