Learn how to write a debt forgiveness letter. Use our sample debt forgiveness letter as a template for your letter.
Debt Forgiveness request Letter sample
Your Name
Your Address
City, State, Zip Code
DATE
Name of Lending Company
Address of Lending Company
City, State, Zip Code
Subject: Credit Card Account 5455-9087-3457-0987-2345
To Whom It May Concern:
I have had an XYZ Credit Card since 1985. Recently, I was diagnosed with a health problem that has impaired my ability to work full time. My salary of $50,000 has been reduced to around $25,000, as I can only work part time hours.
I anticipate this reduction in pay and hours will be for at least a year or more. Giving my current financial status, I am asking for help in reducing the late fees and the balance on this credit card.
I would like to reach a settlement on this card so that I can pay off the balance and close the account. Currently, there is about $2,000 owed on this debt.
What kind of programs do you have to assist people who are in my position? I have also attached documentation, including my pay stubs, so you may see that I am in a financial pinch.
If you have any questions, please feel free to call me at 740-980-7899. I look forward to working out this situation with XYZ Credit Card in a manner that is satisfactory to both parties.
Sincerely,
Your Signature
Your Printed Name
List of Enclosures
