Sample Financial Hardship Letter

A Financial Hardship Letter is a document individuals can use when they want to ask their creditor to modify their loan or to ask longer for payment. The purpose of the document is to inform the individual or entity that has given you a loan about the hardships you are going through and make a request that will ease your financial difficulties. All letters of this type are different since the hardship circumstances vary from person to person. Nevertheless, you can follow a plan that can be adapted to any kind of situation. A Sample Financial Hardship Letter can be found through the link below.

A Financial Hardship Letter can contain several parts, which can include the following:

1. Information About the Sender and Addressee. The letter should begin with information that will identify the sender and the receiver of the letter.
2. Introduction. Here you can remind your creditor of the current conditions of the loan or another financial obligation you are supposed to perform.
3. Hardship Details and Request. This section of the letter can be used to describe the financial difficulties you are going through, as well as politely request them for certain actions that will simplify your situation.
4. Conclusion. At the end of the letter, you can express your hope to hear from the creditor soon and sign the letter.

Not what you need? Check out these related templates:

• Generic Financial Hardship Letter;
• Sample Student Loan Hardship Letter;
• Sample Hardship Letter for Credit Card Debt.