If you can't afford to pay your full outstanding debt at one time, you can still request that Verizon remove the negative entry from your credit report. You'll need to write a letter to Verizon requesting that they remove the negative entry from your credit report in exchange for payment.

Will Verizon remove negative reporting?

Once Verizon Wireless reports your delinquent account to the credit bureaus, it's difficult (but not impossible) to remove the negative entry. If your credit report already shows Verizon Collections, keep reading to find out how to stop this company from hurting your credit score.

Can a charge-off be removed early?

It's rare to have a legitimate charge-off removed from your credit report, but it's possible to request that during negotiations, says Ulzheimer. "There's nothing that requires a credit reporting agency to remove it even one day earlier than seven years as long as it is correct," Ulzheimer says.