How to Write a Hardship Letter

In your financial hardship letter you should:

• Keep it brief and to the point.
• Do not be too vague in your explanation, or too technical.
• Write with feeling and emotion. (make them cry when they read your letter).
• Identify the reasons for failing to keep current with your monthly payments and the DATES which coincides with the delinquency period.
• State your offer to resolve your debt.
• Show them you are willing to participate in a Workout Solution or the desire to retain ownership of the house or property.
• Thank them for their time and consideration.
• Don’t forget to leave your current contact information.
• Enclose bank statements from the past two months, late notices on your car, last year's tax returns, and anything else you can find that shows the financial trouble you are going through.

Some GOOD EXAMPLES of hardship to include in your letter are:

• any medical complications that would prevent you from maintaining employment
• drastic decrease in salary
• lost of employment
• fixed income
• single parent w/out child support

BAD EXEMPLES:

• legal issues
• divorce
• you are a student
• you are overextended
• threatening to file bankruptcy

Here's a sample mortgage hardship letter that can be used as a guide. Don’t forget to insert your OWN details inside the PARENTHESIS or where appropriate and DELETE any information that is not relevant to your case. Also, always DATE your letter and keep a COPY of the letter you send for your records.

Other SAMPLE LETTERS:

Sample Financial Hardship Letter

Sample Foreclosure Hardship Letter

Sample Letter Request for Credit Report

Sample Credit Repair Letter

Sample Cover Letters

Sample Recommendation Letter for Employment

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