Send GW letter or not??? PLEASE ADVISE

[Anonymous]

Would it be wise to send a GW letter on a Citifinancial loan that has been paid and closed since 2003...had 3 lates in 2003 and one late in 2002? How bad do these lates hurt my score being that they were 4-5 years ago??? Also, if sending the letter, do I address it to someone's specific attention or just to Citifinancial???

Also, I paid a medical collection account back in May 2006, but was never updated as paid to Equifax, so I disputed......they have now updated my report but now it has a Status date of 06/2007, but does show that it was paid in May 2006. Does that status date hurt me at all, or should I send a GW letter to them???

Thanks guys....this site is a true lifesaver/eye opener!!!!!

Message Edited by flygirl on 06-21-2007 01:54 PM

[Anonymous]

bump....please respond...not being pushy, but fixing to go on my lunch break and have my GW letter ready to send, just need advise if I should send it or not

[Anonymous]

If it is reporting as current and paid as agreed, there is probably not too much effect on your score from 4-5 years ago, however, a good will letter can not hurt.  The worst that can happen is they do nothing and obviously the best is that the lates will be deleted.  I am not 100% positive, but I believe that it is lates in the last 24 months that are the most damaging to your score..

[Anonymous]

bump

[Anonymous]

I have to agree with Dazedandconfused, I can't see how it worth hurt.  And it would not be unwise to send it.  So go ahead, if they say no, you're right where you are at now.  And after 4-5 years, the effect on your score is minimal.  Best case, you get a couple points, worst case you stay right where you are right now.

Oh, and all of this is only IMHO

Message Edited by trinigal on 06-21-2007 12:19 PM

[Tuscani]

Try GW. Eventhough the impact on old lates diminishes with age, they still impact your score.