Can a Goodwill Letter Help My Credit Score?
Can a Goodwill Letter Help My Credit Score? As consumers become increasingly aware of the importance of their credit score, it is only natural for them to want to take whatever measures necessary to maintain or improve their credit score. One such measure is writing a goodwill letter. A goodwill letter can be sent directly to creditors in order to ask that they remove negative items from the consumer’s credit report.
Though there is no guarantee that a creditor will remove any negative item from your credit report, writing a goodwill letter may prove worthwhile as creditors are often willing to negotiate if the consumer makes an effort and shows good faith in trying to repair their credit history. A well-crafted goodwill letter will explain why you have fallen behind on payments and make an earnest request for leniency towards past behavior in order to improve your current situation.
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