What is a letter of Credit?
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letter of credit\nn. pl. letters of credit Abbr. L/C \nA letter issued by a bank authorizing the bearer to draw a stated amount of money from the issuing bank, its branches, or other associated banks or agencies.\n\nLetter of Credit\n\nA letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase the bank will be required to cover the full or remaining amount of the purchase.\nInvestopedia Commentary\n\nOften used in international transactions to ensure that payment will be received. Due to the nature of internation dealings such as distance, differing laws in each country, and difficulty in knowing each party personally the use of letters of credit has become a very important aspect of international trade. The bank also acts on behalf of the buyer (holder of letter of credit) where the supplier will not be paid until the supplier confirms to the bank that the goods have been shipped.\n\n\n\n\nletter of credit, a commercial instrument through which a bank or other financial institution instructs a correspondent institution to advance a specified sum of money to the bearer. The document is called a circular letter of credit when it is not addressed to any particular correspondent. In effect, a letter of credit is a draft, save that the amount is merely stated as a maximum not to be exceeded. Letters of credit, mainly used by travelers, greatly simplify nonlocal business transactions. Those who issue such letters are usually so well known that any bank will honor the letter upon proper identification. Travelers' checks are a modified form of a letter of credit. They are issued in coupons, upon whose face a value is usually expressed in terms of the currency of a particular country. In the United States they are issued by express companies and banks. Circular letters of credit require that each payment, as it is made, be endorsed by the firm making payment so that other banks may know how much of the total credit has been used.
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Each credit agency can provide you with one free credit report per year.  Just go to one of their websites and there's usually a link on the main page that takes you to the request page.  You can either see the reports online and print them out, or if you want the report mailed then you have to print out a request form and mail it out.  The three major credit bureaus are Experian, Equifax, and Transunion.  (Their websites are their names).
844421
The card is like a credit/debit card. The cert is a piece of paper.
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The best credit you can get
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Thats why LC's (letters of credit) is there....it assures the genuinity of both the parties through a bank in each country....\n\nContact your bank for further details....
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Yes, you can by  asking the credit bureau, the best thing is \napply for a credit card if they approved you it means you do have a good credit and if not it means you have a bad credit.
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I dont know of a reference letter however I had to appeal once and I basically told them that I had not been serious about my studies and how I had pressure on me to work to provide for my family but now I was more grounded.  I think they will usually approve you the first time but it is important to improve your grades while on your 'probation'.  Good luck!
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my sister received notice in the mail that she qualified for one...and has received it. it is alot like first premier in that you have the charges already on the card which takes away from the credit you have left when you receive it. she got it to have the chance to rebuild her credit.
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letter or letter of application is the first of three documents used during the job search process. \n\n1. Cover Letter\n2. Resume\n3. Follow-up Letter
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Single Bureau Credit Report\nA low-cost, easy to read summary of your credit.\n\nThe single credit report includes:\nReview your essential credit information at a glance \nSee detailed information about your loans and credit accounts \nSee who has reviewed your credit report and when \nGet contact information for all your lenders and creditors \nWatch for inaccuracies that could negatively impact your credit \nProtect yourself against possible identity theft
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Credit Report.\nI recently got my credit report and it listed all my past employers.
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LOI\n\nletter of intent\nDefinition\n\nA letter from one company to another acknowledging a willingness and ability to do business. A letter of intent is most often issued as acknowledgment of the fact that a merger between companies or an acquisition is being considered seriously. Sometimes, a letter of intent may also be issued by a mutual fund shareholder to indicate that he/she would like to invest certain amounts of money at certain specified times. In exchange for signing a letter of intent, the shareholder would often qualify for reduced sales charges. A letter of intent is not a contract and cannot be enforced, it is just a document stating serious intent to carry out certain business activities.
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LC is a simple bank guarantee issued by the Bank on behalf of the Customer. if you are a new customer to the bank the bank might ask you for a greater amount of security in the from of Fixed deposit with the bank or a freehold property which has to be mortgaged to the against the said security and on completion of some paper formality they will issue you a letter of credit against a proforma invoice of a supplier.
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It's a chain letter. I believe they're illegal in most places in the U.S., so you might want to consider that before you decide this is your path to financial success.
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There are two kinds of these letter - one for employment and one for education. Since this question is in the employment area, I am asssuming this is the one you want.\n\nSource link has several sample letters.
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I think you may mean "Equifax." They're one of the credit reporting companies. Their site is www.equifax.com
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You can find sample letter here.