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.
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
Expert Alison Doyle made a sample sick leave letter that can be found in the Career section of About.com, as of October 2014. The letter provides an example of the format and information to include in a medical leave letter. A sick leave letter, according to this site, needs proper contact information and a formal request that contains the illness details, as well as openness about providing more details later.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 payment reminder letter is an effective way to ask customers for payment on an invoice. To produce the desired outcome, make sure your collections communications are presented in a calm and professional manner.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 >