Hardship letters work out blank 2025

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When you write the hardship letter, dont include anything that would hurt your situation. Here are some examples of things you shouldnt say in the letter: Dont say that your situation is your lenders fault or that their employees are jerks. Dont state that things will likely turn around for you.
Depending on your situation, you might submit documents such as an unemployment notice, medical bills, military orders or a divorce decree. Its also helpful to provide verification of all sources of income (paystubs, W-2s and 1099s) as well as account statements to show your current financial status.
Dear Harry Jones: I am writing this letter to request assistance with my personal loan during a time of financial hardship. Approximately two weeks ago, I was let go from my job due to company-wide layoffs. As a result, I have been unable to continue making regular payments on my loan.
Lenders may ask you for evidence of your hardship, like a doctors certificate or termination notice. Lenders may also ask for bank statements and evidence of income.
A financial hardship letter is the best way to explain why your account is behind schedule. Lenders may use them to determine whether to offer relief through reduced, deferred, or suspended payments.
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What to include in a hardship letter The date, your name, address and phone number. The lender/servicer and loan number. The date or approximate time frame when the hardship started. The expected timeframe of hardship short term (six months or less) or long term. Describe your goal. State the facts, not emotions.

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