Sample Hardship Letters
A short sale is a type of real estate transaction that occurs when the seller owes more money to his or her mortgage company than what the property is selling for. Typically, this occurs when a property value has declined and when the homeowner must relocate rather than wait for home values to improve. Often, …
A loan modification hardship letter is a formal way to request a modification to a loan. This letter is the place where the borrower can express his or her financial troubles in personal terms to have the best chance to stop a foreclosure or receive better terms on an outstanding loan. Banks and other lenders …
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Here is an example of a student loan hardship letter. It should be sent by certified mail, so the sender has proof of the time it was sent and received. Only copies of documents should be included. No original documents should be sent. The sender should keep a record of this and any other communication …
Most people have some credit card debt, and if there are unexpected events in their lives that affect their finances, their ability to repay their credit card debt may be affected. In many cases, if the consumer clearly and politely explains their situation to the credit card company with a hardship letter, there is a …
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