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Hardship letters are always effective documents that you can present to your bank in cases of financial instabilities. Here is an example of a hardship letter for Countrywide.

August 24, 2009

Name: B Reddy

Address: 57 York St, Miami, FL

Contact no: 123-4568

To Whom It May Concern:

I am humbly submitting this letter as an explanation for my financial hardship and credit situation.

I have been employed for 10 years as a supervisor in a department store and through those years, I have not incurred huge debts with your bank. Based on my credit reports, I have always paid on time and have maintained a clean record.

Unfortunately, I was laid off with my job two months ago and since then I have been struggling with my finances. I would be glad if you could offer me a workout option for my loan in your bank.

Respectfully yours,

B Reddy

5/24/08

Download Countrywide Hardship Letter

If you are on a financial crisis and you had a loan with Chase bank, you can use a hardship letter to help with your ordeal.

August 24, 2009

Name: Manny Handy

Address: 13 Tea Avenue, Tampa, FL

Contact no: 123-4568

To Whom It May Concern:

I am I have been a loyal depositor of your bank – Chase Bank for five years and I am very much interested with your loan modification plan. I am struggling to meet my monthly payments for my loans because my working hours has been cut down along with my salary. I am having trouble on adjusting with my current financial status and on the verge of emotional and physical breakdown.

I hope you could understand my situation and help me on a workout option. Please contact me for an appointment so that we can discuss about available options that best suits me.

Respectfully yours,

Manny Handy

2/5/08

Download Chase Hardship Letter

Hardship letters are useful documents especially for those who need to explain due payments or loans to mortgages companies or banks. Below is sample of a hardship letter for bank charges.

August 23, 2009

Name: Agnes Beans

Address: 45 Waldorf Avenue, New York, NY

Contact no: (035) 555-4567

Loan no: 34567-8999

Dear Sir:

I hereby apologize for not paying my overdue charges for my current loan. I was unable to pay the charges because I was so busy keeping up with my medical bills for the past two months. My health has also kept me from working for over a month which means that my income was cut short.

Since I am already doing well, I can already resume work. I believe that I can pay my overdue charges to your bank at the end of this month.

I, Agnes Beans, state that the information provided above is true and correct to the best of my knowledge.

Agnes Beans

8/23/09

Download Bank Charges Hardship Letter

Financial problems are some of the many crises that most people try to ignore. However, these problems are hard to put behind because they are inevitable. When you experience this kind of problem, it is best for you to be equipped with the knowledge of writing a letter of hardship.

Here is an example of a letter of hardship.

August 22, 2009

Name: Roxanna Jameson

Address: 32 Sunny St., Irwindale, CA

Mortgage Company: Mortgage Me

Loan No: 123456767-456

Dear Sir:

I am writing you this letter as an explanation for my delinquency in paying for my mortgages. I have done with all my power to makes ends meet but unfortunately, I have fallen short with my assets. The major reason that caused my payments to be delayed is my staggering medical bills. I am strongly hoping for you to consider working out my loan.

I believe that I can come up with a solution for this problem and will soon make ends meet again.

Sincerely and respectfully yours,

Roxanna Jameson

8/22/08

Download A Letter of Hardship

Hardships letters are requirements to clients of most mortgage companies. This is required before you or other clients will be considered for possible workout options. Hardship letters can provide you with a chance to appeal to the mortgage company for another opportunity to make transactions with them.

Here is an example of a financial hardship letter.

August 22, 2009

Name: Arianne Jones

Address: 35 Forth White St., Sacramento, California

Mortgage Company: Mortgage for You

Loan Number: 123456768-9886

Dear Sir:

I humbly request your time to review my financial situation to ensure if I am eligible for a workout option.

I have fallen behind my monthly payments due to extreme financial difficulties caused by my recent unemployment. I was one of the thousands of workers laid off due to today’s economic crisis. However, I am happy to say that I have found a job as a store manager and will be able to resume paying my home’s mortgage immediately.

I, Arianne Jones, state the information above is true and correct.

