Learn More
A hardship letter for car payment is a letter that explains the financial difficulties that you are experiencing and request the lender to consider a reduction or delay in your car payments.
The letter should include the following information:
- An introduction that explains the purpose of the letter
- A description of your current financial situation, including any changes that have affected your ability to make your car payments, such as a loss of income or unexpected expenses
- A request for a specific solution, such as a reduction in the monthly payment amount or a delay in payments
- An explanation of how you plan to address your financial difficulties in the future
- A statement of your willingness to work with the lender to find a solution
- Your contact information
Here are examples of a hardship letter for car payment:

Sample 1 - Hardship Letter For Car Payment
[Your Name]
[Your Address]
[City, State ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Lender Name]
[Lender Address]
[City, State ZIP Code]
Dear [Lender Name],
I am writing to request your assistance in addressing my current financial difficulties. I am currently experiencing a hardship that has affected my ability to make my car payments on time.
I am currently facing a loss of income due to [reason for loss of income]. This has caused me to fall behind on my car payments, and I am now facing a [number] month(s) of missed payments.
I understand that this situation is not only difficult for me but also for your organization. I am committed to finding a solution that will allow me to continue making payments and avoid default on my loan.
I am requesting your assistance in the form of a reduction in my monthly payment amount or a delay in payments. I am willing to work with your organization to find a solution that will allow me to catch up on my payments and continue making them in the future.
I appreciate your time and consideration in this matter. Please let me know if there are any further steps I need to take in order to address my financial difficulties.
Thank you.
Sincerely,
[Your Name]
Sample 2 - Hardship Letter For Car Payment
[Your Name]
[Your Address]
[City, State ZIP Code]
[Email Address]
[Phone Number]
[Date]
[Lender Name]
[Lender Address]
[City, State ZIP Code]
Dear [Lender Name],
I am writing to request your help in addressing my current financial difficulties. I have been a responsible borrower and have always made my car payments on time, but I am now facing unexpected expenses that have affected my ability to continue doing so.
Recently, I had a medical emergency that required me to pay for unexpected medical bills. This has caused me to fall behind on my car payments, and I am now facing a [number] month(s) of missed payments. I understand that this is not only a difficult situation for me but also for your organization.
I am committed to finding a solution that will allow me to continue making payments and avoid default on my loan. I am requesting your assistance in the form of a delay in payments for a [number] month(s) so that I can catch up on my medical bills and get back on track with my car payments.
I am willing to provide any documentation or proof of my medical expenses to support my request. I also plan to take steps to improve my financial situation, such as looking for a higher paying job or cutting expenses.
I appreciate your time and consideration in this matter. Please let me know if there are any further steps I need to take in order to address my financial difficulties.
Thank you,
Sincerely,
[Your Name]
Frequently Asked Questions (FAQs)
1. What is a hardship letter for car payment?
Answer: A hardship letter for car payment is a letter that explains the financial difficulties that you are experiencing and requests the lender to consider a reduction or delay in your car payments.
It is usually used when a borrower is facing a temporary financial hardship that has affected their ability to make their car payments on time.
2. Why do I need to write a hardship letter for car payment?
Answer: A hardship letter for car payment is used to provide the lender with an understanding of your current financial situation and request their help in addressing your difficulties.
It is an opportunity to explain why you are struggling to make your payments and request a solution that will allow you to catch up and continue making payments in the future.
3. What should I include in my hardship letter for car payment?
Answer: Your hardship letter for car payment should include the following information:
- An introduction that explains the purpose of the letter
- A description of your current financial situation, including any changes that have affected your ability to make your car payments, such as a loss of income or unexpected expenses
- A request for a specific solution, such as a reduction in the monthly payment amount or a delay in payments
- An explanation of how you plan to address your financial difficulties in the future
- A statement of your willingness to work with the lender to find a solution
- Your contact information
4. How do I submit my hardship letter for car payment?
Answer: You can submit your hardship letter for car payment by mail, email or fax. Be sure to include all necessary documentation and proof of your financial situation. It’s important to keep a copy of your letter and any documentation you provide for your own records.
5. What is the process of applying for a hardship program for car payment?
Answer: The process of applying for a hardship program for car payments will vary depending on the lender. However, in general, the process may involve the following steps:
- Contact your lender to inquire about hardship programs or options
- Provide the lender with a hardship letter and any required documentation
- Wait for the lender to review your application and make a decision
- If your application is approved, work with the lender to implement the hardship program and make the necessary arrangements
- If your application is denied, consider other options such as refinancing or selling the car.
6. What are some common reasons for needing a hardship letter for car payment?
Answer: Some common reasons for needing a hardship letter for car payment include loss of income, unexpected expenses, medical emergencies, and job loss.