Good Will Adjustment to Remove Late Payment

for Your State

This Goodwill Adjustment to Remove Late Payment is in an easy to use letter format. This letter politely asks that a creditor remove late payment information from an account and to send this updated information to all credit reporting agencies.

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This Goodwill Adjustment to Remove Late Payment from a credit file can be used when asking a creditor to remove late payment information. Most creditors will be happy to remove this information if you have had the account for over eighteen months and have not asked for this type of adjustment in the last year. This letter sets out the reasons why the payment was late and asks that this information be updated or removed. It is important that this request be set out in writing and that all necessary identification is sent with the letter.

This Goodwill Adjustment to Remove Late Payment Letter contains the following:
  • Parties: Sets forth the name and address of the writer and the credit reporting agency along with any relevant account information;
  • Request for Adjustment: Politely asks for the adjustment, gives a detailed reason why the payment was late and any reasons why the adjustment is being asked for at this time;
  • Necessary Identification: Enclose any identification necessary to identify you as the owner of the account.

Protect Yourself and Your Rights by using this accurate and up-to-date form. This attorney-prepared package includes:
  1. Information
  2. Goodwill Adjustment to Remove Late Payment
State Law Compliance: This form complies with the laws of all states
Number of Pages5
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#29248
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Your Name
Your Address
City, State & Zip
Name of Company
City, State & Zip
Attn: Credit Reporting Department Account Manager
RE:   Account #: ________________________
   Dear Credit Reporting Account Manager: I am writing a letter about my experience with your fine company that is a mixture of a grateful "thank-you" and a pressing request concerning a loan in my credit files that I sincerely hope to have revised. I received a credit account in the year ________________________.  Unfortunately, several years later, I lost my job, with a wife and small children to care for. I became disorganized with respect to, as you saw, making timely payments. I am now aware that I should have called you immediately, but I had become distracted by the loss of my job, and I think everyone knows how frightening that is.
In ________________ of ___________, I filed a petition for a Chapter 13 Bankruptcy. However, a few years later, I fully recognized my responsibility with respect to payable accounts and have worked diligently to rehabilitate my financial situation. To be honest, that year was a "wake-up" call for me regarding personal and fiscal organization. Since then I believe I have learned the essential organizational and financial management principles I desperately needed. We are about to make an application for a mortgage, and it has come to my attention that the late notations and the “reported non-payments” since ___________________ on my account with ____________________________ may preclude me from taking full advantage of the very lowest interest rates now available. Since those notations do not reflect my current status with __________________________, I am requesting that you give me a second chance at a positive credit rating by revising those trade lines. If my memory serves me correctly, I have made the minimum payment of $________, in a timely manner since _______________________. I sincerely hope that there is redemption and I beg you for such consideration. I wish to thank you again for allowing me the opportunity to share my thoughts and bumps in the road, and for giving me a second chance at a relationship with you, one that I am determined to keep spotless.
Please let me know if any additional documentation would assist in reaching a positive outcome, and I thank you again for the time you have spent reading and reviewing the contents of this letter.  As proof of my identity, I am enclosing a clear copy of my current photo ID and copy of a recent utility bill as proof of my identity and residency (Patriot Act Requirement). Respectfully yours, Your Signature 
Your Name
Current Address:
Former Address:
Current Employer:
Former Employer:
Your Name
City, State & Zip
Name of Credit Card Company
Attn: Credit Reporting Department
City, State & Zip
RE:   Account #: ____________________________
Dear Capital One Credit Reporting Department: I have been a Capital One customer since 1991 and during that time, I have enjoyed my experience with Capital One greatly. I am writing to see if you would be willing to make a “goodwill” adjustment to your reporting to the three credit agencies. I have a few late payments on the above referenced account that date back to 1996 and 1998. All but one of the late payments is reported as 30-days late. Since that time I have been an exceptional customer paying early every month and have been rewarded by Capital One with ever increasing limits and lower APRs. Because of my exceptional payment history over the last 36 months, I would like you to consider removing the negative payments from my credit report. At the time of those late payments, I had moved because of a new job, and all of a sudden, the company I was working for experienced a downturn and my hours were drastically cut. I say that not to justify why the payments were late, but rather to show that the late payments are not a good indicator of my actual credit worthiness. I hope that Capital One is willing to work with me on erasing the late payments from my credit reports. I have been a very happy customer in the past and hope to continue a long relationship with Capital One.  With todays credit industry so competitive, I know how important it is to maintain good relationships with customers. Capital One has been exceptional in my book so far and I highly recommend it to all my friends and relatives. I hope that you will consider my humble request and prove once again, why Capital One is the “leader of the pack” an above the rest. I look forward to your reply.
Lastly, enclosed is a copy of my current photo ID and recent utility bill as proof of my identity and residency (Patriot Act Requirement).
Respectfully yours,
Your Signature
Your Printed Name
Current Address:
Former Address:
Current Employer:
Previous Employer:
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