Tag: goodwill letter

A reader with $25,000 in debt, including medical bills, collection accounts, and a repossessed car, seeks advice on improving their credit score. The expert advises that paying off collection debts won’t negatively impact credit scores under current scoring models (FICO and VantageScore) and may even improve them. If updates aren’t reflected in credit reports, disputing the information with credit bureaus is recommended. Additionally, sending a “goodwill letter” to collectors requesting deletion is