Credit Card Hardship Program Letter

{Name}
{Address}
{Phone #}

{Date}

Dear {creditor}:

Please consider this letter my application for your hardship program.

I currently owe {amount} on account number {number}. My account is not yet delinquent.

Due to financial circumstances outside of my control, I am no longer able to make even the minimum monthly payment. {Explain hardship}. I am reaching out to you before my account is in arrears in the hopes of maintaining my good credit and avoiding late fees, a higher interest rate, and other penalties.

Please consider accepting monthly payments of {amount}. I would also appreciate it if my interest rate were lowered to {percentage}.

I am now {starting a new job/being treated for an illness/in a better living situation} and am confident that this rough patch will be over in a matter of a few months to a year.

I will be grateful if a revised payment plan is accepted. However, before moving forward with such a plan, please send a written copy of such and advise me as to how this might impact my credit rating in the future. I wish to avoid a negative credit report.

Sincerely,

{Sender Name}

Index of Hardship Letter Examples