04-29-2007 07:55 AM
Regarding: Account No. XXXXX
CITY, STATE ZIP
To Whom It May Concern:
I am writing a letter about my experience with xxxxxx that is a mixture of a grateful "thank-you" and a pressing request concerning a xxxxxx Charge Card tradeline in my credit files that I would like to have revised.
I received the xxxxxx card in [YEAR], several years before I [CHAOTIC LIFE EVENT -- A MOVE, A BIRTH, MEDICAL SICKNESS, ETC.]. Later when I experienced the [CHAOTIC LIFE EVENT] and while working on [WORK PROJECT], I became disorganized with respect to, as you saw, making timely payments with xxxxxx. I fully recognize my responsibility with respect to payable accounts and have worked diligently to rehabilitate my relationship with xxxxxx since that time.
To be honest, that year was a "wake-up" call for me regarding fiscal organization. Since then I believe I have learned the essential organizational and financial management principles I desperately needed at that point. Thankfully, responsible credit management is now reflected in my credit records which -- excluding the xxxxxx card late entry -- are excellent. I wish to thank you for renewing your confidence in me and for giving me a second chance at a relationship with you, one that I am determined to keep spotless.
We are about to shop for a mortgage, and it has come to my attention that the late notations from xxxxxx may preclude me from taking full advantage of the very lowest interest rates now available. Since those notations do not reflect my current status with xxxxxx, I am requesting that you give me a second chance at a positive credit rating by revising those tradelines. Your customer service representative suggested that I write you for a "goodwill adjustment." I sincerely hope that there is redemption at xxxxxxx, and I beg you for such consideration. Please let me know if any additional documentation would assist in reaching a positive outcome, and I thank you again for the time you have spent reading this letter.
Very hopefully yours,
City, STATE ZIP
04-29-2007 01:25 PM - edited 04-29-2009 02:12 PM
This worked on Chase. 3 closed accounts all deleted. 1 settled and late, 2 were 90 days late and PIF.
We are writing to see whether Chase Bank would consider making a goodwill adjustment to the credit reporting bureaus on our closed accounts. We are asking whether Chase Bank would remove the adverse late payment and settlement reporting from these accounts in reporting to the credit bureaus. We understand this is a rather unusual request--particularly as our accounts fell behind upwards of 120 days and one account was settled for less than the full amount.
Chase Bank was extremely helpful in working with us at a time of job layoffs and missed payments. The ease with which we were able to resolve these accounts gave us something to pay off and helped us to move forward.
If what we ask is too much, then any goodwill adjustment to the reporting bureaus would be most appreciated.
Regardless of your decision, please know that we thank you for helping us at a time when it was needed, and we hope to do business with Chase again one day.
GMAC, over the phone, confirmed it was their bad. But I didn't have any solid proof. Grey area between a goodwill and a dispute.
My wife and I recently pulled all three of our credit reports. GMAC appears to have mistakenly reported this account as 30 days late to Experian.
We disputed the account with Experian, but they closed the dispute without checking or there was some problem on their website. In any event, please correctly report this account to Experian--just as it has been reported to the other credit bureaus.
We know mistakes happen, and we would simply like this corrected. Both our vehicles were purchased new from Saturn and financed thru GMAC. We have been very happy with both Saturn and GMAC.
Wife got a delete from JCPenney from this.
I recently pulled my credit reports, and I discovered this JCPenney account was still showing as open. If that is correct, I would like to see about getting a replacement card issued so that I could use it when shopping at JCPenney.
I also noticed the account was reported 30 days late in 2001, although not consistently with all three credit bureaus. I do not recall being late on this account, but it is possible as my husband and I fell behind on several payments at that time.
If the late pay reporting is correct, then I would like to ask whether JCPenney would consider making a goodwill adjustment to its reporting to the credit bureaus and remove the late pay reporting from this account. I know this is probably a somewhat unusual request, and I ask you to consider my overall good shopping and payment history with JCPenney rather than one late payment.
Use imagination and creativity. Speak from the heart. Try to be honest, or at least use a plausible explanation. Put it in your own words. Don't copy GW letters word for word. The teacher might detect plagiarism and mark you paper down. But do read GW letter samples for ideas.
GW is akin to panhandling for a better FICO score. But take a shower, wear clean clothes, and make a good presentation. Think job interviewee and not homeless guy with tin cup.
05-31-2007 10:42 PM
05-31-2007 10:49 PM - edited 12-16-2007 10:48 AM
You got that right!
Read the GW letters here, on CB, and on CIC. Feel free to post your letter here for a critique. Do NOT post it on CB. Good chance of getting roasted.
05-31-2007 11:08 PM
06-08-2007 12:06 PM - edited 12-16-2007 10:48 AM
I never preached! Had a question and they did not like it. Like I said everyone has their likes and dislikes, I'm not spreading hate, I just like it here.
You can post a GW letter on CIC and get it critiqued fairly. On CB seems a bit of bloodsport to bang on people's letters.If you get preachy about ethics, expect to get smacked around. The collection industry has an atrocious past and present on ethics. Few on either CB or CIC are interested in hearing a sermon.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.