The following is a format for a hardship letter sample. Do not use this format word-for-word, but use it to help you create one in your own words. Also, be sure to send the hardship letter by certified mail with a return receipt requested. This will provide proof that you sent the letter. The sample below is generic, so fill in your specific information where you see the brackets [ ]. For example, you should replace [insert your particular problem, such as behind on payments] with something like fall 3 months behind on payments.
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John and Mary Smith
1234 Elm Street
Anywhere, GA 33333
Ms. Lucy Ball
Company Name
1234 Main Street
Any City, NY 12345
[insert current date ]
RE: [insert Loan Number / Account Number / Invoice Number]
Dear Ms. Ball,
This letter is to explain the circumstances which have caused me to [insert your particular problem, such as behind on payments]. Even though I have done everything possible to improve my [insert financial or other conflict] situation, I am still unable to [insert solution, such as make my payments]. I would greatly appreciate the opportunity to [insert your request, such as conduct a short sale].
The main reason that I am [insert type of problem, such as behind on payments] is [insert your personal situation, such as unemployed, divorced, etc.]. [Add another sentence about how you’ve tried everything possible to avoid this problem]. Therefore, I am turning to you for assistance.
Please consider [insert your specific request, such as reduce or suspend payments for a few months]. This will allow me to [insert solution, such as make my payments]. Please advise me of all options available to help me fix [insert type of problem, such as behind on payments] at your earliest convenience. I am anxious to reach an agreement and look forward to your response response.
Sincerely,
Printed name of all borrower(s)
Signature of all borrower(s)
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For more, see How to Write a Hardship Letter.