If you're buying a home and your lender asks for a letter of explanation (LOE), it doesn't necessarily mean you’re in trouble. Lenders often request letters of explanation to clear up simple details ...

Payment history is a major consideration when it comes to calculating your credit score, making up 35% of your total score. A single late payment — which happens 30 days or more after the payment was ...

Although grant applications will typically require a LOS from either the President or Provost, it will, at times, be appropriate for other entities to write the LOS. For example, you might require a ...

A goodwill letter explains why you had a late payment and asks the creditor to take it off your credit reports. Use our downloadable template to simplify the process. This page includes information ...

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." This isn ...