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GW Ford Credit

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Valued Member

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
Message 1 of 10
9 REPLIES
New Contributor

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
Message 2 of 10
Valued Member

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.
Message 3 of 10
Established Contributor

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
Message 4 of 10
Senior Contributor

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.
Message 5 of 10
Moderator Emeritus

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. Smiley Happy

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.
Message 6 of 10
Valued Member

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.
Message 7 of 10
Established Contributor

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
Message 8 of 10
Valued Member

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 Smiley Happy
Message 9 of 10
New Member

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.
Message 10 of 10