Free Family Loan Forgiveness Letter Template
Family Loan Forgiveness Letter
Sep. 3, 2055
Edgar Spencer
Virginia Beach, VA 23450
Dear Edgar Spencer,
I hope this letter finds you well. I am writing to address the family loan you generously extended to me on March 10, 2055. I deeply appreciate your support during a challenging time and remain grateful for your generosity.
At present, the outstanding balance on the loan is $8,200, while I have repaid $12,500 of the total amount. Given the ongoing financial difficulties I am facing, repaying the remaining amount has become increasingly unfeasible.
This request for forgiveness is made with considerable thought and understanding of the potential impact on you. I hope you can appreciate the challenging nature of my situation and recognize the significant repayments already made.
Forgiving part or all of the remaining balance would greatly alleviate my financial burden. I understand this request requires careful consideration, and I am prepared to discuss this matter in more detail at your earliest convenience.
Thank you for considering my request. I look forward to the possibility of discussing this further and am available to meet at a time that suits you.
Sincerely,
[Your Name]
[Your Email]
