About three or four years ago, I cosigned for my girlfriends car loan
to make a long story short the payments went into collection. I settled with the collection agency for what they ask for thinking that that would be that. Needless to say I was wrong. This is showing up on my credit report as a major negative "a collection" should I send the credit agency a goodwill letter explaining the circumstances? Basically the car was stolen by a body shop that went out of business along with two of my cars. I have a letter from the collection agencies stating that I have paid. And I also have police reports. One of the credit agencies "at least one that I know of", allows you to incorporate a personal letter into your credit report. Is this the same thing as a goodwill letter? My credit right now, I believe is decent, high 600s on one low 700s on the other two. Recently I have been working very hard paying off any outstanding loans, purchased all three credit reports. But this one collection is really hurting me, is there anything I can do? Thanks again, in advance to those that respond.
