How to write a Hardship Letter

Brief Introduction

How to write a Hardship Letter

If you have asked for a mortgage loan and you are facing economic problems you will have to write a hardship letter to your lender.

Tips and Recommendations

In this letter, you will have to explain your particular situation and how do you expect to resolve it (and in how much time). It is always a difficult situation, but we will explain you how to write a hardship letter.

1. Put your personal information: full name, address and mortgage account number.

2. Explain your situation honestly, telling all the problems you have had. However , your lender will have to be sure that you can afford your debt, so it is necessary to explain your plan to pay it.

3. Do not forget the purpose of the letter: you are asking for a change in your payment plan in order to afford it. For this reason, try to be as positive as you can (but do not lie, your problems will become bigger and bigger.)

4. At the end, it is very important to add your phone number or any meansof contact.

5. Sign the letter and put your full name below of it.
Following this simple steps, it is probably that you get the answer that you want!

Hardship Letter sample

Hardship Letter