Sample Late cost Explanation Letter

Loans For Bad Credit - Sample Late cost Explanation Letter

When you write a creditor to explain your late payments (mortgage, car, or prestige card), the letter should state:

why you are late, (see paragraph 1 of the letter below) how serious you are about fulfilling your commitment to them (paragraph 2 of the letter below), and when you expect to be able to resume full and quarterly payments, (paragraph 3 of the letter below), what you want from them (paragraph 4 of the letter below) the financial details of your hardship (paragraph 5 of the letter below)

Sample Late cost Explanation Letter

Below is a sample late cost explanation letter. Turn it to retell your own circumstances, but make sure that you enclose copies of financial documents like: checking account statements, tax returns (past two years), all bills from creditors, all late notices, pink slip, anything else that will prove your hardship.

Sample Late cost Explanation Letter

Cindy R. Williams

9 Turnbill Ct.

Anywhere, Usa 55555

To: Abc Mortgage

Re: Late Payments; account # 12345678

Daytime phone number: (555)555-5555

I am writing to familiarize you of my new financial hardship. I was laid off from my job at Xyz enterprise just before Christmas of 2008. I am diligently seeking other employment, but as you know, jobs are scarce in today's economy. I have not found anything yet. Being out of work has caused me to be late on my bills.

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