Sample Financial Hardship Letter Template (Page 2 of 4) in pdf

Sample Financial Hardship Letter Template Page 2

3. The requested change to the contract

I/we request the following change to my/our contract:

A reduction of the amount of each repayment to $x per week/fortnight/month. This change is requested for [number]

months. The term of the loan will be extended and any arrears will be added to the loan (capitalised). AND/OR

Postponing the repayment due on / / so that it is now due on / / . AND/OR

Postponing the repayments due between / / and / / and extending the term of the loan.

In support of my application, I/we provide the following income and expenditure details:

Current income is $x per week/fortnight/month

Current major expenses are:

Car: $x per week/fortnight/month

Other loan repayments: $x per week/fortnight/month

I/we assume that you will not continue to charge default fees, default interest or make an adverse credit report listing

while my/our hardship request is being considered.

As can be seen from the above information, I/we will be able to discharge my/our obligations under the above contract

if you agree to the proposed change. I/we ask that you consider this application as a matter of urgency.

I/we await your reply in writing within 21 days of the date of this letter.

Yours sincerely

[Your signature]

[Your name]

Sample Financial Hardship Letter Template Page 2