topic Re: Goodwill letters in Rebuilding Your Credit

Goodwill letters

Anonymous — Tue, 07 Mar 2017 19:39:51 GMT

I have heard that you can write goodwill letters to companies in efforts to get them to remove the delinquencies from your report before the 7 years are up? Suggestions? Successes? Advice?

Re: Goodwill letters

gdale6 — Wed, 08 Mar 2017 16:52:52 GMT

@Anonymous wrote:
I have heard that you can write goodwill letters to companies in efforts to get them to remove the delinquencies from your report before the 7 years are up? Suggestions? Successes? Advice?

Yes you can request a good will removal from a TL that is reporting, best bet is to send request to the office of the CEO of the reporting creditor. Welcome to the board

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/GW-letter-Q-amp-A-Examples-and-GW-Success-Stories/td-p/1573680

Re: Goodwill letters

Anonymous — Wed, 08 Mar 2017 17:20:53 GMT

Thank you for your response! Can you please let me know what a TL is?

Re: Goodwill letters

Anonymous — Wed, 08 Mar 2017 17:28:22 GMT

@Anonymous wrote:
Thank you for your response! Can you please let me know what a TL is?

Tradeline. Below is a link to some of the common abbreviations used on the forum.

http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/m-p/88458

Re: Goodwill letters

Anonymous — Tue, 14 Mar 2017 20:54:49 GMT

What's the creditor and the problems you're trying to have removed (and how long ago)? Some are easier than others, and some creditors (ahem, Wells Fargo, ahem) are darn near impossible.

Best advice I've gathered is keep persistent, answer and adress personally (so it's not a form letter), and if at all possible show how the negative item is very out of the norm for your profile. One 30 day late 3 years ago with an otherwise spotless record across 20 accounts, probably not the norm and will get more traction than 11 late payments up to 90 days and a chargeoff settled but paid less than agreed, no matter what the reason. True story (the second one not the first).

And remember it's a request not a right, you're humbly asking for a favor that they are not obligated to give you. But post your progress, it'll help others with similar rebuilding quests. Good luck!

Re: Goodwill letters

Anonymous — Tue, 14 Mar 2017 21:14:32 GMT

Agreed that Wells Fargo is one of the toughest nuts to crack. I think I've received 5 letters from them now (maybe it's 6, I've lost count) saying that they have sent requests to the 3B to have the negative information removed. As of now it still remains, despite their half dozen "requests." Still sitting tight on it, though!

Re: Goodwill letters

Anonymous — Tue, 21 Mar 2017 17:25:47 GMT

The ones I am looking to remove are:

US Dept of Ed

Sallie Mae

VW Credit

Some will drop off this summer, but I am hoping to get them off of my report sooner, with successful GW letters.

Re: Goodwill letters

Anonymous — Tue, 21 Mar 2017 17:57:07 GMT

@Anonymous wrote:
The ones I am looking to remove are:
US Dept of Ed

They absolutely will not. I am struggling to get them to correct inaccurate information currently.

As for the others, just try. Find as many contacts as you can and saturate them.

Always remember you are asking them for a favor, so give them a reason to do it, and reason to believe you are deserving of it.

Re: Goodwill letters

Anonymous — Sun, 02 Apr 2017 20:23:51 GMT

@Anonymous wrote:

Some will drop off this summer, but I am hoping to get them off of my report sooner, with successful GW letters.

If they're that close to falling off naturally, you can also try directly from the CRA for early exclusion. Apparently TU can allow info to be deleted 6 months early, EQ & EX can allow 3 months early.

Re: Goodwill letters

AllCredit — Mon, 03 Apr 2017 14:43:31 GMT

Seems like WF would be easier now considering all those ghost accounts that were opened up in customers names...

Anywho I will be trying the Goodwill Letter the a CU regarding late payment to see if they will remove it, they said no once but I will follow the advice here and keep asking.

Re: Goodwill letters

Anonymous — Mon, 03 Apr 2017 16:23:04 GMT

Thank you so much for your advivce. Would you file a disput with the CRA or write a specific letter? And to what department? Thanks in advance!

Re: Goodwill letters

Anonymous — Mon, 03 Apr 2017 16:30:14 GMT

BrutalBodyShots wrote:

BBS,

Have you tried uploading / sending a copy of that letter to the credit bureaus?

Re: Goodwill letters

Anonymous — Tue, 04 Apr 2017 15:55:46 GMT

Unless you were deployed or on public assisance or unemployment. Then EdFin will delete lates.