How to Write a Goodwill Deletion Letter
If your Credit Repair client is currently up to date on their payments and paying down their debt consistently, but an old late payment is attached to the account, don't worry! There's a way to remove the negative item and boost their Credit Scores!
It's called a Goodwill Deletion Letter, and you can write them to creditors on behalf of your clients.
Read on to learn:
When to use Goodwill Deletion Letters
Three urgent reasons to write Goodwill Deletion Letters
What to include in Goodwill Deletion Letters
When to use Goodwill Deletion Letter
When a Credit Repair client is up to date on their payments and paying down their debt consistently, but an old late payment is attached to the account, a Goodwill Deletion Letter can be written to the creditor requesting the removal of the late payments.
They're most effective at removing one or two missed payments from an account
Clients should have a good recent payment history with the creditor
Letters are sent directly to the creditor (i.e. Cable companies, Utility companies, etc.), not the Bureaus
What to include in Goodwill Deletion Letters
Your Client's Information: This letter (like all the Dispute Letters) is coming from your client and should reflect their information, not yours (the credit repair company)
The length of the relationship between the customer and the creditor
The request for a Goodwill Deletion for reporting to the Bureaus
The length of consistent, improved, on-time payment history
Specific, personal reason(s) for late payment (why the late payment was an anomaly)
A sincere request to remove the late payments in consideration of all of the above
