Hardship Letter Not Delinquent

To Whom It May Concern:

I am writing to try to {consolidate my loan, avoid foreclosure, restructure a payment plan, delay payment, request debt forgiveness} for {my mortgage, my personal loan, car loan, credit card bill, medical bill etc.}.

As of this date, {date}, I am not delinquent in any of my payments, but please understand that I cannot keep this up any longer. Due to necessary expenses such as {medical bills/child care/disability/etc.}, I only have {amount} left at the end of every month to cover this payment. It has already eaten through my meager {amount} savings and that amount will be completely gone within the month.

I am trying to be proactive with my financial responsibilities and I would like to come up with a solution before my credit rating is destroyed. I am willing to pursue any solution in this matter, but the current situation is not viable for me any longer.

{If this is for a mortgage, specify whether you'd like to stay in your home, or whether the home is up for sale already. For any other loan, come up with some sort of plan for repayment, such as lower payments each month, a lower interest rate, etc., and suggest it here.}

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}

Index of Hardship Letter Examples