Credit Card Hardship has been an ongoing problem in this country for the last several decades. Credit card companies makes vast sums of money off crazy interest and large hardship fees. The one trump card we have as consumers in this country is bankruptcy, which scares credit card companies because we can claim a hardship with a hardship letter and the credit card companies would get nothing. Of course we’d have to declare bankruptcy, which no one wants to do, so just use it as a threat to get a better deal. Credit Card Hardship.
Your Credit Card Name
Your Credit Card Address
Credit Card Phone
Credit Card Fax number
Re: Financial Hardship
I am forced to inform you of my present financial delinquency and ask for a settlement of fifty to sixty percent of my balance.
I have had a considerable drop in my income during the past 3 months and with the high interest of the credit card, I can no longer keep up with my payments.
Enclosed you’ll find my personal financial documents and bank statements showing my current financial hardship along with the same for the previous two years which will reflect the difference in my income justifying the hardship I am undergoing.
Once I am informed in writing of your decision to accept my offer of $300, the total payment will be mailed to you in 5 business days.
At this time, I am making similar arrangements and negotiations with my other creditors to avoid having to file for personal bankruptcy.
I request that you consider my proposal compassionately and I shall very much appreciate any effort you may make to help me in this regard.
If you wish to discuss further in this settlement offer, I am available at (your phone number)
Thank you very much for your time and consideration.
(Your Account #)