How Do You Write A Hardship Letter To Credit Card Companies?
For those who have fallen on hard times and have difficulty paying off their credit card bills, writing a letter of hardship is one way to alleviate the burden of debt. Because a credit card settlement may reflect negatively on your credit score, writing a letter of hardship should only be considered as a last resort. Write down what you are asking for in the first line of your letter. Be exact. If you are asking for a settlement of your credit card debt, for example, write down what percentage of your total debt you would like forgiven. Keep your requests reasonable; avoid asking for total debt forgiveness, as this is less likely to be accepted by the credit card company. Explain the cause of your hardship. Describe the change in circumstances which have left you unable to pay your credit card bills, such as job loss, home foreclosure or death in the family. Personalize the letter with important details, but try to be succinct. Make copies of important documents that can verify your h
