Here's an example of a consumer statement related to a layoff: “On April 5, 2020, I was laid off from work. As a result, I fell behind on my line of credit and credit card payments from June to October of that year. I found a new job on November 20, 2022, and am doing my best to stay current with my accounts.
Your letter should clearly identify each item in your report you dispute, state the facts, explain why you dispute the information, and request that it be removed or corrected. You may want to enclose a copy of your credit report with the items in question circled.
Tips for writing a letter of explanation Provide all details the best you can, including correct dates and dollar amounts. Explain how and when all situations were resolved. If they are not resolved, explain that as well. Detail why problems won't happen again.