How Do You Write a Derogatory Credit Letter for a Mortgage?

By Staff WriterLast Updated Mar 29, 2020 9:57:33 PM ET

A letter of explanation for derogatory items on a credit report should explain the circumstances that caused any late payments and why future late payments will not occur, according to Guston Cho Associates. Writers should make the letter concise and only address the items the mortgage underwriter would like clarified.

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