How can I use goodwill letters to get negative information removed from my credit report?

Last Updated: Jun 11, 2013 04:23AM UTC

Goodwill letters are a request to leniency in cases where creditors have placed negative information on your credit report. These letters are typically used once an account has been paid off. Oftentimes, the request is used to remove late payments, collections, or other negative entries.

An effective goodwill letter might simply ask for an adjustment to your credit history rather than requesting specific items be removed. Oftentimes this request is sent along with an explanation for why these mistakes were made in the first place.

Lenders are not required to honor your request. Any negative information can stay on your credit report for seven years.

More information and help with creating goodwill letters can be found in The Credit Solution Program.

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