answersLogoWhite

0

==New Answer == If you are referring to writing a letter say to a mortgage company to explain past derogatories on your credit report, just be honest. Of course, the sympathy factor does come into play. Lenders don't want to hear that you just forgot or well better late than never, we want to hear, unfortunately, "sob" stories (as long as they are true) i.e. illness, divorce, loss of job, etc. and what measures,if any, were taken to rectify the problems. ==Letter of Explanation== When it comes to letters of explanation, keep it short and to the point. For example, you may be asked to explain not only that you experienced some sort of temporary difficulty, but also that the situation was temporary and has since been rectified. Don't waste your time or the stamp.You still get the late fee no matter what and they don't care.

User Avatar

Wiki User

18y ago

What else can I help you with?

Continue Learning about Accounting

How do you write a letter of explanation for late payments because of address change?

To write a letter of explanation for late payments because of a change of address, you could say that you did not receive your mail in a timely fashion. You should also apologize profusely and state that you will endeavor to pay the outstanding amount by a given date.


How do you write an explanation letter for late submission of documents?

When writing an explanation letter for the late submission of documents, start by clearly stating the purpose of the letter and acknowledging the delay. Briefly explain the reason for the late submission, ensuring to keep it professional and concise. Apologize for any inconvenience caused and express your commitment to rectifying the situation. Finally, provide a timeline for when the documents will be submitted and thank the recipient for their understanding.


How do you write a letter of late submission of documents to company?

To write a letter of late submission of documents to a company you need to address it to the manager with the reasons for the late submissions.


What should you include in a letter of explanation for late payments?

As an accounts payable manager for a large company, trust me your creditors don't want to hear why you can't pay, but only when you can. Give your creditor a reasonable date on which you will satisfy the account in full or, make payment arrangements, and stick with them!


How-do you write a letter explaining late payments?

Explain your financial situation. Don't lie, don't make up reasons. Don't blame others. Offer a solution, like paying back in monthly installments. If you can negotiate a payback plan, stick to it!

Related Questions

How do you write a letter of explanation for late payments because of address change?

To write a letter of explanation for late payments because of a change of address, you could say that you did not receive your mail in a timely fashion. You should also apologize profusely and state that you will endeavor to pay the outstanding amount by a given date.


How do we write a Explanation letter for the late submission?

how to write late submission of documents


How do you write a letter of explanation having consecutive late of work due to bad weather condition?

bnfbra s boafi


How do you make a letter of explanation about being late on a meeting?

You write down why you were late, taking special care to explain why the circumstances were unavoidable, and hope the recipient agrees that you did, in fact, have a good excuse.


How do you write an explanation letter for late submission of documents?

When writing an explanation letter for the late submission of documents, start by clearly stating the purpose of the letter and acknowledging the delay. Briefly explain the reason for the late submission, ensuring to keep it professional and concise. Apologize for any inconvenience caused and express your commitment to rectifying the situation. Finally, provide a timeline for when the documents will be submitted and thank the recipient for their understanding.


How do you right a letter about late payments to a loan company?

acaca


How do you make a letter of explanation due to traffic?

lageng late


Sample of explanation letter late and absent?

An explanation letter for being late or absent should include a clear and concise description of the reasons for the lateness or absence. It should also include any relevant details such as dates, times, and any supporting documentation if available. Additionally, it is important to express regret for any inconvenience caused and to assure the recipient that steps will be taken to prevent future occurrences.


How do you write a late warning letter to all staff?

How do you write a late warning letter


How do you write application for late submission migration?

To write an application for late submission migration, address the letter to the relevant academic department or institution explaining the circumstances causing the late submission. Provide a clear and detailed explanation along with any supporting documentation, such as a medical certificate or official letter. Express regret for the delay and request consideration for the submission to be accepted.


Show you a mortgage letter of explanation?

One may be asked to write a mortgage letter of explanation when there is an overdraft fee on a bank account, insufficient funds, late payment, or different address on bank statements than current mailing address. This letter must show the date, greetings, cite the incident with all applicable information, explanation, solution, and appropriate documentation.


How do you write a letter of late submission of documents to company?

To write a letter of late submission of documents to a company you need to address it to the manager with the reasons for the late submissions.