{Name}
{Address}
{Phone #}
{Date}
Dear {debtor}:
I'm writing to let you know that due to the hardship created by a loss of income, I will be unable to make my payment as scheduled this month.
The loss of income is a recent development and is due to the {death/divorce/incarceration/etc.} of my {relation}. Now, instead of {amount}, we are forced to get by on {amount}.
Please consider {reduced payments/deferment/etc.} or another solution that will allow me to remain current on my debt to you. If we can't come up with a new arrangement, I will be in arrears by {date} and will have no choice but to default on the loan.
I look forward to hearing from you with ideas regarding this matter. I will also keep you apprised of any changes in my financial situation.
Sincerely,
{Sender Name}
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Index of Hardship Letter Examples