cancel
Showing results for 
Search instead for 
Did you mean: 

Good Will Letters Going out in Tomorrow's Mail

Contributor

Re: Good Will Letters Going out in Tomorrow's Mail

I recieed a phone call from b of a after 9 letters in the mail that they are researching my concern and would contact me by phone again or mail. I guess that's better then a denial from the initial reciept.
8/2012 485 FICO
2/2013 611 FICO
6/2013 602 FICO

Message 11 of 34
Established Contributor

Re: GW Letter UPDATE!!!

That is awesome!!  Congrats!  This gives me hope for something I need to send out.  I got a verbal no but I'll send a GW til I hit the right person who's in a good mood and has had their lunch already.  Smiley Wink

FICO: EQ 768 | TU 813 | EX 781

Amex BCE $25000, SFFCU Visa $15000 + LOC $5000, USAA Amex $6000, USAA MC $7000, Cap1 $8000, Freedom $12000, Slate $500, Barclays "RIP" SM $11500, USBank Cash+ $7500, Citi Diamond $7900, Citi Double Cash $3700, Care Credit $13500k.
My Credit Repair Journey
Message 12 of 34
Established Member

Re: Good Will Letters Going out in Tomorrow's Mail

Hey man, that's right.  Keep thinking positive, haven't you heard about the Secret? Smiley Happy

 


Starting Score: 584 on 02/28/13
Current Score: 639 on 04/15/13
Goal Score: 700


Take the myFICO Fitness Challenge
Message 13 of 34
Regular Contributor

Re: GW Letter UPDATE!!!

Congrats on hearing back from Chase.  That's good news.  Go and do that dance now!!!

 

 

NFCU Flagship Sig (24.5k); NFCU CashRewards (24.5k); NFCU NavCheck (15k); Chase Sapphire Preferred (15k) ;Chase Marriott Rewards (14k);US Bank Flex Perks (9k); Barclays Rewards (8k); Chase Freedom (14k); BOA Travel Rewards Sig (20k); BOA Privileges with Cash Rewards Sig (9k); Discover IT (6.5k); Walmart Discover (3k); Wells Fargo Platinum (9.5k); Wells Fargo LOC (10k); Bloomingdales Amex (5k); Macy's Amex (5k); Paypal Extras Mastercard (6k); Bananna Republic Visa (5.5k); Lowes (6k); Sams Club Discover (5k)....In the garden since 8/15/13



Message 14 of 34
Valued Contributor

Re: GW Letter UPDATE!!!

Aquinbean, what % of your overall CL did those cards you just paid off represent?

 

I've found that the rule of thumb tends to be for each 10% of utilization you pay down, you get about 10 points on your FICOs.

 

SW will alert you to score changes ONLY if you remember to re-set the target score to the current one OR you cross the target score with the change.

 

SW will not tell you about a deletion at all, but you may see a score bump with a list of theoretical reasons, none of which will be a deletion.

 


Starting Score: EQ 583 TU04 619 EX 592 (lender pull) 2010
Previous High Score: EQ 700 TU04 712 EX 726
Current Score: EQ 740 TU(Discover) 750 EX(AMEX) 747
Goal Score: 740+ all around


Take the myFICO Fitness Challenge
Message 15 of 34
Established Member

Re: GW Letter UPDATE!!!

I paid off 30% of my CC Debt with the cards I just paid off.  Every card was near 98% utilization.  I'm not sure that all of the cards have reported since I paid them off, since my statement dates differ between some of them.  I have my target score set at 1 point higher than the last updated score - I can't imagine that it would be going down.   Are you sure that the SW will not tell me about a deletion?  What if it is a collection deletion?
mauve wrote:

Aquinbean, what % of your overall CL did those cards you just paid off represent?

 

I've found that the rule of thumb tends to be for each 10% of utilization you pay down, you get about 10 points on your FICOs.

 

SW will alert you to score changes ONLY if you remember to re-set the target score to the current one OR you cross the target score with the change.

 

SW will not tell you about a deletion at all, but you may see a score bump with a list of theoretical reasons, none of which will be a deletion.

 


 


Starting Score: 584 on 02/28/13
Current Score: 639 on 04/15/13
Goal Score: 700


Take the myFICO Fitness Challenge
Message 16 of 34
Valued Member

Re: Good Will Letters Going out in Tomorrow's Mail

Good Luck!

 

 How are goodwill letters supose to mailed? Via reg. snail mail or do they need to be cert.?

 

 


Starting Score: EX 610 TU 680
Current Score: EX 657 TU 710
Goal Score: Overall 750


Take the myFICO Fitness Challenge
Message 17 of 34
Valued Member

Re: Good Will Letters Going out in Tomorrow's Mail

I love the Secret!Smiley Happy


Starting Score: EX 610 TU 680
Current Score: EX 657 TU 710
Goal Score: Overall 750


Take the myFICO Fitness Challenge
Message 18 of 34
New Member

Re: Good Will Letters Going out in Tomorrow's Mail

okay ill bite whats The SecretSmiley Wink

Message 19 of 34
Valued Member

Re: Good Will Letters Going out in Tomorrow's Mail

That's great news!! I'm in the process of sending out GW letters for the same situation. I can't wait for my heart to race when I open my mailbox. Hopefully I'll have a little bit of the same luck you had. Thank you for posting!

March 13, 2013: FICO EQ 543
February 5, 2014: FICO EQ 603
Five accounts with negative indicators, 2 accounts in collections
In my wallet: Capital One Secured $500 / Fingerhut $500 / First Premier $700 / Credit One $300 / J. Crew $250 / Express $250
Message 20 of 34