Creditors will read my 100 word statement and take my side of the story into the account. Creditors will read my 100 word statement and take my side of the story into account. Wrong. I've looked at a lot of credit reports and never have I seen a statement by the consumer. It just isn't there. Even if it was and it's not.

The creditor does not care about the excuse. All they are looking at are the scores. And these statements have no effect on your scores.