Personal Loan Reconsideration Letter Sample

Are you in need of a Personal Loan Reconsideration Letter Sample? Look no further! Below, you will find examples of Personal Loan Reconsideration Letter Samples that you can use and modify to fit your specific situation.

Explaining the Need for Personal Loan Reconsideration Letter Sample

When applying for a personal loan, there may be instances where your application is denied. This can be frustrating, especially if you believe you are a good candidate for the loan. Writing a reconsideration letter can help you present your case to the lender and potentially change their decision. A well-crafted letter can address any concerns the lender may have had and provide additional information that could sway their decision in your favor.

• Personal loan denied
• Need to provide additional information
• Desire to explain circumstances

Example of Personal Loan Reconsideration Letter Sample

Dear [Recipient’s Name],

I am writing to you regarding the recent denial of my personal loan application. I understand that my credit score may have been a concern, but I would like to explain the circumstances that led to this situation. Due to a medical emergency last year, I incurred unexpected expenses that temporarily impacted my ability to make timely payments. However, I have since recovered and have taken steps to improve my credit score.

I would like to provide you with additional documentation, including proof of my improved financial situation and a detailed plan for how I intend to repay the loan. I am confident that with this additional information, you will see that I am a responsible borrower who is capable of meeting the loan requirements.

Thank you for considering my request for reconsideration. I hope to have the opportunity to discuss this matter further with you.

Sincerely,

John Doe