LETTER OF EXPLANATION CREDIT REPORT INQUIRIES A number of inquiries are showing on our credit report in the last 90 days.

Sample letter of explanation for mortgage credit inquiries. Amit Khosla 5122010 Priya Khosla 5122010. It is also predominantly used by banks during a loan or mortgage application process. To use the sample letters simply click the letter you want to use and it will open in a separate window or tab as a PDF document.

All credit related inquiries are only because of our shopping for mortgage loans. A mortgage company might ask for a letter of explanation relating to a negative entry on a borrowers credit report. Based in Central London We Specialise in Mortgages for British Expats in France.

The letter should include an explanation regarding the negative event the date it happened the name of the creditor and your account number. _____ Please write a brief explanation of the following inquiries on your credit report within the last 180 days. If your credit report has any negative history or if there is something in your mortgage application that requires more information a lender may ask you to submit a letter of explanation.

An application explains his side for discrepancies in his credit history that a lender might consider as a red flag. Once the file is open click in the highlighted area to edit. Reason the Inquiry was pulled.

Causes of Recent Inquiries on Credit Report. How to write a Credit Inquiry Explanation Letter. This requirement could come from the lender or from secondary underwriting guidelines imposed by FHA or Freddie Mac.

The end result is that the mortgage lender must request a letter of explanation to document the issue. Any credit inquiries that is 120 days or newer needs letter of explanations Borrowers with 7 lenders on credit report as credit inquires need to write on letter of explanation they were just shopping for a mortgage One line statement sign date and submit It is that simple. Assortment of letter of explanation for credit inquiries template that will flawlessly match your demands.