Re: 611 Credit One Bank
11-08-2012 09:57 AM
To Whom It May Concern:
RE: Account number ending in: 0663
I am writing to see if you would be willing to make a "goodwill" adjustment to your reporting to the two credit reporting agencies (Experian and TransUnion). The above referenced account was placed with you for collections.
Because you are no longer attempting to collect a debt, I would like you to consider deleting the account from your records and stop reporting to the three credit reporting agencies. I am not aware of what account this is in reference to other than a credit card. I do not recall opening a credit card with your company but it was almost 7 years ago. Can you provide any information on the balance owed or the date of first delinquency? I was only 20 years old and going to college at the time the account was opened. I mention this not to justify neglecting to make timely payments but to show that my irresponsible behavior as a young adult is not a good indication of my actual creditworthiness. I understand that this is an unusual request--particularly as the account was in collections for some time.
The Credit One Bank representatives that I have spoken with over this time period were always very cordial with me. I have heard horror stories about aggressive collections agencies that will stop at nothing to collect a debt. I am happy to say that I did not have an experience like that with Credit One Bank. When the subject comes up, I often mention how impressed I am by how courteous and respectful your representatives have been to me. I appreciate your patience during this time of learning for me. As I have gotten older, I have become more and more aware of the need to honor my financial obligations. I have maintained excellent payment records with all of my creditors; I have never had a single late payment on any of my other accounts.
I have been married for a year now and my wife and I are about to begin the process of buying our first home. This collection account on my credit report is having a negative impact on my FICO score which may prevent me from being able to secure financing for a home purchase, or it may greatly increase the cost of doing so. Since this collection account is not a reflection of my current creditworthiness, I am requesting that you give me a second chance by deleting this account. I sincerely hope that there is redemption at Credit One Bank and I beg you for such consideration. Please let me know if you require any further information from me that would help in reaching a positive outcome. Thank you very much for the time you have taken to read my letter.