Hardship Letter To Creditors

If you are unable to pay your creditors due to financial difficulties, here is a sample template you can use to write a hardship letter to creditors.

[Recipients Name]

[Address line]

[State, ZIP Code]

[Subject: Hardship Letter] -Optional-

Dear [Recipients Name],

This letter is to inform you that because of the financial hardships I have been experiencing over the past [period of time], currently, I won’t be able to respect the terms of our contract. For this reason, I am writing this request to discuss the matter and find a solution. 

Since [date], I have been experiencing financial hardship due to [reason]. However, I take my loan debts seriously, and I have been a loyal customer for years now, for which reason I would like to request [ex. Accept a lower monthly payment, etc.]. 

This situation is only temporary, and I am looking forward to getting back on track and being able to pay in full again. I hope that this did not cause any inconvenience for you and your business, and I hope that we can continue to work together. I am looking forward to your reply. 


[Senders Name]

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