Here is my goodwill letter and it was sent to the U.S. Department of Education:
From 1992 until 1996, I attended _____________University. I am extremely grateful to __________ Loan Company for providing me the financial means to earn a __________ degree and finally fulfill my dream of becoming a (your profession). I really enjoyed my experience at ___________ University and intend to remain active as an alumni through volunteer activities and regular donations. The reason that I am writing is to see if you would be willing to make a "goodwill" adjustment to your reporting to TRANSUNION, EQUIFAX and EXPERIAN credit reporting agencies. I have ___________ late payments on the above referenced account that date back to ______________. I am in the process of applying for my first mortgage and your removal of these late payments would assist me in receiving the lowest interest rate available.Because of my good payment history since the last late payment was reported, I would like you to consider removing the negative payments from my credit report. At the time of the late payments, I was in the process of changing jobs and moving – which is why the late payments occurred. I say this not to justify why the payments were late, but rather to show that the late payments are not a good indicator of my actual credit worthiness. I hope that ____________ Loan Company is willing to work with me on erasing this mark from my credit reports. I know that you have assisted people that have defaulted on their students loans by removing the default notation from their credit histories and I think that is wonderful. However, since I did not default but was late __________ times, I am hoping that you can extend similar consideration to me. I am not trying to minimize my wrongful conduct - but just emphasizing that although I was going through a difficult financial period, I still made an effort to submit payments instead of just not submitting them at all.