[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Creditor's Name] [Creditor's Address] [City, State, ZIP] Subject: Request for Temporary Reduction of Loan Payment Amount Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to you as a valued customer of [Creditor's Name], currently facing unexpected financial hardships due to unforeseen circumstances. I am sincerely requesting your assistance by temporarily reducing the loan payment amount on my [specific loan type] for the duration of [time period]. Furthermore, I have been a diligent borrower with a consistent payment history since the inception of the loan. However, due to [briefly explain the reasons behind the financial hardship], I am currently struggling to meet my financial obligations. This situation is only temporary, and I firmly believe that by temporarily reducing the loan payment amount, I will be able to ensure my financial stability and maintain a satisfactory credit profile. To provide you with more clarity regarding my financial situation, I have attached supporting documents, including [list the documents you are attaching, such as bank statements, pay stubs, proof of unemployment, medical bills, etc.]. These documents accurately depict the current state of my finances and substantiate my need for temporary assistance. Considering the exceptional circumstances I find myself in, I kindly request you to review my request for a temporary reduction of the loan payment amount. I propose that the payment be reduced to an amount that is reasonably proportionate to my current financial capacity, enabling me to fulfill my obligations without undue financial hardship. Although I understand that this may not be a regular practice, I believe my consistent payment history and commitment to honoring my financial responsibilities make this a fair and justified consideration. I solemnly assure you that this request is temporary and specific to my current situation. I remain committed to the original terms and conditions of the loan and am dedicated to resuming regular payments as soon as my financial circumstances improve. Furthermore, I kindly request your prompt attention to this matter and ask that you communicate your decision in writing within [reasonable time period, e.g., 14 days]. You're understanding and support during these challenging times would greatly alleviate my financial burden and allow me to focus on rebuilding my stability. Thank you for considering my request. If you require any additional information or documentation, please do not hesitate to contact me at [phone number] or [email address]. I appreciate your attention to this matter and eagerly await your favorable response. Yours sincerely, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.