Next, debit letter of credit-bank charge for $250 and letter of credit-advisory fee for $2,000 and credit cash for $2,250. On the balance sheet, the cash account is reduced by the $50,000, $250 ...

If you have the cash available, paying off the entire charged-off balance is often the cleanest solution to dealing with this ...

VantageScore 3.0 and 4.0 don't incorporate any paid collections into your credit score, so even if a debt collector removed the account off your credit report, your credit score wouldn't change.

If you’re writing a letter because the lateness noted on your credit report is inaccurate, try this template: To Whom It May ...

Different from a credit dispute, a goodwill letter explains why you had a late payment and asks the creditor to take it off your credit reports. Here's what you need to know to write one that works.