A goodwill letter is a formal letter sent to a creditor to remove a negative item from your credit report. You’re essentially ...

Negative marks on your credit report can hurt your credit score and affect your ability to qualify for loans. Here’s how to fix them.

The negative mark will disappear from your credit report when it expires. Collection accounts are removed from your credit report after seven years, whether the debt was paid or not.

M. Reese Everson, a Washington, D.C.-based attorney, knows a thing or two about getting negative items removed from a credit report. “In 2012, I moved from Chicago to Washington, D.C. for a post ...