BORROWER LETTER OF DEROGATORY CREDIT
In order for us to better understand your situation, please provide us with answers to the following questions:
EXPLANATION OF PUBLIC RECORDS
(Please indicate how you received these: Liens, Judgments, Bankruptcy, and Foreclosure.
This helps us understand your situation better and prepare us to help you avoid the same
thing from happening again.)
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EXPLANATION OF DEROGATORY CREDIT
(Please to the best of your ability; describe the reasons for your derogatory credit and how
the loan contemplated here will help your current financial situation.)
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