Letter of Goodwill

A Letter of Goodwill is a written request sent by a debtor to a creditor, asking for a positive report or removal of negative information from their credit report. The letter typically includes an explanation of the circumstances that led to the debt, such as a job loss or medical emergency, and the steps the debtor has taken to resolve the debt and improve their financial situation. The letter may also include a request for the creditor to consider the debtor’s good faith efforts and to show leniency in their credit reporting. The purpose of a Letter of Goodwill is to seek the creditor’s voluntary cooperation in helping the debtor to rebuild their credit and to demonstrate the debtor’s commitment to responsible financial management. The letter should be professional, concise, and respectful in tone, and may be accompanied by supporting documentation or evidence of the debtor’s claims.