Rebuilding Your Credit

[zinjasub]

I have been reading the posts around but have been able to really answer my questions directly. SO here it goes

3 questions

1) I have several accounts that had delinquency from 30 alt the ways to charged off for being over 120 days.(While i was deployed)  the worst of those was 2.8 years ago. I have not missed a payment on anything after that. Those accounts have been all payed off. Is a Good Will Letter going to work/How do i word it

2) Can i word the letter request they change it to more positive (payed as aggred) standing vice remove the the account all together?

3) Does anyone have any examples they can send me that are scrubbed so i know how to word them?

[2NE1]

Can you post the names of the original creditors (OC)?

From experience, I have tried goodwilling Charged-Off accounts to state: Paid As Agreed - instead of having them removed but I have no been successful yet. I think they would rather delete the entire TL than change the status.

[zinjasub]

Ok here they are 3 are open. i believe the goodwill letter will work with them. (Captial One, Military Star, and USAA)

the closed ones are Citi bank x2, HSBC Bank, LVNV Funding (Collection Agency), Navy Federal Credit Union

[Tjones1224]

Im looking to send a GW to Capital one also, but truthfully I really just want the lates removed. Seeing that Capital One has labled the account as CO, I have to pay the CA their working with, but its Capital One that is reporting it to the CRAs. My plan of action after talking to both companies today is to write a GW to remove the lates and I will PIF. I have faith the GW will work, I need to find someone with some clout to address it to though, and Im good to go!

[2NE1]

@zinjasub - Good luck getting HSBC to report Paid As Agreed. They're tough to deal with.

[zinjasub]

Anyone know who I should address them to?

[2NE1]

You can send it to the address on your CR but add:

Attn: Credit Bureau Reporting

check your inbox!

[9041]

I can happily report a good outcome using the Good Will Letter approach. Having joined myFICO I read through the forums to see if there were ways to improve my overall credit scores. I only had one revolving credit account, with J Crew, that had 3 payments 30 days old (meaning 1 missed payment) 3 months in a row. That was 2 1/2 years ago. Other than that revolving credit wise I'm clean. So I said what the heck. I researched and found what I thought was a good, simple, GW letter. I researched and evaluated and determined the best approach was to write to the CEO. Not their Columbus, OH location where payments are made or to someone lower. This may not work for everyone. I sent the letter July 23rd 2012. I got a call on August 1st (yep, believe it) on my cell. It was their Columbus, OH location. They were following up on my GW letter. They didn't have the precise dates since it was so far back. I shared them with her to be consistent with my GW letter in case they were verifying. She said that was all that she needed and they would report to the 3 credit agencies and get this fixed. I checked today August 3rd 2012 and it has been cleaned off all 3 credit agencies. My Experian score went from 745 to 768 due to that one change. Not a giant change but it does show one thing can improve your score by 23 points. I don't know if everyone would have the same experience. But for the short time it took to grab a sample GW letter, down load it, modify it, look up the CEO address and spend the stamp money it was worth it.

[reneern1]

Congratulations!! Every point is a point closer to your goal!! Could you PM me tht GW Ltr I would really appreciate it!!!!!