During financial crises or financial hardships, a person faces tough time to finance his or her expenses, business, studies, etc. To request for some kind of financial relaxation, financial hardship cover letters are written. This letter states the current situation of the financial hardships of the sender.
Sample Financial Hardship Cover Letter
Great Apartments, House number 32
Main Victory Street
6th June 2014
Subject: Financial hardship cover letter
Dear Mr. Paul,
I am writing this letter to explain you my current set of financial hardships that has made me delinquent in paying you the monthly rentals. Due to current recession in the industry, I have been laid off from my job in the month of April due to which, it is becoming impossible for me to manage with the daily expenses.
I realise that it is lack of conduct on my behalf that I did not provide you with the 4 months of rent against your property but I am in serious problems. My savings are just enough to fulfil the family needs and the children’s school fees. I kindly request you to please give me some time and I will clear all the payment. I am working and trying hard to earn a job for myself and I assure you that I would pay the rent as soon as possible.
I sincerely hope for your kind cooperation during this difficult time of my financial hardships. Once again I am really sorry for the inconvenience caused.