Bexar Texas Sample Letter for Request to Creditor for Temporary Reduction of Loan Payment Amount

• Category: Letters - Loans and Lending - Payment Reductions
• State: Multi-State
• County: Bexar
• Control #: US-0277LR
• Format: Word; Rich Text

Description

Sample Letter for Request to Creditor for Temporary Reduction of Loan Payment Amount Dear [Creditor's Name], I hope this letter finds you in good health. I am writing to you with regard to my loan account [loan account number] with your esteemed institution. Due to unforeseen circumstances, I find myself in a temporary financial struggle and am unable to make my monthly loan payments in full. I am a resident of Bexar, Texas, where I have lived and worked for the past [number of years]. Bexar County, located in the beautiful Hill Country of Texas, is known for its rich history and vibrant community. While Bexar County is home to bustling cities such as San Antonio, it also encompasses serene rural areas, offering its residents a diverse range of living options. As a responsible borrower, I have been diligently fulfilling my loan obligations until recently. Unfortunately, [provide a brief explanation of the current financial difficulties you are facing]. These circumstances have significantly impacted my income, making it extremely challenging to meet all my financial commitments, including my loan repayment. In light of this situation, I kindly request your understanding and assistance. I am earnestly seeking a temporary reduction in the monthly payment amount for a period of [duration you are seeking]. This would give me the necessary breathing room to stabilize my financial situation and get back on track with regular payments. I assure you that this is not a request to waive or eliminate my debt but merely a temporary adjustment until I can regain financial stability. I am committed to fulfilling my obligations and will resume making regular payments as soon as my financial situation improves. Furthermore, I have reviewed my budget thoroughly and honestly, and I believe that a reduction in my monthly payment amount of [proposed reduced amount] would be manageable for me during this difficult time. By providing me with this temporary relief, you will be enabling me to avoid potential default or delinquency on the loan, which would be mutually beneficial for both parties involved. I understand that you may require additional documentation or evidence to support my request, and I am more than willing to provide any information necessary to facilitate this process. I value our customer relationship and hope that you will consider my sincere plea for temporary loan payment reduction. Thank you for your attention to this matter. I kindly request a prompt response, as I am eagerly awaiting your favorable decision. Please feel free to contact me at [your contact number] or [your email address] if you require any further information or documents. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Loan Account Number]

Dear [Creditor's Name], I hope this letter finds you in good health. I am writing to you with regard to my loan account [loan account number] with your esteemed institution. Due to unforeseen circumstances, I find myself in a temporary financial struggle and am unable to make my monthly loan payments in full. I am a resident of Bexar, Texas, where I have lived and worked for the past [number of years]. Bexar County, located in the beautiful Hill Country of Texas, is known for its rich history and vibrant community. While Bexar County is home to bustling cities such as San Antonio, it also encompasses serene rural areas, offering its residents a diverse range of living options. As a responsible borrower, I have been diligently fulfilling my loan obligations until recently. Unfortunately, [provide a brief explanation of the current financial difficulties you are facing]. These circumstances have significantly impacted my income, making it extremely challenging to meet all my financial commitments, including my loan repayment. In light of this situation, I kindly request your understanding and assistance. I am earnestly seeking a temporary reduction in the monthly payment amount for a period of [duration you are seeking]. This would give me the necessary breathing room to stabilize my financial situation and get back on track with regular payments. I assure you that this is not a request to waive or eliminate my debt but merely a temporary adjustment until I can regain financial stability. I am committed to fulfilling my obligations and will resume making regular payments as soon as my financial situation improves. Furthermore, I have reviewed my budget thoroughly and honestly, and I believe that a reduction in my monthly payment amount of [proposed reduced amount] would be manageable for me during this difficult time. By providing me with this temporary relief, you will be enabling me to avoid potential default or delinquency on the loan, which would be mutually beneficial for both parties involved. I understand that you may require additional documentation or evidence to support my request, and I am more than willing to provide any information necessary to facilitate this process. I value our customer relationship and hope that you will consider my sincere plea for temporary loan payment reduction. Thank you for your attention to this matter. I kindly request a prompt response, as I am eagerly awaiting your favorable decision. Please feel free to contact me at [your contact number] or [your email address] if you require any further information or documents. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Loan Account Number]