Category: Hardship Letters

A deed in lieu of foreclosure hardship letter is necessary if you cannot find a buyer for your house and you want to give its keys to the lender.

August 24, 2008

Name: John Doe

Address: 67 Reeds St., Columbus, OH

Contact no.: 123-5677

Dear Sir:

My loan number is 56677-999 in arrears. I have not been able to make my payments for my loan for the last 3 months and I have finally decided to bring my house up to the market. I have done so because I can no longer keep up with the payments due to loss of income. If you have some questions about my property please contact my agent at 555-7896.

I have enclosed an explanation of hardship form as well as a borrower’s financial statement. I am ready to execute a deed to RS Inc. I believe that my action is of best interest to everyone concerned.

Respectfully,

John Doe

8/24/08

Download Deed in Lieu Hardship Letter

Handling debts is not an easy job. One way to soften your difficult situation is by writing a hardship letter.

August 24, 2009

Name: Rhea Rose

Address: 67 Jake Road, Cottonwood, AL

Mortgage Company: Try Mortgage Company

Account no.: 123445-999

Dear Sir:

My extreme debt is the reason why I am writing you this hardship letter.  This year has been a wild ride for me because I have been caught up with a series of very unfortunate events following my loss of job.

I am currently starting a new life by working online. Although I am only earning less than $2000 a month, I am doing my best to pay my debts to your company as well as to other companies that I am in debt with.

I hope that we could work out a plan to modify my loan for this quarter. Thank you very much for taking a moment in reading my letter.

Respectfully,

Rhea Rose

8/2/08

Download Debt Hardship Letter

Credit card hardship letters are needed for credit card debt settlement. Here is an example of a credit card hardship letter.

August 23, 2009

American Express
P.O. Box 981540
El Paso,
TX 79998-1540

Re: Hardship Letter

I am writing this letter to inform you of my current financial instability and to ask for a forty to fifty percent settlement of my balance. My financial crisis is due to my loss of income last June 2009.

With the high interest charged, I’m afraid that I can no longer keep up with my credit card payments of $500 per month, which is the minimum due. I would appreciate it if we could make settlements regarding my minimum monthly payments.

I have enclosed my financial statements and documents proving my current hardship. if you wish to further discuss my settlement offer please contact me at your convenient time at (123)456-9999.

Thank you very much for your time.

Respectfully,

Hannah Roads

Account no.: 1234567811

Download Credit Card Hardship Letter

Hardship letters are always effective documents that you can present to your bank in cases of financial instabilities. Here is an example of a hardship letter for Countrywide.

August 24, 2009

Name: B Reddy

Address: 57 York St, Miami, FL

Contact no: 123-4568

To Whom It May Concern:

I am humbly submitting this letter as an explanation for my financial hardship and credit situation.

I have been employed for 10 years as a supervisor in a department store and through those years, I have not incurred huge debts with your bank. Based on my credit reports, I have always paid on time and have maintained a clean record.

Unfortunately, I was laid off with my job two months ago and since then I have been struggling with my finances. I would be glad if you could offer me a workout option for my loan in your bank.

Respectfully yours,

B Reddy

5/24/08

Download Countrywide Hardship Letter

If you are on a financial crisis and you had a loan with Chase bank, you can use a hardship letter to help with your ordeal.

August 24, 2009

Name: Manny Handy

Address: 13 Tea Avenue, Tampa, FL

Contact no: 123-4568

To Whom It May Concern:

I am I have been a loyal depositor of your bank – Chase Bank for five years and I am very much interested with your loan modification plan. I am struggling to meet my monthly payments for my loans because my working hours has been cut down along with my salary. I am having trouble on adjusting with my current financial status and on the verge of emotional and physical breakdown.

I hope you could understand my situation and help me on a workout option. Please contact me for an appointment so that we can discuss about available options that best suits me.

Respectfully yours,

Manny Handy

2/5/08

Download Chase Hardship Letter

Hardship letters are useful documents especially for those who need to explain due payments or loans to mortgages companies or banks. Below is sample of a hardship letter for bank charges.

