Hardship Letter Examples

   Hardship Letter Due to Reduced Income

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 reversed their previous decision to raise my salary from {amount} to {amount} on {date}. While this was not done retroactively, it still ruined the financial plan I had set out for the year.

My reduced income level means that I make {amount} less than I used to. That {amount} was specifically used to pay for {necessary expense}, while the rest of my salary went to {other necessary expenses}. Please see the attached spreadsheet for full information on my financial distribution.

I have spent the last {amount of time} looking for a new job in my field with better pay, but with no success. Since {date} I have been pursuing the possibility of taking on a second job just for the supplemental income, but have yet to procure any promising leads.

{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}

Download this hardship letter — free!

Formatted and ready to use with Microsoft Word, Google Docs, or any other word processor that can open the .DOC file format.

Index of Hardship Letter Examples