Letter to Contact Creditors

[Your Name]
[Your Address]
[City, State ZIP Code]
[Date]

[Creditor Name]
[Address]
[City, State ZIP Code]

Dear Sir/Madam:

I am writing to request your consideration in working with me regarding my account number [ACCOUNT NUMBER] with your organization.

I have been a customer of yours for [NUMBER] years and have always made a sincere effort to meet my financial obligations. However, due to [REASON FOR HARDSHIP - job loss, medical emergency, reduction in income, etc.], I am currently experiencing financial difficulties and am unable to make my regular monthly payment of $[AMOUNT].

I value my relationship with your company and would like to continue to work with you. I am requesting that you consider one of the following options:

• A temporary reduction in my monthly payment to $[PROPOSED AMOUNT] for [NUMBER] months
• A modified payment plan with an extended repayment period
• A settlement of this account for less than the full amount owed

I am committed to resolving this matter and maintaining a positive relationship with your company. I am available to discuss this matter at your earliest convenience and can be reached at [YOUR PHONE NUMBER].

I look forward to hearing from you within 15 business days regarding your willingness to work with me on this matter.

Sincerely,

[Your Name]
[Your Signature]