Bank finance articles and tips

Many people search the Internet to find out what the term "Letters of Credit" refers to, and if these types of letters are the sort needed to fix a bad credit score.

Commonly referred to as "LC's" or "LOC" in a sort of shorthand description, letters of credit are in fact the name of secure instruments available to international traders to pay for goods.

All too often, however, the term "letters of credit" related to import/export financial products, mistakenly gets mixed up with the term "credit repair letters" -- but these two terms are quite distinct, and not related to one another at all....