Almost a year ago, I canceled my account with Verizon Wireless. I thought that I was caught up in my payments with them, but I was not. Apparently they had been sending bills to my old address and none of them ever got forwarded to my current address. They told me that they don't forward mail b/c it has too much confidentail information on it.
Anyway, the $350 bill went to collections, the collections couldn't find me and it went back to Verizon. They still couldn't find me and finally the NCO collections company sent me a bill for $350 + $95. I was looking at my credit report and I have a charge off and repossession for this bill. I am currently paying the bill in payments, but I do not want a repossession on my credit report. Help!
Will this repossession be taken off after I pay the bill or will it stay on for 7 years? Is there anyway that I can get it off my credit report? Also, I don't understand why this is a repossession, when nothing was physically taken from me. Verizon is a very difficult company to deal with. Please help me with any suggesstions. Thanks.
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