Credit Letters to
Creditors

Letter to Creditor Stating Financial Hardship and Inability to Pay

Write this type of letter when you are notifying a creditor that you have experienced a financial hardship that has caused you to be unable to pay the amount owed on your account. Include relevant details, such as your account number and account balance.

[Your letterhead, if desired; if not, your return address]

[Date of letter-month, day, and year]

[Recipient's first and last names]
[Company name]
[Street or P.O. box address]
[City, State ZIP code]

Dear [recipient's name]:

I am writing regarding my account number 233288 with your company, which currently has a balance owed of $497.35. As a result of unemployment and financial hardship, I am unable to make payments on this account. I have every intention of resuming payments as soon as my financial situation improves.

Please contact me if you have any comments or questions. Thank you for your attention to this matter.