Archived from groups: alt.cellular.verizon (
More info?)
Probably not, but if you're past 30 days late on a payment they most
certinaly will report you. If you make your payments on time they are
required to report that also.
The deposit is something you had to pay because you had a low credit score
(low being a subjective thing, as each lender/creditor has their own
baseline) or you had no credit history. By paying it you aren't improving
you score, paying you bill on time will help improve you score, but like any
bill for service, it holds only a fraction of the weight of an unsecured
credit card, car loan, mortgage, etc... All of the later will make or break
you credit.
FYI Verizon is the only provider that wanted a deposite from me. They
required a $125 deposite, that was part of why I canceled my policy with
them (seven days later). I visted Cingular, T-Mobile and Sprint. None of
which required a deposite. My credit score is fine.
My other issue with Verizon is their "Get It Now" service, which is a
complete joke. Want to upload a picture of your family friends to the phone?
Forget it! You'll have to pay. A data cable is your only option and Verizon
doesn't stock those for most models. They are by far the most greedy
network in that regard and in case you're wondering.. no they others aren't
like that.
"Natural" <jborrero@NoSPAMcomcast.net> wrote in message
news:16jid0lk6gi97417eb3ppbc26h02hjrulb@4ax.com...
> I need to build credit, have not credit card and got an account with
> verizon by placing a $175 deposit, will they report me to credit
> bureaus as have an account in good standing after they give me my
> deposit back and I maintain a good standing wih them.
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