If you are unable to pay your creditors due to financial difficulties, here is a sample template you can use to write a hardship letter to creditors.
[Recipients Name]
[Address line]
[State, ZIP Code]
[Subject: Hardship Letter] -Optional-
Dear [Recipients Name],
This letter is to inform you that because of the financial hardships I have been experiencing over the past [period of time], currently, I won’t be able to respect the terms of our contract. For this reason, I am writing this request to discuss the matter and find a solution.
Since [date], I have been experiencing financial hardship due to [reason]. However, I take my loan debts seriously, and I have been a loyal customer for years now, for which reason I would like to request [ex. Accept a lower monthly payment, etc.].
This situation is only temporary, and I am looking forward to getting back on track and being able to pay in full again. I hope that this did not cause any inconvenience for you and your business, and I hope that we can continue to work together. I am looking forward to your reply.
Sincerely,
[Senders Name]
Hardship Letter For Work
Hardship Letter For Rent
Hardship Letter To Landlord
Hardship Letter To Creditors
Hardship Letter For Immigration
Sample Hardship Letter
Hardship Letter For Bills
Jury Duty Hardship Letter
Loan Modification Hardship Letter
Hardship Letter For Mortgage