topic Re: Any luck expediting a letter from GM Financial? in Rebuilding Your Credit

Any luck expediting a letter from GM Financial?

MrsCHX — Wed, 21 Dec 2022 23:34:17 GMT

Does anyone have any tips or suggestions for me?

I settled a charge off and they are saying they can't do a letter, I basically just have to wait 30-45 days for the update.

Please tell me there is a backdoor, a special department I can ask for...something. The bureaus won't accept a letter from the collection agency for rapid rescore. The account is on my credit report just as a GMF charge off, there isn't a separate collection account.

I can get approved now with FHA and 3.5% down. But if I can get the rapid rescore I would qualify for my state's no payment, no interest down payment loan which is obviously preferable.

Re: Any luck expediting a letter from GM Financial?

FireMedic1 — Thu, 22 Dec 2022 10:25:13 GMT

You settled with the CA. But who owned it? If GM has a balance showing they own it. Print out the next statement when it reflects $0 Balance. If GM has no balance. They sold it to the CA who owned the debt. You could try to make a copy of the CA bill and your reciept of payment to the CA.

Re: Any luck expediting a letter from GM Financial?

MrsCHX — Thu, 22 Dec 2022 12:44:43 GMT

I know. I said that in my post.

there is not CA account on my credit report, just the GM account. There is no statement; it's a charge off from an auto loan I was co-signer on.

and as I stated, I am asking if anyone has experience getting this expedited for them. I don't have up to 45 days to wait as this is the difference in my getting a FHA loan vs a conventional.

eta: the bureaus will not accept a letter from the CA for rapid rescore, hence my asking if anyone has been able to get a letter from GM FInancial.