Learn about Synthetic Letters of Credit (SLCs), pre-funded instruments used in international trade to guarantee payments and mitigate risks like counterparty and currency issues.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

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 ...

When errors show up on your credit report, it can feel like a setback to your financial progress. Negative marks can affect your ability to secure loans, get favorable interest rates, or even impact ...