Hi everyone,
First time poster here, but great site! I spoke to my bank regarding financial hardship and requested an evaluation. They sent me a financial statement to fill in and return, so I decided I will send it back including this letter. I would appreciate any observations and suggestions for improving it.
Many Thanks
Dear Sir or Madam,
Re. Your reference XXXXXXXX
Roll Number: D/XXXXXXXX & D/XXXXXXXX
Thank you for your letter dated 08/01/09
I appreciate that the legal case regarding bank fees is still in progress and that at present there is a stay in place preventing consumers to seek compensation until a verdict has been reached. But as you have also mentioned in your letter, the stay can be removed due to financial hardship. I have contacted the FSA and feel I qualify for financial hardship due to my circumstances.
I am a full-time student and as such I am not currently working. I am supported by a loan from the LEA but as you can see from my financial statement it does not meet the most basic of my requirements. Whilst I am currently seeking employment it is proving difficult considering the current financial climate. Even if I am successful in achieving employment, it will be a long time before I can consider myself in a safe financial position. As you can see from the current balance in my current account, I do not have enough money to meet next month’s rent demands (February) and will have to seek a short-term loan to compensate, the interest (2331% - Wonga) of which will further negatively influence my financial position. This is currently the only method of financial support I am eligible for due to my weak credit history.
I have enclosed a completed financial statement at your request. As I have mentioned previously, you can see my income does not cover my priority expenses. I have not included any luxuries in this statement. I have also included information of 2 large non-priority debts. Whilst they are non-priority, I have to begin making payments towards them in the near future to avoid legal proceedings.
Therefore I request you pay all the default charges that have been applied to my accounts from the date of their creation. From the records you have sent to me I have concluded the following:
The charges total at:
D/XXXXXXXX - £687.00
D/XXXXXXXX - £?
I also request the charges that are due to be removed from my account D/XXXXXXXX on 01/01/09 and 02/01/09. The total of these charges is £56.00. The cancellation of these charges would also be acceptable. I also request the return or cancellation of any fees due to affect my account D/XXXXXXXX.
I look forward to a response to this letter within 14 days.
Yours Sincerely,