No matter how diligent you are with your money, there are a variety of unpleasant life events that can temporarily put a crimp in your credit, such as a medical emergency or a job loss. To make ...

Add Yahoo as a preferred source to see more of our stories on Google. Miss a student loan payment? It never hurts to send a goodwill letter to the lender explaining what happened. Missed loan payments ...

A goodwill letter explains why you had a late payment and asks the creditor to take it off your credit reports as a one-time favor. Use our downloadable template to simplify the process.

Payment history is a major consideration when it comes to calculating your credit score, making up 35% of your total score. A single late payment — which happens 30 days or more after the payment was ...

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 and ...

A high credit score is essential to get approved for financing and to get loans at favorable rates. Unfortunately, even a single past mistake could knock more than 100 points off your score. If you ...

Explain your situation. Goodwill letters are most successful when you went through an extraordinary circumstance and explain it. If your excuse is, ‘I knew I couldn’t afford to max out my credit card, ...

Could you boost your credit score just by writing a letter? Find out here. Image source: Getty Images. A high credit score is essential to get approved for financing and to get loans at favorable ...