If you are unable to pay off your credit card on time, here is a sample template you can use to write a hardship letter for a credit card.
[Recipients Name]
[Address line]
[State, ZIP Code]
[Subject: Normally bold, summarizes the intention of the letter] -Optional-
Dear [Recipients Name],
I am writing this letter because I wanted to inform you about the reason for my credit card debt. I hope that with me explaining my financial situation you will understand why the problem happened.
Throughout the last [period of time], I have been experiencing financial hardship, the reason being [state the reason]. Since then, my monthly income has decreased, which has caused the problem that I am facing with your company. I am very embarrassed, and I don’t take this debt for granted.
To get the process of getting my debt paid off started, I would like to suggest [list suggestions], with hopes that you find my offer agreeable. I will be waiting for your reply.
Sincerely,
[Senders Name]
Hardship Letter For Short Sale
Hardship Letter To Bank
Hardship Letter To Landlord
Medical Hardship Letter
Hardship Letter For Waiver
Hardship Letter For Rent
Hardship Letter For School
Hardship Letter For Mortgage
Covid Hardship Letter
Hardship Letter For Unemployment