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.