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How do you compose a letter to explain negative credit to a loan officer?
Wiki User
∙ 12y ago
Just be honest about the life circumstances that lead to your poor credit. Even if it was a total disregard for your personal credit just be honest,Remember it snot for the loan officer is is for the underwritierA good loan officer will go over the specific acounts that need addressing and are of concern at the initial loan application or interview Please i I can be of any further help please ask. Mike
Wiki User
∙ 12y ago
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What are the functions of a credit officer?
a Credit Officer will take a loan application, check out your credit, and if you qualify will see to it that your request is granted.
If the bank closed my credit card due to too many credit inquires appeared in my credit profile saved by the 3 credit score agencies will this appear as a negative sign on my credit report?
I'm not sure if you are asking if the bank closing will be negative or if the inquries will be. The inquires are negative.
Responsibilities and duties of the credit officer?
yes
How can you restore your bad credit?
Restoring bad credit takes time. You can start by requesting your credit report and dispute negative mistakes that you may find. Only the passage of time can improve your credit when you have legitimate negative remarks in your credit report.
Who do you talk to at the bank to check on your bank credit?
You can go to your local bank or the bank which you bank with and ask a mortgage loan officer, or a loan officer to run your credit to see what it is.
What are the functions of a credit officer?
a Credit Officer will take a loan application, check out your credit, and if you qualify will see to it that your request is granted.
What is the difference between credit officer and loan officer?
credit officer assesses the capacity to pay of the client. loan officer extends loans to the assessed cleint
How do you explain the working of Letter of Credit?
Explain the significance of letter of credit in international marketing?
If the bank closed my credit card due to too many credit inquires appeared in my credit profile saved by the 3 credit score agencies will this appear as a negative sign on my credit report?
I'm not sure if you are asking if the bank closing will be negative or if the inquries will be. The inquires are negative.
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
Responsibilities and duties of the credit officer?
yes
How can you restore your bad credit?
Restoring bad credit takes time. You can start by requesting your credit report and dispute negative mistakes that you may find. Only the passage of time can improve your credit when you have legitimate negative remarks in your credit report.
Who do you talk to at the bank to check on your bank credit?
You can go to your local bank or the bank which you bank with and ask a mortgage loan officer, or a loan officer to run your credit to see what it is.
Which of the following can be a reason for a lender to deny credit?
negative information in your credit report
B Explain how a hostile takeover can trigger an accelerated obligation credit event?
Explain how a hostile takeover can trigger an accelerated obligation credit event
Where can you check to see what is on your credit?
In most of North America the credit reporting agencies must provide you with your Credit history at NC. Not your score, just the info they base your score on.The agencies are different based on country and state or Provence in some cases.To actually get the needed info:Call your bank, ask them the phone numbers for the agencies in your area. Then call them, Answer the questions and they will provide you with your credit history.They can and will ask if you are willing to pay for your score. The three agencies in my area vary from $34 to $90. Billing for your score is 100% legal. But you do not need it!If you do not understand why you can't get a loan based on the info be aware that to much available credit, credit cards and credit lines, is a negative. Ask your bank loan officer to explain why you have a poor credit rating or they have denied your request.
What are the negative aspect of credit card?
nothing
