This is a hardship letter addressed to the lender. In this letter, the addressor/borrower apologises for delaying the loan payment and explains the delay. Additionally, the borrower encloses a budget for future expenditure and revenue to ensure the lender that they would be able to make prompt payment.
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This is a hardship letter addressed to the lender. In this letter, the addressor/borrower apologises for delaying the loan payment and explains the delay. Additionally, the borrower encloses a budget for future expenditure and revenue to ensure the lender that they would be able to make prompt payment.
This letter can be used when there was a delay/omission in making prompt loan payments.
The amount, date of receipt, customer's name and address should be mentioned in the letter. You can customise the letter to suit your circumstances by choosing the appropriate reason for the delay. Moreover, you should attach a budget or any supporting documents to this letter.