One can find samples of late payment explanation letters at myFico, CreditInfoCenter, FriscoMortgageGuy and many other finance sites. Also referred to as an LOX or LOE (letter of explanation), late payment letters can be sent to creditors explaining why a payment is late. However, they are also used as part of a mortgage application to explain why accounts on the applicant's credit report show a history of late payments.Know More
Whether someone is explaining a late payment to the creditor they are paying late or to another entity like a mortgage broker, these letters should be as detailed as possible. If relevent, they should contain supporting documentation. For instance, if someone's credit card bills were paid late one month because they were in the hospital, proof of the hospital stay should be included with the letter.
If someone is applying for a mortgage, they have to meet criteria set by the underwriter. If they do not meet certain criteria, they can write a letter explaining the extenuating circumstances. These letters can address issues like why the applicant's income was lower than usual during a certain time period, or they can be used to explain why an applicant fell behind on their bills.Learn more about Business Communications
Many samples of business letters of refusal are available at the WriteExpress website. The site offers examples of refusal letters for a wide variety of occasions, including declining an appointment, declining a job offer or promotion and declining a request for credit.Full Answer >
A letter of late rent payment notifies a tenant that payment is past due. There are certain items that should be included in a letter for notice of late rent payment. Making sure that you have a notice of late rent payment will make sure that you have a paper trail if it comes down to anything legal.Full Answer >
A sample repossession letter should include the name and address of the entity repossessing, the name and address of the person whose items are being repossessed and a list of the items being repossessed and how much is owed on them. Templates for repossession letters can be found at office supply websites and stores. Legally, the entity doing the repossession needs to provide some type of repossession notice, whether before or after the repossession.Full Answer >
A letter requesting leave without pay can be as simple as stating the request, the dates for which the leave is being requested and a minimal statement of why the leave is necessary, as explained in U.S. News & World Report Money. The letter can give the employer just enough information to make a decision and no more, or it can give an in-depth explanation, according to Sample Resignation Letters.Full Answer >