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Financial Hardship Letter
When you are experiencing a financial hardship that prevents you from making payments as planned, you may use this sample letter template to communicate the difficulty. This sample template allows you to state your hardship along with how you will be addressing the matter to resolve your financial obligations.

Free Sample Template
Format: Word PDF
# of Pages: 1
Printable: Yes

Financial Hardship Letter TemplateForm 3727
Format: Word PDF
Category: Home Life, Finance
Type: Letter

Financial Hardship Letter

[Your Name]

[Address]

[City, State, Zip]

[Date of letter]

[Recipientís Name]

[Title]

[Company Name]

[Address]

[City, State, Zip]

Re: Loan #:___________________

Dear [Recipientís name],

I am writing to you today to inform you of my unfortunate financial circumstances that have caused me to fall behind on my mortgage payments and place my account in a delinquent status. Over the last month I have done everything in my power to make the required payments. However, due to circumstances that are completely out of my control I am unable to make the proper payments on time. I would like to create a resolution that is mutually beneficial and allows me to stay in my home and also make affordable payments at the same time.

I lost my job several months ago and then two weeks ago my car broke down and I was forced to use my mortgage money to repair my car. It is my full intention to pay all past due mortgage payments, however, at this time I am not able to make all of the required payments.

To begin to save money I have taken the following cost saving measures:

1. _____________________________________________________________________________________

2. _____________________________________________________________________________________

3. _____________________________________________________________________________________

By taking the above listed cost saving steps my financial situation will improve and I will be able to start to stay current for the remainder of the mortgage with a small adjustment. My family and I would greatly appreciate it if we could work together to find a resolution where both parties benefit. Please call me at your earliest convenience.

Best regards,

[Your Signature]