Hardship Letters

Almost everyone faces some sort of financial hardship at least once in his or her life. In some cases, a person’s financial troubles may be so great that it may require drastic actions in order for that person to get out of debt and have a chance at a fresh financial start. Many people have suffered greatly in the recent economic recession, and if you are at risk of losing your home to repossession, you may be able to have your loan payments reduced by sending your lender a hardship letter. This is a letter that explains to your bank or other lender why you are having trouble making payments, and requests a modification to your loan or payment plan.

Bankruptcy can be a very trying time in your life, but we want you to know that you are not alone. At the Harmon Law Office, LLC, our Arizona bankruptcy lawyers are dedicated to helping you take control of your finances and get out of debt once and for all. To schedule an initial consultation, call us today at 480-829-0494.

Reasons for a Hardship Letter

A hardship letter does not guarantee that your lender will decrease your payments, but it can help. Some of the most common reasons for sending a hardship letter include:

• Death in the family
• Unemployment
• Recent medical condition or disability keeping you from working
• Medical bills
• Required military service

Sending a hardship letter to your lender is just one option for dealing with financial difficulties. To learn more about your options at this time, contact an experienced bankruptcy attorney today.

Contact Us

Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC, today at 480-829-0494 to learn more about how you could benefit from sending a hardship letter to your lender.