sample letter for hardship drivers license

When a Financial Hardship Letter Is RequiredĪ hardship letter explains to a lender why you are unable to meet your debt payment obligations. What you would like the lender to do to help resolve your issues.An explanation of the steps you have taken to resolve your cash flow/debt issues.Creating a template or downloading a hardship letter template also ensures you are consistent about the information you provide to your creditors.Ī hardship letter template should include the following details: In addition, many people have multiple debt payments each month, which contributes to their challenge in meeting monthly payments. Hardship letter templates can save you time and ensure that you include all of the appropriate details. Take action immediately and work with your lender to develop a solution that works for both parties. It is far better to communicate with your lender and discuss potential solutions than to let it go until a collection agency comes calling. With a hardship letter in hand, lenders may be willing to work with you to develop a more manageable debt repayment plan. Evidence supporting the situation should also be provided.

Reduced income due to a pay cut, furlough or spouse losing workĪ hardship letter is prepared by the consumer and sent to their creditors, explaining their circumstances regarding why they are unable to meet their commitments.Therefore, you need to give examples as to what is causing your financial difficulties and some of the reasons to state include However, you must first carefully assess the situation before deciding whether to write the hardship letter because some employers, lenders, learning institutions, or hospitals aren’t as lenient.

Sample letter for hardship drivers license