Financial Hardship Letter Template – Australia

The Financial Hardship Letter Template – Australia is provided in multiple formats, including PDF, Word, and Google Docs. These formats are fully customizable and ready for printing, ensuring they cater to your specific requirements.

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Financial Hardship Letter Template – Australia

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(PDF – 1) (PDF – 2)

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1. Applicant Information



2. Date of Letter

3. Recipient Information

4. Subject

5. Introduction

6. Explanation of Financial Hardship

7. Current Financial Situation

8. Request for Assistance

9. Supporting Documentation

10. Closing Statement

11. Signature Declaration


PDF

WORD

Examples

Financial Hardship Letter Template – Australia (1)
To:
[Creditor’s Name]
[Creditor’s Address]
[Creditor’s Contact Number]
From:
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email]
Date:
[Date]
Subject:
Request for Financial Hardship Assistance
Dear [Creditor’s Name],
I am writing to formally request assistance due to financial hardship. Unfortunately, due to [briefly describe the circumstances leading to financial hardship, e.g., loss of job, medical bills], I am unable to meet my current financial obligations.
Details of Hardship:
1. The nature of my hardship includes [specific details of the situation].
2. As a result, my income has decreased/lost, and I am struggling to keep up with my commitments, including my payments to you.
Request for Assistance:
Given my current financial situation, I kindly request a review of my account and consider the following options:
1. A payment plan that is more manageable during this time.
2. A temporary suspension or reduction of my payments.
3. Any other assistance you may offer to alleviate my current situation.
Supporting Documents:
I have attached the necessary documentation to support my claim, including [list any relevant documents, e.g., termination letter, medical bills].
Conclusion:
I appreciate your understanding and consideration of my request. I hope we can work together to find a suitable solution that allows me to cope with this difficult situation.
Thank you for your attention to this matter.
Sincerely,
[Your Signature (if sending a hard copy)]
[Your Printed Name]
Financial Hardship Letter Template – Australia (2)
To:
[Creditor’s Name]
[Creditor’s Address]
[Creditor’s Contact Number]
From:
[Your Name]
[Your Address]
[Your Phone Number]
[Your Email]
Date:
[Date]
Subject:
Request for Financial Hardship Consideration
Dear [Creditor’s Name],
I am writing to you concerning my current financial situation, which has been adversely affected by [describe the specific details of the hardship, such as significant health issues, family emergencies, etc.].
Impact of Hardship:
Due to these unforeseen circumstances, I have encountered difficulties making my regular payments. My financial position has resulted in [describe the specific impact, such as the inability to pay bills, providing for family, etc.].
Request for Modification:
I respectfully request that you consider my circumstances and allow for adjustments to my repayment terms.
Some possible options could include:
1. A reduced monthly payment.
2. A temporary pause on payments.
3. A restructuring of my existing debt obligations.
Attached Evidence:
Included with this letter are copies of [list documents that serve as evidence of your hardship, e.g., financial statements, medical records, etc.].
Your Support:
I sincerely hope for your compassion and understanding as I navigate this challenging time and look forward to your positive response.
Thank you for your help.
Yours sincerely,
[Your Signature (if sending a hard copy)]
[Your Printed Name]

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PDF – 1 PDF – 2

Financial Hardship Letter Template - Australia