[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Creditor's Name] [Creditor's Address] [City, State, ZIP Code] Subject: Request for Temporary Reduction of Loan Payment Amount Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the temporary reduction of the loan payment amount associated with my [type of loan] loan. I have been a loyal customer of [Creditor's Name] for [number of years], and I deeply value our ongoing relationship. As you may be aware, due to unforeseen circumstances, specifically [briefly explain the circumstances such as job loss, medical issues, financial hardship, etc.], I am currently facing significant financial challenges that have severely impacted my ability to meet my monthly loan payment obligations promptly. In light of these circumstances, I kindly request that you consider temporarily reducing the loan payment amount for a period of [specify duration, such as six months]. During this time, I assure you that I will diligently make the revised payments consistently. By doing so, I intend to demonstrate my commitment to honor my obligations and eventually return to the regular payment schedule as per the loan agreement. To support my request, I have included relevant financial documentation that clearly shows my current financial situation. These documents include [list the documents, such as bank statements, income statements, medical bills, redundancy notice, etc.]. I would like to emphasize that my intention is not to evade payment but rather to request temporary relief, enabling me to regain financial stability without defaulting on my loan. I hope that [Creditor's Name] understands and empathizes with my situation and can provide the support I need during this challenging time. Furthermore, I understand that this request for temporary reduction of loan payment amount may require certain adjustments to my loan agreement. Therefore, I request that you provide me with a written response outlining any modifications to the loan agreement, terms, and conditions, if applicable. Please note that I am open to discussing any alternative solutions to address this matter promptly. I sincerely appreciate your prompt attention to this matter and your consideration of my request. I believe that with your assistance, I can overcome this temporary financial burden and resume our previous positive borrower-creditor relationship. Furthermore, I look forward to your favorable response and appreciate your understanding in this matter. Please do not hesitate to reach me at [your phone number] or [your email address] should you require any further information or discuss this matter in more detail. Thank you for your time and consideration. 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.