|Make a goodwill letter work for you|
One method for removing late payments that many consumers have had good luck with is the goodwill letter. A goodwill letter is exactly what it sounds like: a plea to the creditor to delete the late payment notations from your credit report out of sheer good will.
Unfortunately, goodwill letters can fail for a variety of reasons. One common reason is that debtors, unsure of how to pen their own, unique, goodwill letter, simply copy and paste sample goodwill letters from the internet. After awhile, creditors recognize these copy-and-pasted letters as nothing more than form letters. This shows the creditor that you don't really care enough to take the time to pen your own letter.
I'm going to provide you with a step-by-step formula that will allow you to write your own unique goodwill letter without the frustration of trying to figure out just what to say and how to say it. I'll then show you an example of the completed formula as a completed goodwill letter.
Let's look at a sample letter broken down into the above elements. I'm going to use a random job and Capital One as my target, just for the purposes of the example.