Credit Card Hardship Letter (Free Sample)
Use these sample credit card hardship letters as templates for your formal hardship letter.
Last updated on September 19th, 2021
Sample 1 - Credit Card Hardship Letter
Crystal Phillips
71 Comanche Lane
Chillicothe, Ohio 45601
DATE
First One Credit Card
90890 Worthington-Galena Rd.
Worthington, Ohio 43081
Re: 4456-0987-0934-7687
To Whom It May Concern:
I am writing regarding the above listed credit card. As you can see from reviewing the records, this card is a few months past due. I had a perfect payment history until I lost my job about 4 months ago.
While I do receive unemployment, it is not nearly enough to pay the mounting debt I have. However, it is my desire to get this account current and to be in good standing.
My credit card is racking up tons of charges for late payments and interest. I want to close this account out but still make payments on it. Would it be acceptable to pay $50 a month until this bill is paid off?
I know that sometimes the credit card company can suspend the past due amounts, make the account current and put it on a payment plan. Is this possible for my account? If not, I would be interested in anything that you could do to help.
Please contact me at your earliest convenience to discuss this account further. I can be reached anytime at 614-895-0345. I appreciate your prompt attention to this matter.
Sincerely,
Crystal Phillips
Sample 2 - Credit Card Hardship Letter
Name of Consumer
Address of Consumer
City, State, Zip Code
DATE
Name of Credit Card Company
Address of Credit Card Company
City, State, Zip Code
RE: Reduced Payment on Credit Card Number NUMBER
Dear Name of Creditor:
This letter is a formal request to reduce my monthly payments on the above credit card account. I am temporally unemployed as I lost my job as a high school science teacher on DATE. However, I have a new job that starts in three months.
I am currently making $50 payments each month and respectfully request that my payments be reduced to $20 for four months until DATE, at which time I will continue making full payments. I also request that my credit score is not adversely affected by this.
I would appreciate your help in this matter, as I sincerely want to honor my debt and will faithfully resume regular payments at the above-mentioned time. Thank you for your consideration of my request. If you have any questions, I can be reached at Phone Number or Email Address.
Sincerely,
Signature of Consumer
Printed Name of Consumer
Sample 2 - Credit Card Hardship Letter
Name of Consumer
Address of Consumer
City, State, Zip Code
DATE
Name of Credit Card Company
Address of Credit Card Company
City, State, Zip Code
RE: Reduced Payment on Credit Card Number NUMBER
Dear Name of Creditor:
This letter is a formal request to reduce my monthly payments on the above credit card account. I am temporally unemployed as I lost my job as a high school science teacher on DATE. However, I have a new job that starts in three months.
I am currently making $50 payments each month and respectfully request that my payments be reduced to $20 for four months until DATE, at which time I will continue making full payments. I also request that my credit score is not adversely affected by this.
I would appreciate your help in this matter, as I sincerely want to honor my debt and will faithfully resume regular payments at the above-mentioned time. Thank you for your consideration of my request. If you have any questions, I can be reached at Phone Number or Email Address.
Sincerely,
Signature of Consumer
Printed Name of Consumer
Sample 3 - Credit Card Hardship Letter
Name of Consumer
Address of Consumer
City, State, Zip Code
DATE
Name of Credit Card Company
Address of Credit Card Company
City, State, Zip Code
RE: Reduced Payment on Credit Card Number NUMBER
Dear Name of Creditor:
This letter is to formally request a reduction in payments on my debt for the next six months. I request to pay AMOUNT starting on DATE and beginning the normal payments on DATE. I have every intention of paying my debt, but am not able to make the usual payments at this time.
I lost my teaching job because of financial cut-backs in my school district. I am well-qualified for teaching biology and hope to have another job within six months. I am looking in two other school districts near where I live.
Because I have every intention of paying my debt, I would like to request that you not give it to a collection agency. I need to maintain my credit rating.
I hope to receive a favorable reply in writing within the next two weeks. If you have any questions or would like any more information about my situation, I can be reached at Phone Number or at Email Address.
Thank you for your kind consideration in my time of difficulty.
Sincerely,
Signature of Consumer
Printed Name of Consumer
By Andre Bradley
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