GW letter, should I bother?

Anonymous · ‎08-29-2012

Hello all once again,

I have been racking by brains the last several days deciding to whether I should send out GW's to a few CO accounts that first reported late's back in May-Sep. '10 that I settled on. I'm still paying on the last two CO every month. So the question is, should I bother sending GW's to have the late's reported on my credit removed or just let it go for NOW if it's not really effecting my score's? One reason I haven't sent GW's out yet is because from what I have been reading on these board's, could cause more harm than good. Especially when I'm trying to get a few more point's on my score's.

Shogun · ‎08-29-2012

How late? 30? 60? 90? if they are 30's they lose bite after 2 years, The bigger ones.. 90.. hurt till they fall off. YMMV of course.

Starting Score: 504
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.

Anonymous · ‎08-30-2012

Well this is where most of us get confused about our CR. Does it matter if it's a 120 day late or a CO? I just figured they all fall into the same negative bucket? Even if I get the late's removed, will the TL still show as a CO?