Credit Goodwill Letter
If you've been managing your credit well and have a good credit score, you may be wondering if it's worth it to send a goodwill letter to your creditor. A goodwill letter is simply a request for the creditor to review your account and see if they can offer any leniency on your interest rate or late fees. Check out how to write a good credit goodwill letter.
To whom it may concern,
This letter is being sent to thank you for your excellent service and to express my worry about a credit report record that is connected to my account.
I opened my account with your business around [year] ago and have consistently paid my balance in full each month. But in the month of [insert month], I went through [insert explanation] and was unable to do so.
As a result, the credit bureaus received a 30-day past-due payment record. I got back on track after that and have made all the following payments on time. To make sure that this doesn't happen again, I've also taken extra safeguards, including making a thorough budget, cutting back on costs, and setting up an emergency fund.
As a result, I'm pleading with you to overlook my financial blunder and allow me the chance to repair my credit score by removing the late payment from my credit record.
Sincerely, [your name]