Late payment and credit bureau

Archived from groups: alt.cellular.verizon (More info?)

"L. Servingham" wrote:
>
> I've payed my bill late two times, within a week of my bill due date.
> Does anyone know if VZW reports that as a late payment to the credit
> bureaus? I've never received a notice for overdue payment.

Why not make an inquiry to one of the major credit bureaus?

Notan

Archived from groups: alt.cellular.verizon (More info?)

Try1 wrote:

> Most "collection bureaus" are nothing but appearance. In most states, you
> need to check, they hold no legal authority to collect anything

Mmmm, I don't think that's completely true. Otherwise, companies that are owed
money would never send accounts outside. If company X contracts with
CollectionAgency Inc. to help them collect the debt you owe, CollectionAgency
Inc. is allowed to do so as long as they stay within state and federal
guidelines (more on that in a minute).

What you need to know is that collections agencies can't ding your credit
record - although the slimier outfits will threaten to. They also can't sue,
although some will threaten that too. The only time a bill collector can sue is
if they're like the company I've used -- which happens to be a law firm -- and
even then they can't sue on their own, you have to have them file suit *for
you.* Only the creditor can record information on your credit report or sue you.

> server to "remind" the late offender to pay up. In fact, you can even
> throw it back at them that any calls will be considered harrassement and
> handled accordingly. Most of the east coast is this way. As I said, to be
> sure, check yours.

Check state laws, sure. But you will also want to visit the Federal Trade
Commission's website and read up on the Federal Fair Debt Collection Practices
Act, which governs collections activity nationwide. I've thrown potential FDCPA
violations in the faces of bill collectors in the past, and they do *not* like
the fact that I've actually educated myself about my rights (it makes their job
much more difficult).

http://www.ftc.gov/os/statutes/fdcpajump.htm

--
JustThe.net - Apple Valley, CA - http://JustThe.net/ - 888.480.4NET (4638)
Steven J. Sobol, Geek In Charge / sjsobol@JustThe.net / PGP: 0xE3AE35ED

"In case anyone was wondering, that big glowing globe above the Victor
Valley is the sun." -Victorville _Daily Press_ on the unusually large
amount of rain the Southland has gotten this winter (January 12th, 2005)

Archived from groups: alt.cellular.verizon (More info?)

Steve Sobol wrote:
> Try1 wrote:
>
>> Most "collection bureaus" are nothing but appearance. In
>> most states, you need to check, they hold no legal
>> authority to collect anything
>
> Mmmm, I don't think that's completely true. Otherwise,
> companies that are owed money would never send accounts
> outside. If company X contracts with CollectionAgency
> Inc. to help them collect the debt you owe,
> CollectionAgency Inc. is allowed to do so as long as they
> stay within state and federal guidelines (more on that in
> a minute).
>

(Ok, so I haven't read the fed. act. If it's answered
there just re-direct me...)

I thought it most often companies don't contract
a collection agency to "help" them collect a debt
but actually "sell" the debt to a collection agency
for some percentage on the dollar. The collection
agency then becomes the creditor? and tries to
collect the full debt. I haven't had much experience
in this but I seem to remember that my wife wrote
some checks directly to a collection agency and
not to the original creditor.

-Quick

Archived from groups: alt.cellular.verizon (More info?)

That usually happens about 6 months after the debt falls into collection -
the original creditor writes it off for tax purposes as a 'charge off' after
180 days. But for the first few months, collection agencies work on behalf
of the creditor, either in-house collections department (for larger
creditors) or contracted by smaller ones.



"Quick" <quick7135-news@NOSPAMyahoo.com> wrote in message
news:1108336708.217987@sj-nntpcache-3...

> I thought it most often companies don't contract
> a collection agency to "help" them collect a debt
> but actually "sell" the debt to a collection agency
> for some percentage on the dollar. The collection
> agency then becomes the creditor? and tries to
> collect the full debt. I haven't had much experience
> in this but I seem to remember that my wife wrote
> some checks directly to a collection agency and
> not to the original creditor.
>
> -Quick
>
>

Archived from groups: alt.cellular.verizon (More info?)

In article <pBKPd.721$SO.639@newsread3.news.atl.earthlink.net>,
cricket23@myrealbox.com says...
> They won't report you as late until it's at least 30 days past due. Because
> it's a utility payment, it may not be reported until it's sent to
> collections (30 days or more after cutting of service)... but at less than a
> week late, there is no need to buy a report to check. (I've had a few 'pay
> now or we'll cut off service' letters over the years from verizon and don't
> have anything on my credit report.)

Thanks cricket. You understood my question. In my case, it doesn't seem
like it'll ding my score.


Lane

Archived from groups: alt.cellular.verizon (More info?)

In the credit reporting and collecting business, it's not the same as a
credit card bill - it's given similar consideration as unpaid utility bills.


"CellGuy" <cellguy@seemessagebody.com> wrote in message
news:18ote8j2fj3i7.1rsf5pibspg26.dlg@40tude.net...
> On Sun, 13 Feb 2005 15:44:21 GMT, cricket wrote:
>
>> Because
>> it's a utility payment, it may not be reported until it's sent to
>> collections (30 days or more after cutting of service)...
>
> Cell phone service is not considered a utility, and is not regulated by
> the
> state PUCs.
>
> Wired phones are utilities.