Document background
A Goodwill Letter to Remove Charge Off is utilized when an individual seeks to improve their credit standing by requesting the removal of a previous charge-off. This document becomes relevant when the debt has been settled and the account holder has maintained good financial standing for a period following the charge-off. Under English and Welsh jurisdiction, while creditors maintain the right to report accurate negative information, they may choose to remove charge-offs as a goodwill gesture. The letter should demonstrate the account holder's improved financial responsibility, explain past circumstances, and include relevant account information and payment history.
