Sending Good Will Letters

[Anonymous]

If I send Good Will letters will they result in a dispute? I contacted a customer service rep at myfico and they recommended that I dont open up disputes if I'm going for a mortgage soon because the disputes can inadvertenly lower my scores? I have alot of lates with Chase and Capital One due to my spouse cancelling debt consolidation and just irresponsibility on my part.

[Shokk]

I've never had a dispute lower my scores.  But yes, I've seen the dispute remark show up on accounts after sending good will letters.  No clue why they do that.  I try and make it very clear in my GW letters that I'm not disputing anything, but it doesn't always work,

[gdale6]

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@Rickdoc1 wrote:

If I send Good Will letters will they result in a dispute? I contacted a customer service rep at myfico and they recommended that I dont open up disputes if I'm going for a mortgage soon because the disputes can inadvertenly lower my scores? I have alot of lates with Chase and Capital One due to my spouse cancelling debt consolidation and just irresponsibility on my part.

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Prior to authorizing your mortgage pull you want to pull all 3 yourself and make sure any dispute comments have been deleted it can be done by phone, you will need an actual report number to call them so get the pulls directly from the CRAs themselves.

[Anonymous]

Capital One seems to be notorious for confusing GW request with disputes.

[Anonymous]

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@Rickdoc1 wrote:

If I send Good Will letters will they result in a dispute? I contacted a customer service rep at myfico and they recommended that I dont open up disputes if I'm going for a mortgage soon because the disputes can inadvertenly lower my scores? I have alot of lates with Chase and Capital One due to my spouse cancelling debt consolidation and just irresponsibility on my part.

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Disputes don't lower your scores, they tend to artificially inflate your scores since disputed items are not included in scoring. Thats why most underwriting requires no disputed items on your reports.

[SunriseEarth]

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@Rickdoc1 wrote:

If I send Good Will letters will they result in a dispute? I contacted a customer service rep at myfico and they recommended that I dont open up disputes if I'm going for a mortgage soon because the disputes can inadvertenly lower my scores? I have alot of lates with Chase and Capital One due to my spouse cancelling debt consolidation and just irresponsibility on my part.

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There is a risk that a lender may interpret GW letters as a "dispute," which is why many people note in their letters that they are not seeking to initiate a dispute.  

[Anonymous]

Thanks everyone for your support. I will continue with this journey step by step.

[Anonymous]

Hello All,

I just sent Good Will letters to creditors to remove latenesses on accounts that have been closed. I sent them to C/O Executive office. Hope the right person recieves the letters.