Hardship Letter Sample For Credit Cards. Due to financial circumstances outside of my control, i am no longer able to make even the minimum monthly payment. How to write a hardship letter when to write a hardship letter.
A hardship letter to creditor is written by a borrower to his particular creditor describing the change in his current financial situation. It can stop creditor harassing phone calls and can put the account back on track at the credit bureau. Request for {consolidation/restructure} of loan for {visa, mastercard, etc.}, account {account number} to whom it may concern:
This letter can protect you from the foreclosure of your assets.
Below is a sample hardship letter for credit card debt. If you simply disappear and stop paying your bill, you will probably be turned over to collections and get negative marks on your credit report. This had been an adequate system, until recently, when i fell on hard times. Remember to follow up once the letter has been sent by phone or in person.