If you would like to request your bank to change or reduce your payments due to financial difficulties, here is a sample template you can use to write a hardship letter to your bank.
[Recipients Name]
[Address line]
[State, ZIP Code]
[Subject: Hardship Letter] -Optional-
Dear [Recipients Name],
I am writing this letter to disclose that I am currently experiencing financial hardship, leading me to request [ex. Reduce my monthly payments, etc.].
My financial hardships have started on [date], when [event the caused the financial problem]. I am in no way trying to avoid my financial duties, and I am very ashamed of being in this situation. Since I have experienced [event], my monthly income has been $, which is used to [list the things you spend your income on].
As listed above, I would like to request [list the request] to pay off my debts towards [Bank’s Name]. I am looking forward to your reply with the hopes that you find my request suitable. Again, I hope this did not cause any inconvenience for you.
Sincerely,
[Senders Name]
Hardship Letter For Unemployment
Hardship Letter For Credit Card
Hardship Letter For Work
Financial Hardship Letter
Loan Modification Hardship Letter
Hardship Letter For School
Hardship Letter For Husband
Sample Hardship Letter
Hardship Letter For Rent
Hardship Letter To Landlord