Arianne Jones

Download Writing a Financial Hardship Letter

Hardship letters are vital documents. Hardship letters are not just any kind of letter that you send to just anyone. It is very much needed for people experiencing financial hardships or instabilities. This is why it is important to know how to write one because you will never know when the hardships in life will come. There are tips on how to write a hardship letter that can convince lenders or creditors. However, before writing it is best to know and understand its purpose which is explaining your hardships to a mortgage company, a bank, or an immigration agency.

What should be included in a hardship letter? It should essentially contain the reason for your missed payments or loan renegotiation. You should also include what agreements you want to settle with the mortgage company or the bank. It is always best that you briefly explain the circumstances that led to your inability to pursue your financial obligations. Always put in mind to include in the letter a solution to your problem.

Writing a hardship letter that can work with any lender is so simple.  The only thing that you have to keep in mind while doing it is by keeping it personal. Never lie on your hardship letter and always provide a proof of your current financial situation such as a medical bill or a financial statement. The thing that you should observe in your hardship letter is that you should keep it brief, straight to the point, well detailed, and convincing.

Download Tips on Writing a Hardship Letter

One way to help you settle your payments for a student loan is by writing a hardship letter. Here is an example of a student’s loan hardship letter.

August 24, 2009

Name: John Alberts

Address: 77 Yak St., Montgomery, AL

Creditor: Yale University Student Loan Billing

Account no.: 122345-88

To Whom It May Concern:

I am writing this letter to explain my delinquency in paying my loan due last month. My delinquency was caused by my parent’s delay of sending me money. There delay was caused by my father’s ill health, which led our family into financial instability.

I am a straight A student for the past two years and I don’t want to lose every chance for a good future with your prestigious university. I would gladly appreciate it if you could help me modify my student’s loan for this semester.

Please contact me if you want to discuss my loan’s payments plans. Thank you and Godspeed.

Respectfully,

John Alberts

8/24/09

Download Student Loans Hardship Letter

Below is a sample of a simple short sale hardship letter that makes or breaks your chances of selling your home as a short sale.

US Mortgages

32 Saints Avenue, Tampa, FL

(234) 456-6907

August 23, 2009

RE: Request for short sale for 12 Hans Street, Tampa Fl

To whom it may concern:

I bought my home at Saints Avenue May of last year. During that time, B & B Holdings employed me as an accountant and business was very good. My salary made sure that I could fully support my mortgage. Unfortunately, the economic downturn led B & B Holdings to be bankrupt.

I really love my house but I can no longer afford paying its mortgage this is why I am selling it quickly. I believe that a foreclosure on my record will affect my future, which is why I am asking your help to avoid it.

Sincerely,

Anna Pairs

34 Area Road, Tampa FL

(123)345-6789

Download Short Sale Hardship Letter

Hardship letters can sometimes be your chance of keeping your home or your property. It serves an important purpose especially if you cannot cope up with due payments to a mortgage company or to a bank.

August 23, 2009

Name: Maria Emille

Address: 78 Oaks Street, Sacramento, CA

Mortgage Company: Glenn Mortgages

Loan No: 234566-888

Dear Sir:

I apologize for my delinquency in paying my mortgages for the past two months. I am having problems making my monthly payments because of financial difficulties aggravated by my lost my job. I am humbly requesting that you review my financial situation to see if I can qualify for a workout option.

I believe that my situation is temporary and I hope that the option that you can give me will suit my financial status.

I, Maria Emille, state that the information provided above is true and correct to the best of my knowledge.

Maria Emille

8/23/09

Download Sample Hardship Letter

A hardship letter can help save the foreclosure of your company. here is an example of a pre-foreclosure hardship letter.

August 23, 2009

Name: Hazel James

Address: 58 Fort Street, El Paso TX

Mortgage Company: EHL Loans

Loan no.: 9999-0000

To Whom It May Concern:

I am writing this letter to explain my delinquency in paying my mortgages and to help save my beloved home. I have fallen short on my payments because I was caught in the middle of a divorce. My divorce has left me to be financially unstable and I am trying to meet ends meet.

I have now exhausted all my income, which is why I am asking your help to lessen my financial problems. I would appreciate it if you could work with me by agreeing to short sale on my property. I do not want to have my home foreclosed and truly hope that you would consider my proposal.

Sincerely,

Hazel James

8/23/09

Download Pre-Foreclosure Hardship Letter