Do Goodwill Interventions Work? – Credit Tip #19

Do Goodwill Interventions Work? – While credit laws allow for protesting any negative item on your credit report, it is sometimes effective to all on the good will of a creditor to remove a single ding, such as a 30-day late report. Called a “good will intervention letter”, you can contact a creditor and appeal to their good will to remove the negative mark. This normally works best where you have a stellar record with a company and simply missed one payment for one reason or another. Send a letter, explain the oversight, and nicely ask that they remove the negative report from your file. While not required to do so, many companies will respond positively to such a request.

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