What to Expect:
· If you receive a request to write a letter of explanation, make sure that you understand, completely, what you are being asked to explain.
· Be as specific as possible while providing a straightforward explanation. Include timelines with dates. Explain what happened; why it happened; and how your situation has changed or how you have re-established your credit history.
· Provide all supporting documentation. You may be asked to provide evidence that supports your circumstance, such as tax returns, letters from employers, copies of death certificates or divorce paperwork, to name a few.
· Don’t forget to sign and date your letter! As foolish as this may sound, many letters are rejected because they are not signed.