Hardship Letter Examples

   Hardship Letter Due to Reduced Hours

To Whom It May Concern:

I am writing to try to {consolidate my loan, avoid foreclosure, restructure a payment plan, delay payment, request debt forgiveness} for {my mortgage, my personal loan, car loan, credit card bill, medical bill etc.}.

On {date}, my company, {Company Name}, made mandatory cutbacks and reduced my hours from {hours} per week to {hours} per week. I am a {salaried/hourly/contract} employee and the loss of those hours means that I no longer receive {amount per day/full-time benefits}. This has both reduced my income and removed the possibility of drawing benefits. A statement from my insurance company confirming this new development is attached.

My new situation has left me a part-time employee. I have procured a new part-time job for now at {amount} per hour for {number} hours per week, which has granted me an additional {amount} per week. However, this does not change the fact that neither company needs to offer me benefits.

The cost of paying for {benefits} out of my own pocket is {amount} per {month/year}. That amount was previously going toward {necessary expense(s)}. The rest of my income is divided according to the spreadsheet attached to this letter. I simply no longer have the funds to meet my current payment plan.

{If this is for a mortgage, specify whether you'd like to stay in your home, or whether the home is up for sale already. For any other loan, come up with some sort of plan for repayment, such as lower payments each month, a lower interest rate, etc., and suggest it here.}

I am hoping that we can work out some sort of solution as quickly as possible. Please contact me immediately so that we can begin this process.


{Sender Name}

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Index of Hardship Letter Examples