Mississippi Sample Letter for Agreement to Extend Debt Payment

• Category: Letters - Nonlegal - Agreements
• State: Multi-State
• Control #: US-0052LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

Subject: Agreement to Extend Debt Payment — Mississippi Sample Letter Dear [Creditor's Name], I hope this letter finds you well. I am writing to discuss and propose an extension to the payment terms on my current debt. Due to unexpected financial circumstances, I find myself facing temporary difficulties in honoring the original payment arrangement. I reside in the beautiful state of Mississippi and have been committed to meeting my financial obligations in a timely manner. However, unforeseen circumstances such as sudden medical expenses and reduced income have significantly impacted my ability to make the agreed-upon payments within the given timeframe. In order to rectify this situation while maintaining my commitment to fulfilling the debt, I kindly request your cooperation in extending the repayment period. I have thoroughly assessed my financial situation, and based on an in-depth analysis, I am confident that I will be able to meet the extended payment terms. By supporting this request, you will not only enable me to clear the outstanding debt, but also demonstrate your understanding of my situation and willingness to provide necessary assistance during this challenging time. To summarize the proposed extension, I kindly request the following modifications to the original repayment plan: 1. Extension Duration: I propose extending the payment period by [specify the desired extension period, e.g., three months]. 2. Revised Monthly Installment: Considering my current financial state, I suggest revising the monthly installment amount to [specify the revised amount, e.g., EX]. This amount aligns with my current income and will ensure that I can meet my obligations sustainably. I believe that this extension will allow me to overcome the immediate financial constraints and successfully honor my debt commitment to you. The Mississippi sample letter for the agreement to extend debt payment outlined above is a transparent approach that aims to preserve the positive relationship we have built over the years. Finally, I would like to express my sincere gratitude for your understanding and consideration during this challenging time. I remain committed to promptly resuming the original payment schedule once the extended period ends. To further discuss and finalize the terms of this agreement, please feel free to contact me at your earliest convenience. Thank you for your time and cooperation. Yours faithfully, [Your Name] [Your Address] [City, State, ZIP] [Phone Number] [Email Address] Other types of Mississippi sample letters for agreement to extend debt payment include: — Mississippi sample letter for agreement to extend business loan payment — Mississippi sample letter for agreement to extend mortgage payment — Mississippi sample letter for agreement to extend credit card payment.