Create a Past Due Payment Letter for Quality Assurance Effortlessly

Past due payment letter for Quality Assurance

is a late payment holding you back from that new car mortgage and you've tried disputing it but it just won't fall off well you're in the right place in the next few minutes you'll learn one of the most effective ways to remove late payments and improve your FICO score watch to the end if you're serious about improving your credit score a Goodwill letter is a strategy you can use to potentially remove late payments from your credit report the letter is sent to your creditor with the intention of convincing them that you've turned your financial life around and that your mistake in the past is not a good reflection of your credit worthiness today this strategy is particularly useful if you've only made one late payment out of the many on-time payments to your creditor in this video I'll show you everything you need to write an effective Goodwill letter grab your credit report from any of these resources and look for late payments on the accounts that are otherwise in good standing look specifically for accounts that have long history of on-time payments and one or two late payments once you've found the account and creditor you're sending the letters to find the mailing address and email address all it takes is a quick Google search to find the creditor's name as it appears on the credit report with those two pieces of information we're ready to start writing a letter in the first section you'll want to remind your creditor that you're typically on time focus on how long of an on-time payment history you've had excluding this one missed payment outline how many years you've been in good standing and what you've specifically enjoyed about being a customer of theirs a few compliments goes a long way next explain why you missed the payment what situation or financial dilemma caused you to miss that payment was it a job loss health issues a new baby try to be as specific as possible about what caused you to be late on that payment then you can remind them despite being late that you meant your best efforts and eventually succeeded to repaying those obligations now I'll explain how these late payments have affected your life how they've caused you stress what goals are these late payments stopping you from achieving what will you accomplish with a better credit score some examples could be that you're looking for that new apartment or maybe you're looking for that new job and a credit score will look better on your application now it's time for the actual request Express again how important it is for you and your goals and your future to have that account removed be specific let them know you're asking for a Goodwill adjustment and you want it to be reported to each of the three credit bureaus finally reiterate your previous statements first how long you've been on time previously second the financial situation that caused you to have this unavoidable late payment and finally how this late payment is hindering you from your future success and goals once you've done that you're ready to send the Goodwill letter we recommend sending it by mail and email if this video has helped you at all today hit that like button it Cameo our mission is to make credit improvements simple and affordable so we made our most tried and true Goodwill letter templates free for everyone you can find your free template by clicking the link in the description below now if you want your credit score to start working for you instead of against you subscribe and watch out for more videos