Goodwill Requests…Do They Work?
I get asked alot about goodwill requests. This is when a consumer may call a creditor and ask for a courtesy removal of a late reporting. For some reason, this tactic is commonly known to exist and thought to be very effective. I can tell you from professional experience, it is rarely effective.
Goodwill requests are more effective for mildly late accounts such as 30 days late, with a long account history that were isolated incidents. A creditor cannot, by law, report information that is inaccurate, therefore the goodwill request must not admit the late, and it must make the fault of the late payment unclear.
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