To Whom It May Concern:
I am writing to try to request a modification to my car loan, since I am unable to meet my current payments. Specifically, I would like to {lower the interest rate/remove delinquency fees/forgive delinquent payments}.
My auto loan has proven unmanageable and as of {date} it is especially problematic because {the car has lost value/the loan value is upside down/I've experienced sudden, unexpected financial difficulty}.
As of {date}, I {owed more for the loan than the car was worth/I was involved in an accident that wasn't my fault/I lost my job, etc.}. I would like to avoid repossession, but I can think of no way out of this situation without a loan modification.
I am hoping that we can work out some sort of solution as quickly as possible. Please contact me immediately so that we can begin this process.
Sincerely,
{Sender Name}
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