If you are looking to write a credit card hardship letter, these examples just may be right for you.  Included in this article are multiple samples that you can use.  This page is also printable, so you can print off the forms for reference or to use as resources later on.  Let’s dive into the examples right now.


NOTE:  On all examples given you must add your contact information before you send in the forms.  You should also include the name and contact information of the credit card company you are writing to.  In addition to all of this, you should print off and sign them if you will be using mail to send them in.  if sending electronically, you will not need to sign them – just type in your name.


Example 1 – Reduction of Balance


I am writing you because I am experiencing extreme financial hardship and would like to ask for reduction in the amount I owe on my bills. 

I have gathered up all of my old statements and made copies for you to review.  As you will see, the total of all charges on this account are $5000.  I have missed payments and been assessed fees, which I fully understand given the circumstances. However, in order for me to be able to pay off these amounts, I am asking you to eliminate any further interest and all past late fees and penalties.  My total balance is now over $8000, after only charging $5000 on the credit cards.

I am asking for a debt settlement on my account with your company.  I have a family member that is willing to borrow me $5000 if you will agree to this.  You will still get your money back,  along with the interest I have already paid on the account in one lump sum, in exchange for the forbearance of the penalties.  I feel this would be a fair debt settlement for both parties.

I look forward to hearing from you about my offer. 

Thank you for your time and consideration.


In this sample credit card hardship letter, you have asked the company to simply give you a forbearance on the late fees and penalties you have accrued, with an offer to pay off the balance.  This is commonly referred to as a debt settlement and is an effective way to limit the amount of money you owe and have to pay on your balances.  Be sure to adjust this example so it fits your needs.  More samples of credit card hardship letters are available.


Example 2 – Decrease in Interest Rates



I am writing you this financial hardship letter in hopes that you will help me pay off my credit card balances quickly.  I am not asking you to eliminate any of my debt, but would like to have my interest rates decreased, so I can afford to make the minimum payments and keep my account out of collection, and to keep from filing bankruptcy.

I lost my job about 6 months ago.  I am able to collect unemployment, but it only pays two-thirds of what I was making before.  I have now fallen behind on my bills.  By getting a reduction in my interest, say to 7%, I feel I could still afford to get you your money each month and keep my account current.   You will still make interest off me and I can avoid bankruptcy.

I would ask that you consider this offer carefully.  I am available to speak to a representative of your company by phone or email at any time.


In the sample provided, the hardship letter to the credit card company was simply asking for a reduction in interest rates.  This can be a very effective method to decrease your payments, so you can pay off your balances quickly.  It is not something that any company is likely to not at least consider, since they will still get their payments each month and make some interest money.   This doesn’t mean they will automatically accept your offer, but it will at least give you a fighting chance of having success with you hardship letter that you write to the credit card companies you owe money.


Example 3 – No Payments for 6 Months




I am experiencing extreme financial hardship that is making it impossible to make my credit card payments each month.  I have struggled for months now, but have made all of my payments to you on time.   I am not asking for a debt settlement or a handout, but would like to get some type of help. 

I was hoping you could allow me to skip 6 payments, without penalty.  I fully understand that interest rates will apply to the balance.  In 6 months’ time, I will be in a much more secure financial situation and should not be going through so much hardship.  I  am set to receive a settlement from a lawsuit.  Both parties have agreed on terms, so it will be complete soon.

The lawsuit stems from an accident I was in.  I have lost my ability to work fulltime, which is why I am struggling so much now.  When I receive my settlement, I will either pay the balance in full, or resume making payments.  If late penalties are added over that timeframe, my bills will skyrocket, and I may not be able to afford to pay off the balance.

Thank you for your time and consideration.  I look forward to hearing from you to discuss this offer.


In this sample hardship letter to credit card companies, you are simply asking for some time to get caught back up, so you can resume making payments.  You have not asked for a lot – simply the ability to skip some payments without penalty, so you can get back on your feet again.  This is an effective example that you can use to give you some time to get things in your life squared away.  This is a very effective credit card hardship letter that you can use.