Decline Signature Block Hardship Letter For Free

How To Write A Hardship Letter: 7 Tips Include Accurate Contact Information. ... Be Personal, But Keep It Semi-Formal. ... Keep The Letter Short And Concise. ... State The Problem. ... Provide Enough Documentation. ... Include An Action Plan. ... Have Your Letter Reviewed Before Sending.

Your hardship letter should include the following essential steps: Write an introduction. ... Detail your hardship. ... Highlight how you're being proactive about your financial situation. ... State your request. ... Provide assurance of financial recovery. ... Submit supporting documentation.

State your hardship and its cause Whatever the reason, you need to provide evidence that shows how it reduced your income or increased your expenses, and how long it will last. For instance, you can attach copies of your pay stubs, bank statements, medical bills, divorce decree, or insurance claim.

Hardship Examples Some reasons might be purely financial while others may center around major life events. The most common examples of hardship include: Illness or injury. Change of employment status.

I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working with us to modify our loan.

In a straightforward manner, explain what caused your current financial struggles, whether it is a job loss, divorce, medical emergency or another unexpected hardship. Highlight how you're being proactive about your financial situation.

Your hardship letter should not be longer than one page, and it should be easy to read and understand. Avoid using complex words, jargon, or emotional language that might confuse or annoy your lender. Instead, use simple and direct sentences that state the facts and your intentions.

Because my income has dropped considerably I can no longer afford the terms of the original loan. As a loyal customer of your financial institution, I'd like to ask for the following: ? A lower interest rate amount of NO MORE THAN 6% ? Accept lower payments of $ _________ per month.