03/20/2020
I hope this Letter helps someone out there with their Car Payments during this COVID - 19 Exposure.
[Your Full Name]
[Your Full Street Address]
[Your City, State Zip]
[Your Telephone Number]
[Your Email Address]
March 18, 2020
[Name of Auto Loan Company]
[Auto Loan Company’s Street Address]
[Auto Loan Company’s City, State Zip]
VIA U.S.P.S. CERTIFIED MAIL/RETURN RECEIPT REQUESTED
Re: Request for auto loan relief due to COVID-19 (coronavirus) pandemic
Account number [type loan or account # here]
To [Name of Auto Loan Company]:
On 3/11/2020, the World Health Organization designated COVID-19 as a pandemic. In a short period, in the US, over 6,223 cases and over 100 deaths have been reported. Many companies and schools have closed due to COVID-19 cases or exposures.
I have suffered a substantial loss of income related to COVID-19. Unfortunately, my loss of income will negatively affect my ability to timely pay my car payment in full. Please let me know if you will waive late fees and accept partial auto loan payments. I understand that your temporary acceptance does not waive your rights or remedies. Please know that I intend to make up any payment difference within 90 days or less. Please refrain from any negative credit reporting during this limited hardship period. It is my hope that I am able to supplement my income to get my payments current. In light of this, please do not proceed in any repossession actions due to any default.
Thank you in advance for your attention to this matter.
Sincerely,
[Sign here]
[Your Full Name]
Thank me Later ✌🏾