How To Write A Financial Need Letter College . You need to outline the need for the money; Advise customer/debtor late in paying. FREE 12+ Appeal Letter Templates in MS Word Apple Pages Google Docs from www.sampletemplates.com Sometimes this financial need statement isn’t for an external scholarship. You need to be explicit here and straight to the point too. It is generally best to keep letters as short and concise as possible while still communicating the necessary information.