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Just got a 40 point jump on my credit score by asking for a goodwill adjustment on a late payment from 2022
I had a single 30 day late payment on my car loan from two years ago that was killing my score. I wrote a letter to the bank explaining I had a medical emergency that month and asked them to remove it as a one time courtesy. Has anyone else had luck getting late payments wiped off with a goodwill letter or am I just lucky?
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ramirez.vera5d ago
Oh wow, that's great it worked out for you! But nobody's talking about how timing is everything with these letters. If you send it during the holiday season or right before a major credit bureau update, they're way more likely to just say yes because everything is chaotic and they don't want to deal with paperwork... I learned that from a coworker who did collections years ago. Also, you gotta make sure you're asking the original lender, not the credit bureau, because the bureau can't help you. Send it certified mail too, that way they can't claim they never got it and you have proof.
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david_reed229d ago
My buddy did this with a credit card company and they actually wiped his late fee too.
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