Hardship Also found in:Dictionary,Thesaurus,Medical,Acronyms,Encyclopedia,Wikipedia. Afinancialor personal need that must be addressed. For example, one may make ahardship withdrawalfrom aretirement accountin order to pay for unexpected medical bills one may not be able toaffordotherwise. Likewise, on...
We have owned our home for fifteen years and are reaching out to you to find a way to remain in it while we pass through these difficult times. We are committed to paying everything we owe. We simply need relief on the monthly payment amount until our situation improves. Thank you for ...
Starting Your Letter 1 Explore your other options first. Writing a hardship letter may not always be the best solution. Before beginning your hardship letter, consider whether this is the best option for your situation. There may be an alternative that would work better for you. For example,...
You must qualify to withdraw by meeting the conditions your plan imposes in keeping with Internal Revenue Service (IRS) guidelines. For example, you may have to demonstrate how urgent the situation is and prove you have no other resources. ...