Words like “Dear Sir / Madam” should be used in formal letters.Date of the letter should also be there at the top.
Your name, address and postal code should be mentioned in the start.You need to consider following approach in writing a hardship letter.Your letter needs to be sent to the collection agency and convince the original creditor cut you some slack.You also must convey that the hardship you went through is in the past and they you now can afford it.
Explain why it is not possible to comply with the original terms of the agreement, and request modification of the obligatory terms until your financial situation improves.The basics of the letter are anything out of the ordinary that would be causing you financial distress.Simply stating that you have gone through some financial problems is not enough. They care for their money and nothing else. A reality that you need to keep in your mind that lenders do not care about any person’s situation.Consider that you are writing to a person who has not committed any mistake, mistake was from your end so you need to write letter in friendly tone.Determine the tone of letter first of all.Following are the important tips to write a hardship letter Some sample hardship letters are also given below that will help you in customizing your hardship letter according to your own needs.
If you are searching for the answer of question “how to write a hardship letter” we shall provide you all necessary information regarding it. Medical issues, job loss, death in the family are examples of hardships. A hardship must be something that has been out of your control that has forced you into a financial corner.