When you miss a payment: Goodwill Adjustments


A single late, or overlooked payment can affect your credit score for years. A goodwill adjustment is a gesture from a creditor to re-age an account and report certain late payments as having been made on time. It is entirely up to the creditor - so you need to ask nicely :))

Call and ask, and regardless of the reply mail a letter. Here is a sample letter you can use.


PS
If you call and do not get a favorable reply, call in again (and again). Sometimes it depends whom you speak with ;)