Credit Inquiry Letter Example Letter of Explanation for Credit Inquiries please use additional forms if needed for more account inquiries Date This letter is to address all credit inquiries reporting on my credit report in the past 120 days Creditor Name Date Pulled Reason the Inquiry was pulled
July 1st 2022 Why use LendingTree When a lender asks for a letter of explanation there s no need to panic more than likely the lender just needs your help to clear up in writing something about your credit earnings or assets What Is a Letter of Explanation A letter of explanation is your chance to answer any questions a lender might have about your loan application This can range from a gap in your employment to
Credit Inquiry Letter Example
Credit Inquiry Letter Example
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FREE 18 Sample Letter Of Credit In PDF Word
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Credit Inquiry Explanation Letter Template Download
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Recent credit inquiries An address discrepancy on your credit report Derogatory items in your credit history Sample letter of explanation and template Remember to be honest formal and Name and details of the creditor A unique loan number that is issued to every borrower Explanation of the inquiry A claim by the borrower that the information provided by him in this letter is accurate and based on facts
Begin your letter by writing your full legal name address and date Address the letter directly to the lender or the person who requested it Additional information you could provide is your mailing address and phone number Directly reference the credit report in question and list the inquiries that have been made A court order is issued A federal grand jury subpoena or court order may require a credit inquiry In these cases your permission may not be required and an inquiry can legally occur without your consent How does a credit inquiry work
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A letter of explanation sometimes abbreviated as either LOX or LOE is a written document that supplements your financial records and directly addresses potential concerns regarding your loan qualifications Explanation letters provide details and context that underwriters would otherwise not be able to glean themselves City state zip Date Re Mortgage application number Dear Mr or Ms name of person requesting the letter of explanation This letter explains each of the items you asked about on my credit report Late payment to ABC Bank car loan dated 12 2018
After you finish writing the letter edit for typos or grammatical errors Send the letter in a timely manner to keep your mortgage application on track Explanation Letter Template Below is a sample letter of explanation you can use as a template if you wish to write an explanation letter of your own July 15 2023 Sample Lending Company Document Summary Credit Report Inquiries Letter Purpose To describe the reasons for recent credit inquiries appearing on the credit report Use in Mortgages Used by lender to determine if the borrower has obtained a new debt that is not yet reported on the credit report Other Names Credit Report Inquiries Letter Credit Inquiry Letter
Sample Letter To Remove Inquiries From Credit Report Credit Repair
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Credit Inquiry Letter Example - Thomas J Catalano Fact checked by Daniel Rathburn What Is a Credit Inquiry A credit inquiry is a request for credit report information from a credit bureau Credit inquiries are