
Quoting
fastline
I haven't read anything yet that supports this claim. Even on a fico forum, they indicate this will just be a paid collection that will hold the "all knowing" credit score down in "worthless" territory.
When I said "not needing credit", I mean no NEW credit. I easily have over 20yrs of flawless credit history that no longer matters, including a mortgage that has been paid like clock work. Yes, I have all the files pulled and probably 10 accounts, all with perfect repayment schedules. However, I already know, and have been told by lenders, that score means I now won't qualify for for dick, and will be put in the "repo/bankrupcy" group. At this point, I am seriously considering filing for bankruptcy because I don't see any point in trying to carry perfect credit, only to be ruined by a simple issue.
Yes, Verizon has already said they will report for the next 7yrs.
Yes, I am pissed. I think anyone in my shoes would be. And bringing it to this forum to be shredded by attorneys was not the best idea to find help.