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The Letter Of Explanation For Garnishment you see on this page is a multi-usable formal template drafted by professional lawyers in accordance with federal and local laws and regulations. For more than 25 years, US Legal Forms has provided people, businesses, and legal professionals with more than 85,000 verified, state-specific forms for any business and personal scenario. It’s the fastest, most straightforward and most reliable way to obtain the documents you need, as the service guarantees the highest level of data security and anti-malware protection.
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To Whom It May Concern: I am writing this letter to explain my late payments on my (mortgage/credit card) to (mortgage/credit card company) in (insert month/year). I am very distressed that this has ever happened to me, but I was <laid off>, <seriously injured>, <going through a death in family> .
Letters of explanation addressing these issues should include: An explanation of the negative event. The date it happened. The name of the creditor. Your account number. Your signature and date (if typed or hand-written)
Format it as you would a business letter, address it to your lender and plug in the address of the property it's regarding in the subject line. Keep it brief, providing only what the lender requests. It needs to be no more than a single paragraph describing that you'll use the property as your primary home.
It's best when writing a letter of explanation to make it short and to the point. You'll want it to provide the recipient with the information they need, however. Be clear and offer as much relevant detail as possible since the person reading the letter will need to understand your situation.
Explanation letter FAQ Here's what you'll need to include: a subject line with your name and application number; your current mailing address and phone number; outline all of the facts that the lender asked you for; attach supporting documents such as bank statements, financial documents, and tax returns.