Reply
Valued Member
Posts: 41
Registered: ‎08-02-2007
0

GW letter turndown

I wanted to get the forum's input on a GW letter I recently sent to an auto loan company and received back today.  I had a 60-month loan with 59 perfect payments and one 30-day late payment (May 2004) which I asked if they would consider removing.  I drafted the letter using many of the examples I found in these forums and tailored it for my situation.
 
The reply signed by someone in their Loan Services Dept stated something to this effect..."We have reviewed your loan and in doing so, have determined that you were 30-days late with your May 2004 payment.  The information is therefore accurate and we cannot remove what is now  history" 
 
I was upset that my request was not addressed properly because in the letter, I fully acknowledged the late payment and explained my circumstances why it was late.  But I emphasized my 59 other perfect payments and how I was cleaning up my credit, etc. 
 
My question...do I let this go or do I try again?  Seems like it did not get to a person in a position to consider goodwill.  We received it back in a week which seems like not much time was spent considering.  Your thoughts??
 
Thank you, Mike
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007
0

Re: GW letter turndown



Mikey wrote:
I wanted to get the forum's input on a GW letter I recently sent to an auto loan company and received back today.  I had a 60-month loan with 59 perfect payments and one 30-day late payment (May 2004) which I asked if they would consider removing.  I drafted the letter using many of the examples I found in these forums and tailored it for my situation.
 
The reply signed by someone in their Loan Services Dept stated something to this effect..."We have reviewed your loan and in doing so, have determined that you were 30-days late with your May 2004 payment.  The information is therefore accurate and we cannot remove what is now  history" 
 
I was upset that my request was not addressed properly because in the letter, I fully acknowledged the late payment and explained my circumstances why it was late.  But I emphasized my 59 other perfect payments and how I was cleaning up my credit, etc. 
 
My question...do I let this go or do I try again?  Seems like it did not get to a person in a position to consider goodwill.  We received it back in a week which seems like not much time was spent considering.  Your thoughts??
 
Thank you, Mike


Hi Mike, I would get the name of the person in charge of the loan department or a superviser.IF the place is located near you, I would walk in and ask to speak to the BOSS. They can remove it but they do not have to.
Someone will answer you that has had this happen to them. This is just what I would do.
Valued Member
Posts: 41
Registered: ‎08-02-2007
0

Re: GW letter turndown

Thanks Happy,  unfortunately, the company is in San Diego and I am in Colorado.  I'm sure you are right in saying they can remove.  Especially if they have the power to report it every month to the bureaus!
 
Mike
Established Member
Posts: 39
Registered: ‎07-16-2007
0

Re: GW letter turndown

I got two NO's from Chase before I finally got a yes so keep on trying sometimes it is a matter of falling in the right hands and like you I had only been late one time back in 2004 I explained I had been a good customer for ten years and it finally worked.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: GW letter turndown

Anyone who placing something on your report can certainly remove it. Comes down to compnay policy.
 
Remember, will not doesn't mean cannot.
Established Contributor
Posts: 678
Registered: ‎05-29-2007
0

Re: GW letter turndown

Amen, brothers and sisters.
I always put this in every I-got-turned-down-on-my-GW post:
If they so no the first time, send a second letter.
If they say no the second time, try a third letter.
If that doesn't wotk, get another stamp.
Get the idea?
I don't mean write untruthful or pushy letters, and indeed - some companies will ot remove lates for any reason. But the way I see it, the next few years are going to pass regardless of my writing GW letters - so I'm going to keep writing them until the sheriff shows up and tells me to stop. Which I doubt he will, since he's otherwise occupied...:smileywink:
" I like to live as a poor man, with a lot of money." - Pablo Picasso (who was a jerk.)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.