Miss a student loan payment? It never hurts to send a goodwill letter to the lender explaining what happened. Missed loan payments could hurt your credit if you don't act fast. Whether you were ...

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 ...

Payment history is a major consideration when it comes to calculating your credit score, making up 35% of your total score. A ...

Late payments can stay on your credit reports for seven years, hurting your credit health and making it harder to get approved for financing. Of the five factors that determine FICO credit scores, ...

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 ...

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 ...

Your credit score is affected by numerous factors, but late payments on your credit card, mortgage and auto loan can be among the worst ways to damage your score. No matter the reason for your ...