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Will GoodWill work for this?

Established Contributor

Will GoodWill work for this?

I have three installment (student) loans that were each past due once back in September of 2003--so it's been almost 4 years since any late payments.

Do you think I'll have any luck writing goodwill letters to the Lenders to get these late payments removed? I plan on saying it was because I lost my job (this is true) and I could not afford to pay them (needed to eat) between jobs.

Do you think they will be understanding? Anyone have success and/or bad stories of GW letters working?
9 REPLIES
Moderator Emeritus

Re: Will GoodWill work for this?

Sallie Mae?
Established Contributor

Re: Will GoodWill work for this?

i rehabbed my sl's and sallie mae wouldn't give me a gw delete on the lates for love nor money...but the accounts dropped when i did a dv.  of course the accounts had been closed and refi'ed when i disputed.


Message Edited by dog on 06-20-2007 02:12 PM
Established Contributor

Re: Will GoodWill work for this?

No Sallie-MAe The three loans are serviced by a company called ACS and the loans are as follows:

ACS/1ST MARBLEHEAD EDU
BRAZOS
AFSA/BRAZO
Established Contributor

Re: Will GoodWill work for this?

so you see basically my lenders are not sallie mae
Established Contributor

Re: Will GoodWill work for this?

oh well, I called ACS, they said to FAX them the goodwill letter and they will think about it--

There must be someone out there who has had experience with Goodwill letter writing for student loans...
Valued Member

Re: Will GoodWill work for this?

if i consalidate my loans and the new lender decides after the loan is payed off to remove the lates will the sallie mae lates be removed as well?
Established Contributor

Re: Will GoodWill work for this?

no.
Valued Member

Re: Will GoodWill work for this?

Im sending off a GW tomorrow for some older student loan accts that are serviced with EDFINANCIAL.  I'll let you kow how it goes.
Frequent Contributor

Re: Will GoodWill work for this?

my student loan went to 120 days late and i refi'ed it and when it was paid off they removed all the late payments.  Im dealing with sallie mae now i missed a few payments when i left for basic military training and sent them a GW letter and am waiting for them to respond now. I guess it all depends on the company.

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