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Valued Member
robmod
Posts: 39
Registered: ‎09-04-2007
0

GW Ford Credit

I had a Ford Credit loan
Paid in full 5/2004 (DOLA)
I was late 1 time.
They reported it on all 3 CR.
Do you think it is worth a GW for the 1 hit?
Just trying to clean it all up.
Thanks!

4-08....... TU 616; EQ 662; EX 602 FICO
New Contributor
soylentorange20
Posts: 50
Registered: ‎03-03-2008
0

Re: GW Ford Credit

I'm in the same boat, although I don't remember mine ever being late, but mine shows
30 days late 4 times on all 3 of mine as well.
 
DOLA on mine was June 2005 when I paid it off, monthly payment was $456.
 
 
EQ=699 (12/15/2011)
TU=660 (12/15/2011)


Trying to move on up
Valued Member
robmod
Posts: 39
Registered: ‎09-04-2007
0

Re: GW Ford Credit

Out of 48 payments (4 yrs) being late one time is 98%!
Not outrageous, but late is late.
I know I will not ever have a new car loan again, much less with Ford Credit.
Established Contributor
Jesedmotherof5
Posts: 537
Registered: ‎04-02-2008
0

Re: GW Ford Credit

I heard they wont GW lates and that anything after two years isnt affecting your score. I have 3 from 2003-2004. I see a red flag and I dont like it. My letter was returned as undeliverable.
6/9/08 FICO TU 697 EX698 EQ 618uti 6% (once new accounts hit) BIZ- DUNS 80, EX 35
GOAL 2008- 700s+ new car
2010 BE a first time buyer
Senior Contributor
fishbjc
Posts: 3,363
Registered: ‎11-30-2007
0

Re: GW Ford Credit

30's only affect your score for one year.  I also have a baddie from 2003....heck with it.  Not worth worrying about.
Moderator Emeritus
ByrdMan
Posts: 7,975
Registered: ‎12-19-2007
0

Re: GW Ford Credit

robmod, I would GW it. It is worth it. I disagree that lates only hurt for a short period of time. I know most have heard my story, but it bears repeating again. For those who have already heard it, please switch to another channel for a few seconds. :smileyhappy:

I had a 30 day "status". Never was late, never was reported late, just a status that was 30 days late. It was over 2.5 years old. Upon removal, EQ +26, TU +43.
___________________________________________________________________
Do what is true in spite of the consequences--your future is only as true as you are.
Valued Member
robmod
Posts: 39
Registered: ‎09-04-2007
0

Re: GW Ford Credit

I have the letter typed and ready to go (love my new folder of letter templates!)
I might as well send it. I will not have high hopes, but maybe they will do go with it. This will be my first GW. We will see what happens. Thanks for the advise.
Established Contributor
Jesedmotherof5
Posts: 537
Registered: ‎04-02-2008
0

Re: GW Ford Credit

what address do you have mine got returned.
6/9/08 FICO TU 697 EX698 EQ 618uti 6% (once new accounts hit) BIZ- DUNS 80, EX 35
GOAL 2008- 700s+ new car
2010 BE a first time buyer
Valued Member
robmod
Posts: 39
Registered: ‎09-04-2007
0

Re: GW Ford Credit

I just today got the results on a dispute and we are in luck, there is an address:
Ford Credit
PO Box 152271
Irving TX
75015
800-727-7000
I'll update on the results of my GW in the future.
Good luck to you :smileyhappy:
New Member
ladyw
Posts: 2
Registered: ‎02-20-2008
0

Re: GW Ford Credit

What is a GW? I'm new here. I have a late with Honda from a few years ago. I'd like to get it off, too.

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