Jump to content

"Hardship Letter" advice

Recommended Posts

So Amex is asking for a "hardship letter" with my settlement offer for credit card debt. Should I be worried about what I put in this letter? If it's a settlement offer, will it be admissible in court even though I'm not negotiating with attorneys?

Also, why do they want this letter when I'm trying to negotiate a debt settlement?

Any help would be most appreciated! Thanks.

Link to comment
Share on other sites

They are asking for a hardship letter because you are asking for a reduced settlement. They are assuming you need to pay a reduced amount because you are experiencing financial hardship.

Whatever you say in the letter should be the truth. Should you default on your agreement and there's a need to take you to court, the letter may come up again.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.