Hardship Letter Sample For Car Loan. I have currently paid {amount} of {total}. My intention is to stay in my home, and my hope is that the loan modification will allow me to get my loan in order and back on the right path.
This letter is the place where the borrower can express his or her financial troubles in personal terms to have the best chance to stop a foreclosure or receive better terms on an outstanding loan. You must compose your own letter; Loan modification for {name} to whom it may concern:
My intention is to stay in my home, and my hope is that the loan modification will allow me to get my loan in order and back on the right path.
· reasons for defaulting your loan In such a scenario, while composing a letter chances remain that certain important facts may be deleted.in this case, a hardship letter template or a sample hardship letter can be of great help. This is only to show you what one might look like) another first step is to send the investor a “hardship” letter. The letter should clearly state the facts of the hardship and not exaggerate it.