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  2. Goodwill letters: How to get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    A goodwill letter is a formal letter to a creditor or lender, such as a bank or credit card company, to request forgiveness for a late payment or other negative item on your credit report. In the ...

  3. Mortgage rate locks: What they are, how they work - AOL

    www.aol.com/finance/what-is-mortgage-rate-lock...

    For example, if you lock in a 6% interest rate for 45 days and rates jump to 6.5% a week later, you're still guaranteed a 6% rate. ... Work with a real estate agent or draw up your offer letter on ...

  4. Advance-fee scam - Wikipedia

    en.wikipedia.org/wiki/Advance-fee_scam

    An advance-fee scam is a form of fraud and is one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster claims will be used to obtain the large sum. [ 1 ][ 2 ] If a victim makes the payment, the ...

  5. Late fee - Wikipedia

    en.wikipedia.org/wiki/Late_fee

    A special use of the term "late fee" is postal surcharge once required by post offices to expedite delivery of a letter posted later than the normal pick-up time. For example, in Britain in 1856, a letter could be included in the night's mail for an extra pence if by 6:45 p.m. at the local office, for a tuppence by 7:15 p.m. at the Chief or ...

  6. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Image 1: After a contract is concluded between a buyer and a seller, the buyer's bank supplies a letter of credit to the seller. Image 2: The seller consigns the goods to a carrier in exchange for a bill of lading. Image 3: The seller provides the bill of lading to the bank in exchange for payment. The seller's bank then provides the bill to ...

  7. 4 Tips to Minimize Damage After a Late Payment - AOL

    www.aol.com/4-tips-minimize-damage-payment...

    1. Settle your account quickly. The sooner you pay a past-due amount, the better your chances of squeaking by without any late fees or rate penalties. Creditors can’t report a delinquency to the ...