[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Request for Extension of Time on Promissory Note — [Loan Agreement Number] Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on the promissory note I have with [Lender's Name] for the loan amount of [Loan Amount]. As a responsible borrower, I understand the importance of fulfilling my financial obligations in a timely manner, but due to unforeseen circumstances, I am unable to meet the current deadline of [Original Due Date]. I regret to inform you that I am facing temporary financial difficulties caused by [briefly explain the reasons such as loss of employment, medical emergency, familial obligations, business setbacks, etc.]. These challenges, which are beyond my control, have impacted my ability to repay the loan according to the agreed terms. Given the circumstances, I would greatly appreciate your understanding and cooperation in granting me an extension of [Extension Duration]. This additional time will enable me to stabilize my financial situation and ensure that I can fulfill my promise to repay the loan amount in full. To demonstrate my commitment to honoring this debt, I would like to propose the following alternative arrangements: 1. Extended Repayment Schedule: I request the extension of the loan term by [Extension Duration] months to provide me with ample time to make the necessary payments without jeopardizing my financial stability. 2. Revised Repayment Plan: If possible, I kindly request a reassessment of the repayment plan to accommodate my current financial capabilities. This may include lowering the monthly installment or adjusting the interest rate to ensure my affordability in repaying the loan. 3. Partial Payment: If expanding the loan term or modifying the repayment plan is not feasible, I am willing to make a partial payment of [Partial Payment Amount]. Although it may not settle the entire outstanding amount, it demonstrates my willingness to fulfill my obligations and mitigate any further delays. I assure you that this extension request is not a reflection of my willingness to repay my debts but is solely based on the temporary financial challenges I am currently facing. I value the relationship we have built thus far and sincerely intend to honor my commitment as soon as my circumstances improve. Furthermore, I kindly request your prompt attention to this matter and would be grateful for a written confirmation of the extension granted and any revised terms that need to be agreed upon. Please provide me with the necessary documentation to formalize this extension. Thank you very much for your time and understanding. I am confident that together we can find a solution that benefits both parties involved. In the meantime, please feel free to contact me at the provided phone number or email address to discuss further details. Yours sincerely, [Your Name]
Colorado Sample Letter for Request for Extension of Time on Promissory Note
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How to fill out Sample Letter For Request For Extension Of Time On Promissory Note?
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FAQ
When writing a letter for an extension of time, start by including your contact information at the top, followed by the date and the recipient's information. Clearly state your request in the opening paragraph, then explain your situation in the subsequent sections. Ensure you mention the promissory note’s specifics and propose a new deadline. Utilizing a Colorado Sample Letter for Request for Extension of Time on Promissory Note can streamline your writing process.
To request a time extension, start by addressing the key party involved directly and stating your request clearly. Describe your reasons for needing the extra time, and provide specific details related to your promissory note. It helps to suggest a new timeline that works for both parties. Referring to a Colorado Sample Letter for Request for Extension of Time on Promissory Note can assist you in crafting a precise and effective letter.
I hereby write to inform you that I will not be able to pay the fees of (Semester/Year) due to (salary issues/some other emergency payments). I promise that I shall pay the fees by (Date and Month), and there will be no delay in the same.
How to write a leave extension letterCheck your company's leave extension rules.Include date, name and address.Add the name and address of the recipient.Add a subject line.Add a salutation.Refer to your original leave status.Explain the reason for the extension.Specify the duration of the extension.More items...?
Dear Sir. RE: Request for extension time in paying fee. I am Santos, a student of Avenue Park School and I am writing to request for an extension of time in paying up the school dues that I have not been able to clear due to unavoidable circumstances back at home.
(Cordially describe your greetings). We will try our best to make the payment on time and apologize for the inconvenience caused to you. I ask you to consider my request for postponement of the last day for the advance payment of the money promised according to the deal signed between us and your company (date).
The financial condition of my family has become quite uncertain and unstable. As a result of this, I have not been able to pay my school fee for the month of May and June, 2019. Kindly give my family a time period of two weeks. I shall be able to pay the fee by July 2, 2019.
Dear Sir. RE: Request for extension time in paying fee. I am Santos, a student of Avenue Park School and I am writing to request for an extension of time in paying up the school dues that I have not been able to clear due to unavoidable circumstances back at home.
My next specify payment will be due on , 20 . Due to an unexpected emergency that has occurred, I will be unable to make this payment by the date I am requesting an extension of time to make this payment.
I respectfully ask for permission to pay my fees a week or two after the due date. My father had passed away many years ago and my mother is unable to work full time, so my siblings and I are the earners of the house and we each have part-time jobs. (Explain the actual problem and situation).