August 23, 2009

Name: Agnes Beans

Address: 45 Waldorf Avenue, New York, NY

Contact no: (035) 555-4567

Loan no: 34567-8999

Dear Sir:

I hereby apologize for not paying my overdue charges for my current loan. I was unable to pay the charges because I was so busy keeping up with my medical bills for the past two months. My health has also kept me from working for over a month which means that my income was cut short.

Since I am already doing well, I can already resume work. I believe that I can pay my overdue charges to your bank at the end of this month.

I, Agnes Beans, state that the information provided above is true and correct to the best of my knowledge.

Agnes Beans

8/23/09

Download Bank Charges Hardship Letter

Financial problems are some of the many crises that most people try to ignore. However, these problems are hard to put behind because they are inevitable. When you experience this kind of problem, it is best for you to be equipped with the knowledge of writing a letter of hardship.

Here is an example of a letter of hardship.

August 22, 2009

Name: Roxanna Jameson

Address: 32 Sunny St., Irwindale, CA

Mortgage Company: Mortgage Me

Loan No: 123456767-456

Dear Sir:

I am writing you this letter as an explanation for my delinquency in paying for my mortgages. I have done with all my power to makes ends meet but unfortunately, I have fallen short with my assets. The major reason that caused my payments to be delayed is my staggering medical bills. I am strongly hoping for you to consider working out my loan.

I believe that I can come up with a solution for this problem and will soon make ends meet again.

Sincerely and respectfully yours,

Roxanna Jameson

8/22/08

Download A Letter of Hardship

Hardships letters are requirements to clients of most mortgage companies. This is required before you or other clients will be considered for possible workout options. Hardship letters can provide you with a chance to appeal to the mortgage company for another opportunity to make transactions with them.

Here is an example of a financial hardship letter.

August 22, 2009

Name: Arianne Jones

Address: 35 Forth White St., Sacramento, California

Mortgage Company: Mortgage for You

Loan Number: 123456768-9886

Dear Sir:

I humbly request your time to review my financial situation to ensure if I am eligible for a workout option.

I have fallen behind my monthly payments due to extreme financial difficulties caused by my recent unemployment. I was one of the thousands of workers laid off due to today’s economic crisis. However, I am happy to say that I have found a job as a store manager and will be able to resume paying my home’s mortgage immediately.

I, Arianne Jones, state the information above is true and correct.

Arianne Jones

Download Writing a Financial Hardship Letter

Hardship letters are vital documents. Hardship letters are not just any kind of letter that you send to just anyone. It is very much needed for people experiencing financial hardships or instabilities. This is why it is important to know how to write one because you will never know when the hardships in life will come. There are tips on how to write a hardship letter that can convince lenders or creditors. However, before writing it is best to know and understand its purpose which is explaining your hardships to a mortgage company, a bank, or an immigration agency.

What should be included in a hardship letter? It should essentially contain the reason for your missed payments or loan renegotiation. You should also include what agreements you want to settle with the mortgage company or the bank. It is always best that you briefly explain the circumstances that led to your inability to pursue your financial obligations. Always put in mind to include in the letter a solution to your problem.

Writing a hardship letter that can work with any lender is so simple.  The only thing that you have to keep in mind while doing it is by keeping it personal. Never lie on your hardship letter and always provide a proof of your current financial situation such as a medical bill or a financial statement. The thing that you should observe in your hardship letter is that you should keep it brief, straight to the point, well detailed, and convincing.

Download Tips on Writing a Hardship Letter

One way to help you settle your payments for a student loan is by writing a hardship letter. Here is an example of a student’s loan hardship letter.

August 24, 2009

Name: John Alberts

Address: 77 Yak St., Montgomery, AL

Creditor: Yale University Student Loan Billing

Account no.: 122345-88

To Whom It May Concern:

I am writing this letter to explain my delinquency in paying my loan due last month. My delinquency was caused by my parent’s delay of sending me money. There delay was caused by my father’s ill health, which led our family into financial instability.

I am a straight A student for the past two years and I don’t want to lose every chance for a good future with your prestigious university. I would gladly appreciate it if you could help me modify my student’s loan for this semester.

Please contact me if you want to discuss my loan’s payments plans. Thank you and Godspeed.

Respectfully,

John Alberts

8/24/09

Download Student Loans Hardship Letter