topic Re: GW letters really work... in Understanding FICO® Scoring

GW letters really work...

caliking — Wed, 10 Oct 2007 06:47:40 GMT

When I first got on these boards I sent out GW's to most of my creditors to delete some late pays as well as started disputes with cra's. Got a few things corrected with the cra's but nothing on the GW's. Well, I'm pleased to report I now have 3 successes with GW's! The latest coming today from Citimortgage. I had a 30 day late from 2004. Resent them a gw in Sept. Just got a response from them today saying that they were removing the 30 day late and that it took up to 60 days to see the correction on my CR's. I don't know how much that 30 day late was hurting my scores but I'm happy it will soon be removed altogether. The other 2 gw successes came from Bloomingdale's removing 1 30 day late and the other from Macy's removing a 30 and 60 day late. Bringing both accts current never late. From the info I've learned on this site as well as listening to ClarkHoward, I've brought all 3 of my fico's from mid/high 500's to all 3 above 675 and I'm on my way to 700. I've also changed my spending habits considerably. Thanks so much myfico forums.

Re: GW letters really work...

ChemGuy — Tue, 26 Feb 2008 12:47:32 GMT

To whom did you address your letter to Bloomingdale's, and what was that address. I intend to GW them to remove a charge off. Stupid me opened the account for my wife, the account went south. I paid it once I realized they charged off. Believe it or not, they offered to reissue another card if I paid...wish I had known about PFD at the time. Sure enough, they reissued once I paid.....

Re: GW letters really work...

Timothy — Tue, 26 Feb 2008 13:18:14 GMT

Nice work caliking

Re: GW letters really work...

RobertEG — Tue, 26 Feb 2008 21:48:58 GMT

Your experience is better than mine! I wrote a lengthy GW letter to BOA requesting removal of a single late that occured over two years ago, with no lates whatsoever since then on any accounts. I went into great detail explaining my divorce at the time, and that I moved, and did not get the bill, etc. All the right sob stories. They responded by saying that they were legally prohibited from removing a late than was not erroneously reported, and thus would not consider the circumstances. We all know that this is BS, but that is the "legal" dismissal I was given by BOA! Needless to say, BOA has lost my continued business!

Message Edited by RobertEG on 02-26-2008 01:48 PM