A financial hardship is an unplanned, unforeseen financial expense that is beyond the employee's means to manage. It is a life changing event that alters the course of someone's day-to-day and is not solely due to loss of employment.
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.
Quickly state the fact of the matter and proceed. Briefly explain the circumstance: Keep your letter as concise as possible. After you state the problem, provide a short explanation of the circumstances around your issue.
Your letter should clearly identify each item in your report you dispute, state the facts, explain why you dispute the information, and request that it be removed or corrected. You may want to enclose a copy of your credit report with the items in question circled.
How to fill out the Letter of Explanation for Credit Inquiries? Gather your credit report and identify inquiries. Write down the creditor names and inquiry dates. State the reasons for each inquiry. Indicate if new accounts were opened as a result. Review and submit the completed form.