1. Sample Overtime Explanation Letter
Whenever you write a creditor to describe your late obligations (mortgage, vehicle, or charge card),
the letter should condition:
• your reason for late, (see paragraph one of the letter below)
• how serious looking fulfilling your resolve for them (paragraph 2 from the letter below), and
• whenever you be prepared to have the ability to resume full and regular obligations, (paragraph 3
from the letter below),
• what you would like from their store (paragraph 4 from the letter below)
• the financial particulars of the difficulty (paragraph 5 from the letter below)
Below is really a sample overtime explanation letter. Change it out to explain your personal
conditions, but make certain that you simply enclose copies of monetary documents like: bank
account claims, tax statements (past 2 yrs), all bills from creditors, all late notices, pink slip, other
things which will prove your difficulty.
Cindy R. Williams
9 Turnbill Ct.
Anywhere, USA 55555
To: ABC Mortgage
Re: Late Obligations Account # 12345678
Daytime telephone number: (555)555-5555
I'm writing tell you of my recent financial difficulty. I had been let go from my job at Abc Company right
before Christmas of 2008. I'm faithfully seeking other employment, but you may already know, tasks
are scarce in present day economy. I haven't found anything yet. Being unemployed has triggered me
to become late on my small bills.
In my opinion in effort and also have never been with no employment for over a couple of several
weeks. Until this unfortunate event, I've maintained a good payment history along with you.
Let me pay everything I owe. I take my obligations very seriously and intend to continue regular and
full obligations the moment I've found employment.
I expect my situation to become temporary and even discuss loan forbearance. I'd also appreciate
any suggestions you may have that will assist me to recover.
Please discover the enclosed spreadsheet of my monthly expenses, in addition to copies of monetary
documents, my pink slip from Abc Co, and late notices I've received throughout my financial setback.
I am delivering those to show that i'm indeed going through financial difficulty. This letter and all sorts
of documents attached are true and accurate to the very best of my understanding.
Appreciate your time and effort. I really hope to know what you think soon.
Sincerely,
Signature/Date
Forbearance is definitely an agreement with a creditor to lessen or delay obligations for any number
of months. Interest accrues throughout forbearance and can improve your amount borrowed. The

2. positive thing is that you won't need to pay late costs and penalties. There's no bad impact on your
credit either.
make money writing articles