Sample Letter 3: Fighting Repossession Dear [Lender Name], I am writing to you with urgency regarding the potential repossession of my car, [Car Make] [Car Model], VIN: [VIN].

If a lender asks you to submit a letter of explanation, think of it as a requirement, not an option. Your response could make the difference between being granted or refused a mortgage .

Goodwill letters are formal requests to creditors or lenders that ask them to remove or adjust a late payment so it doesn't impact your credit score.