topic Re: YESSSSS! GW to Chase must have worked like a charm! in General Credit Topics

YESSSSS! GW to Chase must have worked like a charm!

coachhenson — Thu, 19 Jul 2007 19:54:44 GMT

I sent a GW (my first ever!) to Chase Manhattan Mortgage about some old late payments on a mortgage from a home I sold a few years ago. Not only did they change the status to Pays As Agreed (from derogatory), they also removed ALL the late payments for the four years I had it! 8 30 day lates and 5 60 day lates!

Please don't scold me for the number of lates...I was a kid. I am working very hard to make right on EVERYTHING!

Thanks Chase!!! The next home I finance, I will start with them!!!!!!!!!!!!!!!!!!!!!!

Message Edited by coachhenson on 07-19-2007 12:54 PM

Re: YESSSSS! GW to Chase must have worked like a charm!

MidnightVoice — Thu, 19 Jul 2007 19:56:17 GMT

Nice one. Now wait and watch the bump in your scores

Re: YESSSSS! GW to Chase must have worked like a charm!

Anonymous — Thu, 19 Jul 2007 19:58:24 GMT

That should give you a very nice score boost. good work! congrats!

Re: YESSSSS! GW to Chase must have worked like a charm!

Anonymous — Thu, 19 Jul 2007 19:59:27 GMT

Congratumalations!!!

Re: YESSSSS! GW to Chase must have worked like a charm!

coachhenson — Thu, 19 Jul 2007 20:03:36 GMT

Thanks! How long to do you think it will take to bump the score? I mailed it on July 16 and just got the adjustment to my reports!

Here is the letter I sent:

Name

Street Address

City, GA Zip-0000

Regarding Account # ************

Customer SS# *********

July 16, 2007

Chase Manhattan Mortgage

1400 EastNewportCenter

Deerfield Beach, FL33442

To Whom It May Concern:

I am writing to see whether Chase Manhattan would consider making a goodwill adjustment to the credit reporting bureaus on my closed/transferred mortgage account. I am humbly asking whether Chase Manhattan would remove the adverse late payments reporting from these accounts in reporting to the credit bureaus. I understand this is a rather unusual request--particularly as my accounts fell behind upwards of 60 days but Chase was always willing to help me instead of moving into foreclosure. Never did I feel threatened during my time of youthful financial mismanagement.

Chase Manhattan Mortgage was extremely helpful in working with me at a time of job changes, my wife’s layoff and missed payments. The ease with which I was able to resolve this account and ultimately sell the home gave us a lesson learned and helped us to move forward.

If what I ask is too much, then any goodwill adjustment to the reporting bureaus would be most appreciated. I am in the process of repairing my credit to help buy a new home and the adjustment would definitely help me with my FICO score and this endeavor in home ownership.

Regardless of your decision, please know that we thank you for helping us at a time when it was needed, and I hope and plan to do business with Chase again one day.

Sincerely,

My Name

Re: YESSSSS! GW to Chase must have worked like a charm!

Anonymous — Thu, 19 Jul 2007 20:04:05 GMT

Awesome job, coach!!

Re: YESSSSS! GW to Chase must have worked like a charm!

sl — Thu, 19 Jul 2007 20:07:45 GMT

Way to GOOOOOOOOOO!!

Us FICO fans are waiting to hear what your new FICO score is?

Fico minds wants to know!

Re: YESSSSS! GW to Chase must have worked like a charm!

coachhenson — Thu, 19 Jul 2007 20:15:40 GMT

My score hasn't changed (yet). I am hoping at the next big update it will.

Re: YESSSSS! GW to Chase must have worked like a charm!

sl — Thu, 19 Jul 2007 20:16:49 GMT

Please keep us posted, we all love success stories.

Re: YESSSSS! GW to Chase must have worked like a charm!

Anonymous — Thu, 19 Jul 2007 20:17:25 GMT

that's a nice letter btw!

Re: YESSSSS! GW to Chase must have worked like a charm!

marquavis — Fri, 20 Jul 2007 17:28:46 GMT

Thanks for that letter. I am going to send it to an old mortgage company that has some 60 day lates on it from 5 years ago!

Re: YESSSSS! GW to Chase must have worked like a charm!

Anonymous — Wed, 02 Apr 2008 02:27:03 GMT

bump - did you ever see rise in your scores?