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Goodwill Letter Stategy?

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OniStringer
Regular Contributor

Goodwill Letter Stategy?

Question for anyone. I have some lates on Cap One Auto. 

 

Gonna be about 2 years to finally be removed (last of baddies). 

Would it be good to pre post and envelope up a bunch of letters and just send them out every week or every couple days. We have a mailbox at my work i can just keep dropping them in. 

Started with LOW 500s - Actively rebuilding as of early 2019
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Message 1 of 6
5 REPLIES 5
FireMedic1
Community Leader
Mega Contributor

Re: Goodwill Letter Stategy?

Bout all you can do. They're the same on both ends credit vs auto. Tough nut to crack. If its a lonely 30 day. Its past doing any real damage any longer now. When my 1 late went poof. 7 pts. Oh Boy!


Message 2 of 6
OniStringer
Regular Contributor

Re: Goodwill Letter Stategy?


@FireMedic1 wrote:

Bout all you can do. They're the same on both ends credit vs auto. Tough nut to crack. If its a lonely 30 day. Its past doing any real damage any longer now. When my 1 late went poof. 7 pts. Oh Boy!


It's quite a few, just consistent 30 day lates but paid off the loan 3 months sooner than it was scheduled Smiley Sad sucks lol

Here is a visual.

2A301AAC-2D5A-4E05-B511-DCD810513C99.jpeg

Started with LOW 500s - Actively rebuilding as of early 2019
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Message 3 of 6
FireMedic1
Community Leader
Mega Contributor

Re: Goodwill Letter Stategy?

I could see 1 going away with the stars aligned. Isnt easy.

Check this out:

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-... 


Message 4 of 6
OniStringer
Regular Contributor

Re: Goodwill Letter Stategy?


@FireMedic1 wrote:

I could see 1 going away with the stars aligned. Isnt easy.

Check this out:

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-... 


Appreciate this link. That was very informative and probably would have never found it. 

Started with LOW 500s - Actively rebuilding as of early 2019
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Message 5 of 6
FireMedic1
Community Leader
Mega Contributor

Re: Goodwill Letter Stategy?

@OniStringerNo problem. If it lands on the right desk. Might pop.


Message 6 of 6
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