hardship letter
Borrower's distress document
A hardship letter is a formal written statement explaining financial difficulties to a lender, creditor, or institution.
Borrowers write hardship letters when seeking loan modifications, short sales, or debt relief, documenting circumstances like job loss, medical emergencies, or divorce that prevent normal payments: The bank required a hardship letter before considering the mortgage modification.
- financial hardshipSevere money difficulties
- financialRelating to money
- struggleLabored effort against resistance
- job lossInvoluntary departure from work
- mortgageSecured home loan
foreclosure · short sale · plea · appeal · documentation · creditor · lender · debt · circumstance · unemployment · medical · illness · medical bills · bankruptcy · delinquent · forbearance · modification · compassion
hardship letterproof of income
Documentation showing earnings
financial statement · bank statement · pre-approval letter · credit report · net worth statement
hardship letterpayment plan
Arranged installment schedule
collection letter · credit application · mortgage approval · payment agreement · payment confirmation
hard, harder, hardest, harden, hardened, hardening, hardness, hardly, hardships