Use these free letter samples as templates for your formal notification.
Consumers need a good credit rating if they want to buy a house, car or other item that requires a loan. With a bad credit report, it is still possible to get a loan for these items, but the consumer will pay a very high interest rate and may be required to make a large down payment.
Some people hire a credit repair company to investigate their credit report, but it can be done by the consumer at no cost. Below is a sample of one kind of letter for requesting a change to your credit report.
Most people have some credit card debt, and if there are unexpected events in their lives that affect their finances, their ability to repay their credit card debt may be affected.
Many people may find themselves in the financial position of having more debt than they can realistically pay with their income. There are several reasons people get in over their heads in debt, and some of these reasons are good for getting debt settlement.
Loaning money can sometimes be the culprit behind a dissolving friendship between two friends. Therefore, if you're borrowing from or lending money to a friend, think about your relationship first. Money will always come and go, but once a friendship is destroyed, sometimes it's gone forever.
There are many reasons why someone may not be able to pay their debts. If this is the case, it is in their best interests to send a debt letter to their creditors as soon as they realize they will not be making payments. Many creditors appreciate an honest and timely declaration from a borrower and will be willing to work with the individual to find a solution to their debt.