If you would like to request your bank to change or reduce your payments due to financial difficulties, here is a sample template you can use to write a hardship letter to your bank.
[Recipients Name]
[Address line]
[State, ZIP Code]
[Subject: Hardship Letter] -Optional-
Dear [Recipients Name],
I am writing this letter to disclose that I am currently experiencing financial hardship, leading me to request [ex. Reduce my monthly payments, etc.].
My financial hardships have started on [date], when [event the caused the financial problem]. I am in no way trying to avoid my financial duties, and I am very ashamed of being in this situation. Since I have experienced [event], my monthly income has been $, which is used to [list the things you spend your income on].
As listed above, I would like to request [list the request] to pay off my debts towards [Bank’s Name]. I am looking forward to your reply with the hopes that you find my request suitable. Again, I hope this did not cause any inconvenience for you.
Sincerely,
[Senders Name]
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