Add Yahoo as a preferred source to see more of our stories on Google. If your credit report has any negative history, a lender may require a letter of explanation for a mortgage application. Needing a ...

If you're on a job hunt, but your credit's hit the skids, your chances of being hired may be helped if you file a 100-word explanation with your credit reports. Forty-seven percent of employers run ...

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 ...

A letter of explanation for a mortgage is a document that addresses red flags that might derail a mortgage approval, such as a period of unemployment or an unpaid credit balance. A letter of ...