Financial Hardship Letter Template

I Am Writing This Letter To Explain The Circumstances That Caused Us To Fall Behind On Our Mortgage Payments.

Commonly used after a job loss, illness, death, or other unforeseen event, this letter explains to a lender why the individual can no longer make regular payments on a mortgage, loan, rent, or any other. The main reason that caused us to be late is (explain reason for hardship/reason for falling behind in a few short sentences). The main purpose of a financial hardship letter is to obtain leniency in payment deadlines or the consolidation of your outstanding debts. Free instantly download financial hardship letter template, sample & example in microsoft word (doc), google docs, apple pages format.

We’ve Provided A Template And Tips To Get You Started.

You need to explain your financial situation, and why you can’t pay. Reexamine your situation and determine whether it meets the criteria for hardship to improve your chances of receiving financial assistance. Available in a4 & us letter sizes. Consumers can prepare a financial hardship letter that outlines the situation and why you are currently unable to meet your obligations, the action you have taken to resolve the issue, and your proposed solution.

When You Do Not Have The Resources To Pay Back Your Lenders, A Hardship Letter Can Help You Overcome Financial Challenges.

These templates provide a structured framework for expressing hardships, explaining the circumstances, and requesting assistance or accommodation. Get financial hardship letter for loan modification or mortgage Moreover, you can also use this letter to prevent foreclosure, to help pay credit card debts, and medical bills. We recently contacted (name of foreclosure counselor and agency) to help us prevent foreclosure.

When In Deep Financial Struggle, An Approved Financial Hardship Letter May Be Your Only Hope.

If you are applying for a loan modification or a short sale on your home, you will likely need to write a hardship letter. A financial hardship letter is written by an individual to request temporary relief from an obligation due to extreme financial circumstances. It saves you from a lot of trouble and further difficulties, and may ease the financial obligations that you already have on your plate.