As its name indicates, a late payment letter of explanation is a letter that accounts for the circumstances surrounding any delinquent or tardy repayments of loan installments or credit card bills.

Goodwill letters are formal requests to ... reported late on [exact date of late payment]. The late payment occurred due to ...

Goodwill letters are most effective when the late payment was an isolated incident ... details and/or documentation to support your explanation. Accept fault: Acknowledge any errors and express ...

A goodwill letter is a formal request to a creditor asking them to remove a negative mark, like a late payment, from your credit report. Goodwill letters are most effective when the late payment ...