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How To Write A Financial Hardship Letter


A financial hardship letter is one that is written to a creditor explaining the financial trouble that you are in and requesting that the addressee provide you with some sort of specific remedy, depending on the particular situation involved.

There are many different situations that can warrant a financial hardship letter. The two most common situations these days are:
1) to request that your mortgage holder let you “short sale” your house;
2) request to your bank or credit card company to consolidate or restructure your debt.

Other typical financial hardship letters include: requests to a college or university to reduce their admission fees due to special circumstances, appeals to a hospital or medical care provider to reduce their billings for compassionate reasons, or, a request to an insurance company to cover the costs of an unusual medical procedure or treatment, and others.

Tips For Writing A Financial Hardship Letter

Regardless of the specific situation, here are six (6) important guidelines that you should follow if you want to draft a financial hardship letter that will be taken seriously:

1. Keep It Short
Keep your letter short and to the point. Try not to exceed one page. A long, wandering letter will water down the essence of your case and will lose the reader.

2. Make It Personal
Make sure that you personalize your letter as much as possible by including details about you and your family that will get the reader to identify with your situation as a fellow human being.

3. Clearly State Problem
Early in your letter, summarize the specific situation that has prompted you to write the letter. Provide more details in the later paragraphs.

4. Give Enough Information
Your letter should provide enough detailed financial and related information so that the reader can easily understand your situation. Attach clarifying documents as necessary including: cash flow statements, bank statements, income tax statements, invoices, letters, etc.

5. Make Your Request
In the subject-line and the first paragraph of your hardship letter, state exactly what you are requesting. Reiterate this request in slightly different words at the conclusion of the letter.

6. Be Humble and Thankful
To reach the point where you have to write a financial hardship letter means that you are in deep financial trouble and this is basically your last resort. Don’t get into any blame games or side issues. Be respectful and thank the addressee in advance for considering your situation.


Sample Hardship Letters

Following are some real-life samples of financial hardship letters for some of the most common situations for which they are written these days.

Hardship Letter – Mortgage: requesting permission for short sale of house.

Hardship Letter – Credit Card Debt: requesting consolidation and/or restructuring of debt.

Hardship Letter – Business Credit Lines: requesting an increase in credit lines and reduction in interest rate.

Hardship Letter – Provide Background Info: additional financial information to support rental application.


Hardship Letter Real-Life Templates

The thing that makes the above two hardship letter examples different from what you will typically find online is that they are “real-life templates”. In other words, they are complete, fully-formatted letters, written by professionals for actual real-life situations.

These are NOT your typical fill-in-the-blanks templates. They are complete letters that one can quickly learn from and adapt to fit one’s own situation.

When you need to write a financial hardship letter, or any other type of letter, it is always helpful to have real-life samples that show you exactly how a professional writes a letter for a similar real-world situation.

Filed Under: Communication, Letter Writing, Personal, Templates

Welcome Letter


Welcome letters, or letters of welcome, are used in a wide variety of situations. On the business side, they are most often used by businesses to welcome new customers. The sample welcome letter below is typical. In addition to welcoming the new customer it makes a one-time special “welcome offer” in the hope of capturing the addressee as a long-term customer.
(print Welcome Letter on business letterhead paper)
June 28, 20xx

Mr. and Mrs. Steven Baker
280 Heath Drive
Victoria, BC
V9A 2J5


Dear Mr. and Mrs. Baker:

Welcome to Village Green Estates!
I was just advised by Sandy, one of our front desk customer service agents that you and your family have recently moved into our neighborhood. Please accept this as my personal welcome to your entire family!

You’ve made an excellent choice on where to put down roots, if only for a while. I’m sure that you and your three children will love this closely knit little neighborhood we have here. Great people, good schools, lots of parkland, and a very active community association are what make this one of the most desirable communities to live in anywhere in the province.

In addition to welcoming you as a neighbor; as President of the local merchants association I would also like to welcome you on behalf of my fellow merchants. You’ll find that Village Green Estates has an exceptional group of small merchants and service companies ready to serve you with competitive prices and a focus on customer service.

As President and Owner of Clean Rite Dry Cleaning Systems Inc., I would like to offer you a welcome wagon special for new members in our community, as follows. For three(3) months from the date of this letter your entire family is eligible for a 15% discount off of our regular prices for all dry cleaning work that is done by Clean Rite. In fact, I have taken the liberty of having the staff enter your family name and address into the computer so that the moment someone in your family drops something off for cleaning, the discount will be applied automatically.

We look forward to serving you and getting to know you.

At your service,


Reg Dawson
President

Filed Under: Business, Letter Writing, Personal, Templates

Sample Letter Templates


When you need to write a letter, it can be invaluable to have an example letter to work from. In fact, I strongly recommend that you use a real-life sample of a professional quality letter, in order to save your self time and trouble and produce a letter that will make you proud.

Since I first posted letter writing tips and samples on this website more than a decade ago, millions of unique visitors have come to this site looking for help with their day-to-day writing needs.

Standard web hosting statistics have allowed me to study the preferences and patterns of those visitors as they have clicked around to the various pages on the website. So, the site has been a great “research and development lab” for me to see what people are REALLY looking for when it comes to their writing information needs. Not always what you might guess.

It turns out that the majority (about 60%) of those visitors have been looking for letter writing help of one kind or another.

By studying the click-through patterns of those visitors, I have been able to gain a very good understanding of the entire subject of “letter writing needs” in the sense of practical day-to-day letter writing requirements of the typical visitor to my website.

Based on what I have learned from my visitors over the years, there are two broad categories of letters: business letters and personal letters. Each one of these groups can be further divided into several additional sub-categories.

The links below will take you to the two major letter categories where you will find links to real-life sample letter templates for each one.

Business Letter Sample Templates
http://writinghelp-central.com/sample-letters-business.html

Personal Letter Sample Templates
http://writinghelp-central.com/sample-letters-personal.html

On those pages you will find a definition of the types of letters included in the category plus links to numerous real-life sample letter templates for the most commonly requested letters of each type.

A “real-life template” is an actual letter written to deal with an actual real-life situation. They are much easier to work with than the typical “fill-in-the-blank” types of templates that one sees all around the Net. Those types of generic templates are usually too generalized, trying to fit all situations, and thus are normally difficult to adapt to one’s real-life situation.

On the other hand, real-life templates are fully-formatted and written in final form, just as they were sent out in an actual situation. They therefore provide a true-to-life example of exactly how a professional would write the letter.

Filed Under: Business, General, Letter Writing, Personal, Templates

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