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Do "Good Will" letters work on closed accounts?


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I have a Ford Motor Credit auto loan account that I paid off in Oct 2004. I had a rough spell in late 2003/early 2004 which resulted in 6 - 30-day late pay marks on this account.

I have disputed it off and on for 1 year. (I should have been more aggressive but I got discouraged.) Anyway, I'm ready for battle now. I'm disputing this account with the CRA's currently but want to know if writing the OC a "Good Will" letter will work or is this an old tactic that just doesn't work anymore?

I've paid the debt off.....I just need some help in removing the lates or other advice to fix this account.

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Just did mine about 2 weeks ago with good results.

Draft up a goodwill letter, get the mail address for as many CEO's of as many parts of that company, including the CEO. Get Fax numbers as well. SEND EM. send of 20-50.... it only takes one person to be having a good day.

Send them simple stamped mail and be sincere. Mine are being deleted now.

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Quote:

Dear Credit Card Company:

I have been an MBNA customer since 1995 and during that time, I have enjoyed my experience with MBNA greatly. I am writing to see if you would be willing to make a “goodwill” adjustment to your reporting to the three credit agencies. I have a few late payments on the above referenced accounts that date back to 1998 and 1999. All but 1 of the late payments are 30 day lates. Since that time I have been an exceptional customer paying early every month and have been rewarded by MBNA with ever increasing limits and lower APRs.

Because of my exceptional payment history over the last 3 years, I would like you to consider removing the negative payments from my credit report. At the time of those late payments, I was a full time college student without a job. I say that not to justify why the payments were late, but rather to show that the late payments are not a good indicator of my actual credit worthiness. I hope that MBNA is willing to work with me on erasing these marks from my credit reports.

I have been a very happy customer in the past and hope to continue a long relationship with MBNA. With today’s credit industry so competitive, I know how important it is to maintain good relationships with customers. MBNA has been exceptional in my book so far and I highly recommend it to all my friends and relatives. I hope that you will deeply consider my request and prove once again, why MBNA is heads above the rest. I look forward to your reply.

Your Name

Letter 2:

Quote:

Dear [card company],

I am writing to express how much I enjoy shopping at [store]. I have a question pertaining to a store charge account that I opened in __________. The charge account number is xxxxxxxx.

I opened the store charge in ____________, made a purchase for $$$$, paid the

balance off, and closed the account (in excellent standing) the same month. I

noticed that even though the account was paid and closed before one month, it

was already being reported on my credit reports with the three major credit

bureaus (Experian, Equifax, and Trans Union).

Although the [card company] tradeline is reporting accurately and in excellent

standing, I have noticed that my credit score is being affected negatively by

the addition of this account to my credit report in different ways, since the

credit score rating is influenced by the opening of new accounts and by the

average age of all accounts, which is in itself affected by opening of new

accounts. These are now my top two reason codes on my reports.

Although I do stress that the information being reported IS accurate (I am not

disputing anything with [card company]), I am asking [card company] to do a courtesy

gesture of goodwill to me and instruct the credit bureaus to remove this charge

account, which was opened for less than one month, from my credit reports.

Essentially, I would like to "de-clutter" my credit report, and I don't want an

account that was opened for only one month present on my credit report, and

decreasing my credit score.

I do recognize that this request is unique and that it may not be normal policy

for[card company]. I have also been told that [card company] *has to* report all accounts,

but I would like to mention that the Fair Credit Reporting Act does *not*

demand that all accounts be reported, but rather - that any account that *is*

reported simply be reported accurately. Therefore, a company does have legal

discretion and permission to remove any account it chooses from the credit

report. I'm hoping that [card company] will do that in my case for this charge card

account.

Therefore, please remove charge account # xxxxxxxx from my credit

reports as a courtesy. Thank you for considering my query. I look forward to

your response.

My Name

Letter 3:

Quote:

Dear Credit Card Company:

I have been an MBNA customer since 1995 and during that time, I have enjoyed my experience with MBNA greatly. I am writing to see if you would be willing to make a “goodwill” adjustment to your reporting to the three credit agencies. I have a few late payments on the above referenced accounts that date back to 1998 and 1999. All but 1 of the late payments are 30 day lates. Since that time I have been an exceptional customer paying early every month and have been rewarded by MBNA with ever increasing limits and lower APRs.

Because of my exceptional payment history over the last 3 years, I would like you to consider removing the negative payments from my credit report. At the time of those late payments, I was a full time college student without a job. I say that not to justify why the payments were late, but rather to show that the late payments are not a good indicator of my actual credit worthiness. I hope that MBNA is willing to work with me on erasing these marks from my credit reports.

I have been a very happy customer in the past and hope to continue a long relationship with MBNA. With today’s credit industry so competitive, I know how important it is to maintain good relationships with customers. MBNA has been exceptional in my book so far and I highly recommend it to all my friends and relatives. I hope that you will deeply consider my request and prove once again, why MBNA is heads above the rest. I look forward to your reply.

Your Name

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lyle7289

I just sent out 22 letters to Capital One in an effort to have 1 30 day and 1 60 day late showing on my open cc account with them which I have maintained for 5 years.

I was able to locate 15 names to send the goodwill letters to including an address for the executive officers which is a different address than I addressed the customer service dept goodwill letters to.

The Capital One executive officer names/titles addresses can be found by reviewing the 2006 Proxy statement located on the main Capital One website and clicking on the investor relations link.

I will tell you how it goes. I'm currently sending another batch our to First Premier Bank as I have 2 30 day lates appearing from this CC account as well.

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