Consent Signature Service Hardship Letter For Free

Acceptable Documentation Lost Employment. ? Unemployment Compensation Statement. (Note: this satisfies the proof of income requirement as well.) ? Termination/Furlough letter from Employer. ? Pay stub from previous employer with.

Detail is critical and it should be noted which assets were liquidated when and exactly how much was put into the business. You should explain your current sources of income and if you expect the amount to change soon. Some assets and liabilities are self-explanatory such as credit cards and auto loans.

To Whom It May Concern: I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working with us to modify our loan.

I have fallen behind on my payments because my income has dropped considerably since (month) and I can no longer afford the terms of the original loan. Enclosed you will find some documents and statements that will substantiate my present economic situation.

When you write the hardship letter, don't include anything that would hurt your situation. Here are some examples of things you shouldn't say in the letter: Don't say that your situation is your lender's fault or that their employees are jerks. Don't state that things will likely turn around for you.

Your hardship letter should include the following essential steps: Write an introduction. ... Detail your hardship. ... Highlight how you're being proactive about your financial situation. ... State your request. ... Provide assurance of financial recovery. ... Submit supporting documentation.

Tips for Writing a Hardship Letter Keep it original. ... Be honest. ... Keep it concise. ... Don't cast blame or shirk responsibility. ... Don't use jargon or fancy words. ... Keep your objectives in mind. ... Provide the creditor an action plan. ... Talk to a Financial Coach.