A letter of credit is a letter from a bank guaranteeing that a buyer’s payment will be received on time and for the correct amount. Here’s how letters of credit work.

A 609 letter is a way to request verification of the accuracy of the accounts listed on your credit reports. While they’re ...

A letter of credit is vital for anyone involved in international business. Find out how this simple instrument can make all the difference inside.

Commercial letters of credit are often used to make payments in transactions for the sale of goods and services and allow each party to ascertain that the other is meeting its obligations under ...

When you buy using your letter of credit, debit the asset account and credit the letter of credit account. For example, you purchase $50,000 of inventory using the letter.

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 ...

When a company gets hacked and your customer data is compromised, you often get a letter offering credit monitoring. What exactly are you signing up for if you opt in for that?

Your letter should also include copies of important documents to help the bureaus conduct an investigation. See a sample credit dispute letter below.

Learn how a pay for delete letter works, when to use it, and how it impacts your credit. A comprehensive guide to negotiating with creditors.

Small businesses are the backbone of the Washington economy — employing 1.4 million workers. Unfortunately, these businesses are facing a huge financial strain because of excessive credit card ...