Monday, May 17, 2010

The 18,000 Dollar Phone Bill



Bob St. Germain received a bill in the mail back in 2006. This was no ordinary bill, it was one for $18,000. The unpaid bill went onto Bob's credit history because he refused to pay this incredible sum. Amazingly his son racked up this much money in 1 week of internet access on their Verizon phone. He has been on an ongoing battle with Verizon for the last four years and now after several lawsuits Verizon is dismissing all charges. "Nice to see Verizon dismiss all the charges," Germain said. "But it's still on my credit report. Someone has to take the next step." This is true, because it is a huge black mark when trying to purchase something big, such as a house, car or rentals on anything. Verizon in the mean time after St. Germain complained reduced the bill to $9,000 and sent it to a collection agency. The agency deemed the amount "not collectible" and then the amount shrunk to a surprising 0. The lesson here learned is, learn your companies plan and be smart about your choices.

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