Work smarter, not harder with JPG Hardship Letter Templates to Download in 2024

Aug 6th, 2022
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How to JPG Hardship Letter Templates to Download in 2024

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LEARN HOW TO WRITE FINANCIAL HARDSHIP LETTER Not sure how to reduce your average monthly loan payments? Choose this template to create your document, then send it to the creditor. Please, follow the link in the description to open the document form. Now, you can start to fill out the form: - Begin with your First and Last name at the top, an example JOHN DOE - Next, enter your current address, the same address as mentioned in your ID or Driver License: Address Line 1: 123 EXAMPLE STR, UNIT 1 Address Line 2: NEW YORK, NY 12345 - Choose your Document Date - Then, input the creditor name, lets say BANK EXAMPLE LLC - Now, enter creditor Address Line 1: P.O. BOX 12345 - Address Line 2: MIAMI, FL 54321 - Please type your disputing Account # 12345, Opened January 1, 2020 - Next, type the amount you are willing to pay, an example $100 - Scroll down, and enter your First and Last Name exactly as they appear on the Driver License or ID: JOHN DOE - Then, input your Social Security Number: 123-4

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Tips for Writing a Hardship Letter Keep it original. Be honest. Keep it concise. Dont cast blame or shirk responsibility. Dont use jargon or fancy words. Keep your objectives in mind. Provide the creditor an action plan. Talk to a Financial Coach.
Documentation Required: Current written statement or notice from landlord, bank, or mortgage company on their letterhead detailing amounts due necessary to prevent the eviction or foreclosure. If written statement from landlord is provided, you must include a copy of the lease agreement.
Dear Sir or Madam: I am writing to notify you of my inability to pay the above-referenced bill for (describe your condition and treatment). I have received the enclosed bill (enclose a copy of the documentation received from the billing company), but I am unable to pay the bill as outlined.
Put your name, address, phone number, loan number, and date on the top of the letter. List the name and address of your lender. information about any money you have saved for a workout agreement. Tell the lender you are working with a foreclosure counselor and include their name and agency.
The most common examples of hardship include: Illness or injury. Change of employment status. Loss of income. Natural disasters. Divorce. Death. Military deployment.
DO include documentation, including the following where applicable: Three months of copies of your wage statements. Three months of copies of your bills. Letters from doctors. Three months of copies of your bank statements. Letter from your mortgage company or landlord. A copy of your most recently filed tax return.
How To Write A Hardship Letter: 7 Tips Include accurate contact information. Be personal, but keep it semi-formal. Keep the letter short and concise. State the problem. Provide enough evidence. Include an action plan. Have your letter reviewed before sending.
To Whom It May Concern: I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working with us to modify our loan.

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