topic Re: Goodwill Letters in General Credit Topics

Goodwill Letters

Anonymous — Sun, 08 Jul 2007 20:46:54 GMT

Hi, I apologize if I am posting this topic in the wrong section, but feel free to flame away. I was wondering how effective are goodwill letters on cc accounts that have been sent to collection. I notice that the actual CA is not listed on my credit report, but rather just it's listed as charge-offs under the cc on my report. Would I write a GW letter to the CC company or the collection agency? I apologize if this was already covered in the forum, I did a search and it didnt turn up anything. Thanks, ibe

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 20:50:44 GMT

If it's unpaid, your chances of getting GW are probably about zero. Pursuit of a PFD is what you want.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=5933

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2659

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 20:58:26 GMT

they are actually all paid for, about a year before i stumbled upon the myfico website

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 21:07:51 GMT

oops, sorry, forgot to add in that I didn't take the settlement offer offered from the collection agency. I just paid it all in full. so would my chances of having a GW letter be more effective since I did pay everything in full?

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 21:08:55 GMT

My bad. I misread 'em as unpaid.

Absolutely pursue GW with paid accounts. Lates, paid collections, paid chargeoffs, even settled accounts.

Read my GW primer at the link above. There's a link to Tuscani's GW letter and some of mine.

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 21:11:29 GMT

thanks a lot Noah!

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 21:42:17 GMT

would I have to include anything else besides the letter when mailing it out? or just the cc number on the letter? any other documents that I would need? I just finished typing up the letters, and couldn't find anything under tuscani's posting on what else to include that will help my case.

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 21:49:38 GMT

Check your TU report. They almost always list account numbers in full. Include that number. OCs sometimes when closing defaulted accounts assign a new account number to use as reference.

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 21:57:19 GMT

And don't pay for your TU report.

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=12881

Re: Goodwill Letters

Anonymous — Sun, 08 Jul 2007 22:12:24 GMT

thanks again Noah! You're been such a big help, I just pulled a copy of my TU report, and the address and phone numbers are all on there, and the cc accounts as well. ^_^

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 03:08:06 GMT

i just realized this, but it seems that the collection agencies aren't on my CR directly, but the CCC list my "credit obligations" as Paid Charge Offs, closed by grantor, sold to collection, etc etc, but i can't find the names of the collection agencies anywhere on my reports. now are these because the CA didn't report it, right? and so would my GW letters go directly to the CCC/Original Creditor? I just want to make sure before I put the stamps on these envelopes and seal the deal.

anyone else have luck with GWs to Chase, Cap One, CitiBank, Household/HSBC?

thanks,
ibe

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 03:13:12 GMT

That means you got it taken care of before the CA reported. Good job.

Send the GW letters to the OC's

ibe333333 wrote:
i just realized this, but it seems that the collection agencies aren't on my CR directly, but the CCC list my "credit obligations" as Paid Charge Offs, closed by grantor, sold to collection, etc etc, but i can't find the names of the collection agencies anywhere on my reports. now are these because the CA didn't report it, right? and so would my GW letters go directly to the CCC/Original Creditor? I just want to make sure before I put the stamps on these envelopes and seal the deal.

anyone else have luck with GWs to Chase, Cap One, CitiBank, Household/HSBC?

thanks,
ibe

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 03:31:19 GMT

Thanks! It just seems odd that my 6 charge-offs were from 2003, and i just paid them in full in may 2006, and yet nothing on my CRs...hmmm, this is just probably too good to be true...

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 03:40:44 GMT

OP: anyone else have luck with GWs to Chase, Cap One, CitiBank, Household/HSBC?

thanks,
ibe

I sent a PFD to Cap One less than two weeks ago. I have ask on the forums if any one has had any good luck or dealings at all with a PFD with Cap One. I have't gotten any reponses from anyone. I do know that Cap One is a hard one to deal with....they are tough.

Good luck, hopefully they will all work in your favor.

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 07:31:12 GMT

ibe333333 wrote:
i just realized this, but it seems that the collection agencies aren't on my CR directly
...
anyone else have luck with GWs to Chase, Cap One, CitiBank, Household/HSBC?

Even if the CA were on your CRs, I'd still send the GW letters to the OC. Almost always send GW to the OC. CAs have no reflection and stay outta direct sunlight.

Cap One and HSBC don't seem to be very responsive to GW attempts. But do NOT let that dissuade you. Proceed ahead and try for it.

Citi, based on past and recent experience, I'm inclined to say is receptive to GW.

Chase, I got 3 accounts deleted thru GW.

http://fico.lithium.com/fico/board/message?board.id=generalcredit&message.id=2716#M2716

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 22:25:48 GMT

well, i just sent out 6 GW letters to the following:

CrapOne (almost typed in CapOne, but it seems the former is the popular lingo around here)

Household Bank/HSBC

M&I Bank (my very first visa card during high school)

CitiBank

1st Financial Bank

Chase

I'll keep everyone posted, and wish me luck. Now, one more question - if I get no response, do I keep sending out GWs??

Re: Goodwill Letters

Anonymous — Mon, 09 Jul 2007 23:09:07 GMT

If you get absolutely no response, post again after 6 weeks. Elicit for contact info anyone has found worked with a particular OC.

Re: Goodwill Letters

Anonymous — Mon, 16 Jul 2007 12:33:40 GMT

@Anonymous wrote:
well, i just sent out 6 GW letters to the following:

CrapOne (almost typed in CapOne, but it seems the former is the popular lingo around here)

Household Bank/HSBC

M&I Bank (my very first visa card during high school)

CitiBank

1st Financial Bank

Chase

I'll keep everyone posted, and wish me luck. Now, one more question - if I get no response, do I keep sending out GWs??

I just checked my CR, and my DEROG accounts went from 6 to 5, so I'm assuming one of them noticed by GW. Hopefully this boosts my FICO!!

Re: Goodwill Letters

Anonymous — Tue, 11 Dec 2007 12:50:26 GMT

I am new to the site, but I have learned so much in short period of time! My question is..who should a GW letter be addressed to within a company to get a positive result. I am sending one to Finance America to try to get a couple of late payments removed, but have hit a wall trying to get a name of someone to help me. Any suggestions?

Re: Goodwill Letters

Anonymous — Tue, 11 Dec 2007 14:27:48 GMT

I sent my GW letter a few weeks ago so I don't know if it worked yet but I just called the credit card company (Citi) and discussed my account, you know asked them about a previous purchase or something just to get them on a friendly dimeanor and then said, "Hey by the way, I had some late payments from so long ago and I was telling my friend about how much I felt like this was hurting me and for no reason since I am such a different person now and he mentioned something called a Guh...Good? Good Will Letter? Is that right?" ... "Yes" ... "Where would you send something like that to?"

Got an address and even a few pointers specific to their company. He told me not to include the account number, only the last four digits and to make sure to have my name and current address. Hope this works for me. Hopefully it somewhat answered your question too.