@Mellykca wrote:
I trying very hard to clean up my credit and one thing that is hurting me is 3 30 day lates with Capital One in late 2015. I have been in good standing since and have paid down my balance to under 30%. Would it be worth it to write a GW letter, and if so... how do I go about doing that? What should it say? Do I send a printed letter or an email? Any advice is appreciated!
If you read the thread linked below and use my Saturation Technique method for GW letters, I'm confident you'll get those 30 day late payments removed in time.
http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-o...
A couple of questions. Prior to the late payments in 2015, how much favorable (positive) payment history did you have with Capital One? You've got over a year of positive payment history since your lates, but what about prior? Whatever the sum is of these two periods of positive payment history, I'd use that in your GW letter... "As you can see from reviewing my account, outside of these minor late payments I've got 3 years of positive payment history with your company." Also, do you have any other Capital One accounts, closed or open? If so, you could reference them as being positive accounts (assuming no negative items). Last, give them a reason to want to make the adjustment(s) for you. Tell them how you're very interested in applying for [insert any other Capital One product name in here], but due to your current account showing a couple of late payments you are apprehensive about applying since your scores took a hit and you don't want to be looked at unfavorably upon applying. Let them know if they remove the late payments you'll apply for [that same product name] and will continue being a fantastic CO customer for many years to come.
Something like that.
Anyway, I suggest visiting the thread I linked above where I outline a solid plan that IMO gives anyone the best chances at obtaining GW adjustments due to late payments.
