Depending on whether you are writing a personal explanation to a lender or a professional credit memo, the structure of a credit write-up varies significantly. For Individuals: Letter of Explanation
: Identify the specific late payment, inquiry, or collection account. credit*repport
: The borrower's reputation and track record for repaying debt. Depending on whether you are writing a personal
: The borrower's own investment and any assets securing the loan. credit*repport
: Keep the letter polite and succinct; underwriters are looking for reassurance that you can handle new debt. For Professionals: Credit Memo (Analysis)