Sample Letter to Contact Creditors About Financial Hardship

[Name of Company]
[Address of the company]
Date:
[Your account number]

Dear Sir/Madam,

I am currently facing certain financial difficulties and might not be able to make the monthly payment to you. I do not want to apply for bankruptcy and would like to try on a different payment plan so that I do not default on your account.

This is a strategy that might be acceptable to you. [Give a strategy that you are considering]

[Talk about your financial trouble only as required for official purposes]

I am sure you will agree to this plan or may suggest your own. You can always let your representatives call me and finalize the executable strategy.

If you cannot adjust to the plan then I fear that I have to default on this account. I do intend to pay and really need your cooperation in this matter.

Thank you for your cooperation.

Yours Sincerely,
[Name]
[Sign]