Hardship letters are sent to creditors to explain payment delinquency and financial situations. Here is an example of a hardship letter to creditors.
August 23, 2009
Name: Tara Banks
Address: 11 Fareway Avenue, Tucson, AZ
Mortgage Company: L Mortgage Company
Loan no.: 345-00000
To Whom It May Concern:
The economic downturn has caused my company to reduce its workforce and I was unfortunately laid off. I struggled for a few months to keep up with my mortgage payments and was also affected with a bad health.
I am temporarily unemployed and my financial status cannot support a home mortgage of $750 a month. I want to keep my home, avoid foreclosure, and save my credit. I would appreciate it if you could help me in avoiding foreclosure and keep my record clean. I will do whatever you suggest to help me keep my home.
I am aware of what I owe and am applying for jobs from various companies.