Financial hardship letters are letters that explain to an institution or a bank a lenders failing financial situation. If it is properly written, it can help a lender keep his/her mortgaged property. An effective hardship letter is one that is short, personal, informative, clear, and humble. Below is an example of hardship letter to a bank.
August 22, 2009
Name: Christine Valeria
Address: 45 Canes Avenue, Dallas, TX
Loan no: 7575774-333
I am writing this letter as an explanation for my delinquency in paying for my loans. This is due to my recent loss of job last June 22, 2005.
I am hoping for your help in working out my loan so that I can cope up with what I owe to your bank with the shortest possible time. I am fully aware of my financial obligations with your bank and I am doing my best to find a source of income for my financial responsibilities.