As you browse this website and conduct your research about credit repair, you'll come across numerous resources. Right now, we have credit repair letters, as described below. As we add more resources to help you through this process of getting your financial life back on track, this page will be updated to serve as a launch-pad.
Credit repair letters
Here's a list of the example letters we currently have, along with a brief description for each one.
Goodwill Letters: This type of letter is the least formal. Essentially, it is a way to let your creditors know what's going on. Instead of ignoring the problem and hoping it will go away (it won't), a goodwill letter allows you to explain yourself, and appeal to their goodwill. You're asking for a favor, for them to give you a bit of a break, and typically you'll explain what caused you to a miss a payment or two, what you plan to do about it, and so on.
Pay For Delete Letters: This type of letter allows you to propose a mutually-beneficial situation to a party that has submitted a negative report about you to the credit bureaus. You want it removed, and they want some money. This agreement allows you to pay off the debt for a much lower amount, and to have the damaging item on your credit report deleted. Collections agencies often buy debt for pennies on the dollar, and sometimes they're just happy to get something instead of nothing.
Credit Dispute Letters: Do you see something on your credit report that doesn't belong? Say something! Mistakes happen all the time. Small mistakes can lead to bigger headaches down the road, and big mistakes lead to full-on migraines. When you dispute something on your credit report, they're obligated to investigate it.
Debt Validation Letters: If someone claims that you owe them money, they need to provide you with evidence of such, upon request. You can't just go around claiming that people owe you money unless you're able to back up that claim with proof.
Cease and Desist Letters: You can write a letter that prevents the collections agency from being able to contact you anymore. On the one hand, they may decide to just write it off and give up on ever collecting the alleged debt. On the other hand, you could be forcing their hand towards litigation if you're telling them it is the only way they can legally get your attention.