Jump to content

GW letter- how's this sound?


Recommended Posts

This will be, actually, the first correspondance I'm sending out to any of the creditors. I figured I'd start with this one, since I have a good shot at this actually working. Nothing like a success to get you going!

Anyway, this is a bit of a re-write of one of the letters on this site. I think it's ok but figured it wouldn't hurt to get some input before sending it off.


Somewhere in PA



Xyz street

somewhere else in PA

April 20, 2007

Dear CEO

I am writing to you today regarding my Acct. #xxxx, a car loan for a 2002 PT Cruiser, which I opened in September of 2001. The purpose of my correspondence is to see if you would be willing to make a "goodwill" adjustment on the reporting of this account to the three credit agencies.

The first several years that I had this account, my payment history was good, as it was on previous loans through the credit union. When I fell and broke my leg a few years ago, for which I subsequently needed surgery, a lot of things really fell apart for me. I was unable to work for several months during my recovery. When I did return to work, my sales territory had suffered from my absence. My company promised that the customers would be taken care of by our telemarketing department, which never happened. I was forbidden, in writing, to contact customers while I was on medical leave, and was unable to do anything to prevent the erosion of my business. Sales can be a demanding and difficult job, and my competitors (naturally) took advantage of my absence, leaving my account base decimated when I returned. I worked hard to try to recover the business, but ultimately had to seek employment elsewhere. Also during this time, my husband had major back surgery which was immediately complicated by an antibiotic-resistant staph infection- again resulting in months of recovery including home-care nurses, during which he was unable to work. This placed extreme duress on our financial situation, and a lot of things fell behind.

I’ve been working very hard to get back on track, and one of the things that was a personal priority to me was getting caught up with this account- or at the very least, not falling any further behind. I made certain to make regular, on-time payments, and have done so for the past year and a half or more. Recently, I was able (finally!) to make a lump-sum payment to bring the account current, and I am committed to not ever having another missed or late payment. I provide this, not to justify why the account was unpaid, but rather to show that the issue with the Credit Union is not a good indicator of my actual credit worthiness.

I know that this account is my responsibility and I am not attempting to justify the late payments. I am however hoping you might review the circumstances under which this occurred and consider removing the negative trade line associated with this account from my three credit reports. I am working very hard to improve the negative credit rating that I now have as a result of the financial difficulties I faced in recent past years. As you know, I’ve been a Credit Union member for a very long time, and I look forward to doing business with you in the future. I hope that the Credit Union is willing to work with me on erasing this mark from my credit reports.

I would like to STRESS that the information currently being reported IS accurate, (I am not disputing anything with the Credit Union). I am simply asking for a courtesy gesture of goodwill in having the credit bureaus remove this account from my report. I do recognize that this request is unique and that it may not be the Credit Union’s normal policy. Please consider that the Fair Credit Reporting Act DOES NOT demand that all accounts be reported, only that any account that is reported 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 you will do that in my case for this account.

Your kind consideration in this matter is greatly appreciated.

Best Regards,

Sound ok?

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.