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What are hardship examples?

Examples of hardship events include: Employment status change (layoff, furlough, reduction in pay, transfer) Military deployment. Divorce or separation.

How do you write a convincing hardship letter?

Your hardship letter should include the following essential steps: Write an introduction. Detail your hardship. Highlight how youre being proactive about your financial situation. State your request. Provide assurance of financial recovery. Submit supporting documentation.

What is financial hardships example?

Financial hardship is any type of financial problem that keeps you from being able to manage regular payments on your debts or expenses. Common examples of financial hardships that can affect your personal finances include: An injury that makes you unable to work. A layoff, furlough or other loss of income.

What is an example of a hardship statement?

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.

What should not be included in a hardship letter?

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.

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