A goodwill letter is a simple way to restore your credit to good standing by requesting that a lender or servicer erase a late payment on your credit report. They can be effectively used for both ...

A goodwill letter is a formal written request asking a creditor to remove a negative mark, like a late payment, from your credit report. Goodwill letters are most effective if your payment history ...

The most important thing you can do after you realize you've missed a credit card payment is immediately pay the minimum amount due. Depending on when you make the payment, it can minimize the damage.

That way, your next mortgage application may be approved. As its name indicates, a late payment letter of explanation is a letter that accounts for the circumstances surrounding any delinquent or ...