List what you have done to try to resolve the hardship. For example, you reduced your expenses, picked up a second job, etc. Explain why you need help from the lender to avoid default. List the options have you explored to address the delinquency and why they haven't worked.
I'm writing this letter to acknowledge my late rent for this month and explain my current financial situation. Last month, I was fired from my job at the local grocery store without notice. Since then, without my regular source of income, I have been struggling to make ends meet.
For example: “Since my divorce, I have worked hard to live under a restricted budget, but I have cut and reduced everything I can from my current financial situation and still don't have enough to meet all of my obligations. Now that my divorce is final, my income and expenses have stabilized.
How to Write a Hardship Letter Explain Your Hardship. Provide Documentation to Back Up Your Claim. List Steps You've Taken to Alleviate Your Financial Burden. Clearly State Your Request. State Your Commitment to Paying Your Debt.
You must have an annual household income at or below 80 percent of the area median income (AMI). You receive waiting list preference with income at or below 30 percent of AMI.
I'm writing this letter to acknowledge my late rent for this month and explain my current financial situation. Last month, I was fired from my job at the local grocery store without notice. Since then, without my regular source of income, I have been struggling to make ends meet.
Check with your local housing authority or social services department. Nonprofit Organizations: Organizations like the Salvation Army, Catholic Charities, and United Way often provide financial assistance for rent and utilities. Look for local chapters in your area.
The Tenant Based Rental Assistance (TBRA) Program provides very low-income households with rent costs for up to 24 months – if funding allows. Households must be homeless or at risk of homelessness.
I'm reaching out to you because I'd like to discuss lowering my monthly rent moving forward. I enjoy living here and would like to continue renting from you, but my financial circumstances have changed and a reduction in rent would be incredibly helpful for me.
Start by calling Washington State 211 at 2-1-1 from a landline, 206-461-3200 or 800-621-4636 or 206-461-3610 for TTY/hearing impaired calls. You'll be asked to explain your situation and give your address and zip code for referrals to agencies serving the area where you live.