The unknown author of Psalm 130 asks the lord for mercy (Psalm 130:2). He says: "If you, O Lord, should mark iniquities, O Lord, who could stand? But with you there is forgiveness, that you may be feared." (Psalm 130:3–4).
When there really is true forgiveness (godly sorrow), properly understood and received, in line with God's promises and taken by faith, it always leads to a deep reverence for God, see To Fear the Lord in Fear of Man.
When we come before the Lord and ask for forgiveness, and mean it with godly sorrow, God forgives us (1 John 1:9), see Psalm 51: Coming to God when we fail. God no longer remembers our sins, which is part of the New Covenant we join when we become Christians (Heb 8:8–13, Jer 31:31–34). See also The Unforgivable Sin.
"I wait for the Lord, my soul waits, and in his word I hope." (Psalm 130:5). Waiting on the Lord is not easy to handle. However, God keeps his promises to us. There is no one above God, which means he has the power to keep his promises, see God is sovereign in God's Attributes. But we may have to wait for God to fulfill his promises. In his word we hope, see Faith, Hope, and Agape Love.
See also The Book of Psalms.
