Sentences with phrase «explanation in your credit file»

Not exact matches

The explanations must make sense and be consistent with other credit information in the file.»

If you fall in 30 or 60 days late on a credit card or mortgage loan, you can contact your creditor an ask them to help you out with your late payments on your credit report, usually with a good explanation they give you an chance and remove the remark on your credit file, never told them that you have money problem or they will decrease your credit card limit or send your account to collection immediately.

The credit bureau must include the explanation in your file although the negative information will not be removed.

If the applicant and / or spouse are determined satisfactory credit risks in spite of derogatory credit information, the loan file should include an explanation from the applicant (s) and the lender's underwriter of the basis for the determination.

Even when a loan is declared unenforceable, it does not mean that the underlying liability is cancelled, nor that the borrower can automatically require the removal of any default from the credit file and a fuller explanation as to the status of irredeemably unenforceable loans, is helpfully set out by the Appellate Judge giving the leading judgment in Wilson v Hurstanger Ltd [2007] EWCA Civ 299, [2007] All ER (D) 66 (Apr).

«The borrower may provide a written explanation and documentation as it applies to all types of disputed and collections accounts if it makes sense, and is consistent with other credit information in the file,» it said.