As part of the loan process, your borrower may be required to provide an explanation for derogatory credit such as late payments, bankruptcy, or judgments. This is a very important step and may make the difference in the loan program and interest rate that your borrower is approved for.
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Removing derogatory credit information from your credit reports is the fastest thing you can do to raise your credit scores. Credit bureaus are known for the amount of inaccurate information in credit files, so check your reports regularly and be relentless in removing derogatory credit information in your files.
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4hb.com : Letters and Forms -- By Category -- All -- Corrections to Derogatory Credit Report ... Gentlemen: Pursuant to your request as to a clarification on the apparent derogatory findings in your review of my credit history, I am submitting this correspondence for your consideration, as well as the lender concerned.
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Next, you can try mitigating the impact of any derogatory credit you may have on your credit report by adding positive account information to your credit file.
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Sample business letter - Corrections to Derogatory Credit Report ... Corrections to Derogatory Credit Report; Disclaimer: Be aware that some of these sample letters have legal, financial, or other implications. If you are not sure about the use of any letter, consult with an appropriate professional first.
www.quazell.com/BusinessLetters/ltrrebutfal.html
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