9+ Hardship Letter Sample Template with Examples [Word]

A​‍​‌‍​‍‌​‍​‌‍​‍‌ Hardship Letter Template is essentially a humane tool that guides a person in revealing his or her financial, medical, or personal troubles to those, such as lenders, employers, landlords, or institutions. Besides, it invites the person to seek help, mercy, or permission if he/she wish to. Such templates make sure that your communication with them will be polite, proper, and convincing. In addition, the prepared text portions help to narrate problems, share properties, and suggest answers, which thus makes the work less complicated and relieves part of the stress that comes with writing an important letter from the beginning.

Hardship Letter Template

A Hardship Letter Template is equipped with sections that prompt the user to share his or her financial or personal struggles. In this way, individuals get assisted with drafting letters in which they clearly state their needs for support, extensions, or relief.

Uses

  • To apply for a loan alteration or request lower installments.
  • Requesting a rent extension or a lease adjustment.
  • Providing an institution medical or financial hardship explanation.
  • Requesting forgiveness for missed deadlines or obligations.
  • Application for tuition or fee extensions.

Benefits

  • Gives an individual a well-organized and structured plan to follow.
  • Enables the presenter to communicate sensitive matters in a respectful manner.
  • Enhances efficiency by offering turn-key formats.
  • Improves the probability of getting approvals or relief.
  • Assures that the crucial information is communicated in the best possible way.

FAQs

What is a Hardship Letter Template?

It is a preformatted paper that is used when a person or a family is undergoing financial or life-related difficulties and is writing a letter to ask for help or relief.

Who mostly writes hardship letters?

Hardship letters are mostly written by the likes of homeowners, tenants, students, employees, and borrowers.

Is it possible for me to edit the Hardship Letter Template?

Yes, you can adjust every field to reflect your particular circumstance.

What is the content of the hardship letter?

The letter must contain an explanation of your hardship, supporting evidence, and what you think is the best solution.

Are there times when a hardship letter is necessary for loan modification?

In most instances, yes, as it makes the lender have a better grasp of the borrower’s ​‍​‌‍​‍‌​‍​‌‍​‍‌situation.