1. In the sample letter, fill in your personal information. See a sample Answer Form for Consumer Credit Transaction.We have now written 7 letters for the purpose of explaining recent credit inquiries. Apparently, the wording we have used is unacceptable. A wellcrafted credit inquiry letter of explanation can explain honestly and clearly your financial history and your real estate ownership. Download our sample letter and instructions to submit a dispute with an information furnisher. Download our sample letter and instructions to submit a dispute. Mortgage lenders might request a letter of explanation for various red flags that come up in underwriting. Learn how to write one, and download a template. Use this sample letter to dispute incorrect or inaccurate information that a business supplied to credit bureaus.