If you’re missing payments due to illness, use one of our sample hardship letters to explain to your lender. An illness can do more than rob you of your health. It can keep you from working, drain your bank account, and bury you under medical bills. Loss of income and high debt due to illness …
Category Archive
for: ‘Reasons’
Expenses – you have a valid hardship if you can’t keep up
Sample Hardship Letter Due to Excess Expenses It isn’t unusual for a sudden increase in expenses to overwhelm your income. All it takes is a new baby, family members who need help, unexpected funeral expenses – the list is long. If your income can’t keep pace with your expenses, you have a valid hardship. Click …
Divorce – a valid financial hardship
If you are missing mortgage payments because of divorce, use our sample hardship letters to negotiate with your lender. Separating from your spouse can be overwhelming and upsetting, not the least because the spouse who retains the home is often unable to pay the mortgage that was easily afforded on two incomes. The financial upheaval …
Employment – losing your job and income is a valid hardship
Use our sample hardship letter collection to request help from your lender when you can’t find employment. If you or your spouse has had trouble with employment, such as not being able to find a job, being let go, or being forced to take a lower-paying job, you have a valid hardship. Click the image …
Bankruptcy – having your assets frozen is a valid hardship
We have sample hardship letters that can help you if you’re in bankruptcy. If you are going through bankruptcy, the court may have frozen your assets, making it impossible to pay any creditor, including your mortgage lender. This is a valid hardship. Click the image below to find out more about the hardship letter collection …
Medical issues – income loss and debt are valid hardships
If your medical bills are out of control, use one of our sample hardship letters to negotiate with your creditors. Illness, hospitalization, or a disabling medical condition can have a devastating effect on your finances, wiping out your savings and preventing you from working. Income loss due to illness and medical debt are both valid …
Due to divorce, no cash for the mortgage – a valid hardship!
When you need to negotiate with creditors due to divorce, use one of our sample hardship letters. Divorce often results in a drastic reduction in income, not to mention increased debt due to attorneys’ fees. If you are having financial difficulties due to divorce, you have a valid hardship. Click the image below to find …
Income – reduced or lost income is a valid hardship
If your income has either been reduced or lost, you have a valid hardship and can write a strong hardship letter. Our hardship letter collection has many great examples of reduced and lost income as the main reason for the hardship. Check it out to get good ideas about how to word your situation well. …
Business
If business is bad, reduce your debt load using one of our sample hardship letters. Business can enter into your hardship letter in a couple of different ways: If you’re writing a hardship letter for your mortgage or for another creditor due to your business struggling, then you need to explain what has been happening, …
Bad Credit – how to write about it in your letter
If your bad credit is affecting your ability to pay your debts, renegotiate your debt load using one of our sample hardship letters. Most lenders account for bad credit as a valid hardship. In this economy, many people have excessive debt payments, are overextended with their creditors, and get hit with late fees, often, which …
