[Mr./Mrs./Ms./Dr.] [FIRST AND LAST NAME]
[ADDRESS]
[CITY], [STATE] [ZIP CODE]
Dear [FIRST NAME],
Families are the only people you can turn to in time of need. It has always bothered me that so many friends disappear the minute you ask for help. During tough times, you really find out who your friends are.
Because of pride, I have not told you the extent of my troubles. I thought things would be better by now and that my feet would be back on the ground. But collection calls have become routine, and I’m afraid to go to my mail box.
Sleep doesn’t come easily as my mind races. I wanted to call and tell you this, but I could not work up the courage. I need your help to get through this. If you could spare $[AMOUNT OF LOAN], it would get some of these people off my back so I could concentrate on my future. You have my promise that you’ll have the money back in [DURATION OF LOAN IN MONTHS] months. I am even willing to sign a promissory note to make you feel more at ease. Should you decide not to lend me the money, I understand. I’m sorry I have put you in this position, but I don’t have anywhere else to turn. Think about it, and let me know either way.
Sincerely yours,
[NAME]
