Goodwill Letter to Remove Late Payments From Credit Report

When it comes to credit scores, even one late payment can have a huge impact on your financial future. Unfortunately, mistakes happen and sometimes late payments are unavoidable. But if you’ve already paid off the debt in question, one way you can help improve your credit score is by writing a goodwill letter to the creditor or collection agency asking them to remove the late payment from your credit report. In this article, we’ll cover what a goodwill letter is, how it works and provide tips on how to craft an effective goodwill letter that may help you get that negative credit report entry removed.


To Whom It May Concern,

I am writing this letter to explain why I had late payments on my credit report and to request that they be removed.

The late payments occurred due to a period of financial hardship I experienced in [year]. During this time, I was unable to make timely payments on my credit card due to a decrease in my income. I have since been able to resolve the issue and have been making all payments on time since then.

I understand the importance of having an accurate credit report and would like to ask for your consideration in removing the late payments from my record. I am confident that if given a chance, I can prove that I am capable of managing my finances responsibly.

Thank you for your time and consideration.

[Your Name]

A goodwill letter can be a powerful tool to help restore your credit and remove late payments from your credit report. While the process of writing one can be time-consuming, the potential benefits could make it worth the effort. In addition to improving your credit score, you may also be able to negotiate better terms with creditors or lenders in the future. By understanding the process and taking advantage of this valuable resource, you can take control of your financial future.