Contributor
Isaiah2990
Posts: 86
Registered: ‎04-28-2012
What to do if no one is offering PFD or GW ?

I know it's only been a week since I sent out GW and PFD letters, but what do I do if no one is willing to agree to a gw or pfd ?..I was already denied a gw on 1 late payment from Wells Fargo today.. I don't mine paying in full.


Starting Score: FAKO EQ 497 EX 516 TU 517 (4.28.12)
Current Score: FICO EQ 587 (9.29.13) TU (GECRB) 596 (2.19.13) EX (USAA) 482 (3.12.13)
Goal Score: 700 all across the board!
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Valued Contributor
DaveSignal
Posts: 2,111
Registered: ‎07-29-2011
Re: What to do if no one is offering PFD or GW ?

Keep paying all of your bills on time.  Try again in a month or two.

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Contributor
Isaiah2990
Posts: 86
Registered: ‎04-28-2012
Re: What to do if no one is offering PFD or GW ?

DaveSignal wrote:

Keep paying all of your bills on time.  Try again in a month or two.


Did it work for you ?


Starting Score: FAKO EQ 497 EX 516 TU 517 (4.28.12)
Current Score: FICO EQ 587 (9.29.13) TU (GECRB) 596 (2.19.13) EX (USAA) 482 (3.12.13)
Goal Score: 700 all across the board!
Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
Re: What to do if no one is offering PFD or GW ?
[ Edited ]

You joined the message board on 4/28 -- so it has been 2 weeks since joining. My guess is you are new to the journey know as credit rebuilding.

 

HSBC denied my goodwill attempt over 50 times before deletion.

 

Santander, I wrote over 20 letters and emails.

 

I have written over 300 letters at this stage, hundreds of emails, and spent hundreds of dollars in postage for 19 accounts. I have removed 16 of them with this effort.

 

Some of them denied PFD, so I paid in full and GWed them. A couple accounts have refused to work with me at all. It happens.

 

The keys are persistance, effort, creativity and thick skin. You will be denied all the time, just keep trying. It is WAYYYYYYY too early for you to expect results around the board, it often isn't an immediate thing.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
New Contributor
wmcodywilson
Posts: 61
Registered: ‎01-27-2012
Re: What to do if no one is offering PFD or GW ?

Im with scott on this one. I started in February with PFD and GW'ing. It takes a lot of hard word and a lot of time. Ive had some success but there are still 5 baddies left on my report that I still need to take care of.

 

What I do is send emails and letters, both of which are already written out and crituqued, and then play the waiting game. If I get a denial, I usually do it again the same exact day. I do try and research different contacts though.

 

But good luck to you and keep your head held high. You already made an excellent step towards fixing your credit!


Starting Score: EQ 489 1/2012 TU 493 1/2012
Current Score: EQ 547 5/2012 TU 562 5/2012
Goal Score: 700


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Contributor
Isaiah2990
Posts: 86
Registered: ‎04-28-2012
Re: What to do if no one is offering PFD or GW ?

wmcodywilson wrote:

Im with scott on this one. I started in February with PFD and GW'ing. It takes a lot of hard word and a lot of time. Ive had some success but there are still 5 baddies left on my report that I still need to take care of.

 

What I do is send emails and letters, both of which are already written out and crituqued, and then play the waiting game. If I get a denial, I usually do it again the same exact day. I do try and research different contacts though.

 

But good luck to you and keep your head held high. You already made an excellent step towards fixing your credit!


Do you use the same letters when sending it to the same company ? or do you make adjustments to it ?


Starting Score: FAKO EQ 497 EX 516 TU 517 (4.28.12)
Current Score: FICO EQ 587 (9.29.13) TU (GECRB) 596 (2.19.13) EX (USAA) 482 (3.12.13)
Goal Score: 700 all across the board!
Valued Contributor
rootpooty
Posts: 1,772
Registered: ‎10-28-2011
Re: What to do if no one is offering PFD or GW ?

you could try using linkedin.com. my girlfriend has used it to find the higher ups in companies that refuse goodwills and its worked sometimes

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Contributor
Isaiah2990
Posts: 86
Registered: ‎04-28-2012
Re: What to do if no one is offering PFD or GW ?

rootpooty wrote:

you could try using linkedin.com. my girlfriend has used it to find the higher ups in companies that refuse goodwills and its worked sometimes


Thanks I was using jigsaw at first, but I'll give it a try.


Starting Score: FAKO EQ 497 EX 516 TU 517 (4.28.12)
Current Score: FICO EQ 587 (9.29.13) TU (GECRB) 596 (2.19.13) EX (USAA) 482 (3.12.13)
Goal Score: 700 all across the board!
Valued Contributor
rckstrscott
Posts: 2,660
Registered: ‎04-25-2011
Re: What to do if no one is offering PFD or GW ?

Isaiah2990 wrote:

rootpooty wrote:

you could try using linkedin.com. my girlfriend has used it to find the higher ups in companies that refuse goodwills and its worked sometimes


Thanks I was using jigsaw at first, but I'll give it a try.


I change it up ALL the time. When I did HSBC last (which finally worked) I think  I sent letters to like 8 different addresses. Sometimes I use different sized envelopes. Sometimes I try other creative things (I sent Hunter Warfield on of those xmas popcorn things. I didn't work lol)

 

Just be creative and work hard. You will see results

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
Contributor
retroAction
Posts: 91
Registered: ‎04-24-2012
Re: What to do if no one is offering PFD or GW ?

Just stick with it. It may take time and stamps but the odds are in your favor as long as you keep working on it. What are the GWs for? Are you sending them to CC companies or to CAs?


Current Score: EQ Fico 651 (5/22/2012)
Goal Score: 720


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