How to Write a Hardship Letter That Brings Results
- 1). While trying to keep your letter short, don't risk being too vague. Be sure to include all necessary information and documents such as medical receipts; death certificates; unemployment notices; etc.
- 2). Write with some feeling and emotion.
- 3). Identify the reasons for your failure to keep up with your monthly payments, including any DATES which coincide with the delinquency period.
- 4). Tell your lender what you want: a lower interest rate; a longer loan term; etc. You may even want to list a proposed monthly mortgage amount that you know you can handle.
- 5). Show a willingness to work out an equitable solution - never be confrontational
- 6). Be polite: always thank the lender for his/her time and consideration.
- 7). Include your current contact information.
- 8). Enclose bank statements from the past two months, late notices on your car, last year's tax returns, and anything else you can find that can verify your financial state.
Source...