sample letter of late payment explanation

This letter will not help a desperate credit situation, but may make a difference in a marginal one. Explaining a couple late payments could mean the difference between a good interest rate and a fair one. The basic premise of this explanation letter is to address: The situation you were in which caused you to pay late was beyond your control.

The basic premise of this explanation letter is to address: The situation you were in which caused you to pay late was beyond your control. How to Write a Late payment letter: 9 steps (with Pictures) – How to Write a Late Payment Letter. When making a payment for a bill or a loan, the best thing you can do is to pay on time, every single time.

When a lending company notices untimely payments, they will ask the consumer to explain why and how these payment problems occurred. Writing a late payments letter is an important part of explaining to a lender what happened and how these problems will be prevented in the future.

Sample Late Payment Explanation Letter The following is an example of a letter of explanation, you may even use it as a template and modify it.

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Basic Tips for Writing an Explanation Letter When making an explanation letter for late submission, it’s always a good idea to acknowledge the fact that your tardiness has in some degree caused inconvenience to the recipient – after all, this is why you’re writing the letter in the first place.

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Mortgage Letter of Explanation (LOE) Sample. When writing a mortgage letter of explanation, be as specific as possible and include actual dates and dollar amounts. If your LOE relates to a late payment or some other negative issue, you might want to describe the steps you’ve taken to ensure it won’t happen again.

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Apology to Landlord for Late Rent Payment: With Explanation . Dear [NAME], I am enclosing a check of [amount] for my rent for [month name]. I completely understand that I am paying you late, hope you will accept my apology.

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