Subject: Request for Extension of Time on Promissory Note — South Carolina Edition Dear [Lender's Name], I hope this letter finds you in good health. I am writing to inform you that I am unable to meet the payment deadline outlined in the promissory note dated [insert date] regarding our financial agreement. Due to unforeseen circumstances [briefly explain the situation], I am currently facing financial difficulties which have made it challenging for me to fulfill my loan obligations within the original agreed-upon timeframe. I am diligently working to resolve this matter; however, I kindly request your understanding and assistance by granting me an extension of time on the promissory note. As a resident of South Carolina, I am aware of my legal rights as a borrower and understand the importance of addressing this matter promptly. Therefore, I wish to initiate an amicable resolution by proposing the following terms for an extension: 1. Extended Payment Date: I kindly request an extension of [number of days/weeks/months] for the payment deadline, allowing me sufficient time to gather the necessary funds to fulfill my obligation. 2. Payment Schedule: If granted an extension, I am willing to make [describe proposed payment schedule — monthly or bi-weeklinstallmentsts, etc.] to ensure the timely repayment of the owed amount. I assure you that I will make every effort to adhere to this schedule. 3. Additional Interest or Fees: If any additional interest or fees are incurred due to the extension, I am willing to discuss and reach a mutually beneficial agreement that will reflect the extension's impact on the final repayment amount. I understand that your decision to grant an extension rests solely with you, but I believe that extending the deadline will result in a satisfactory resolution for both parties. I value our relationship and believe that open communication and flexibility can bring about a fair solution. Please inform me of your decision as soon as possible. For your convenience, I have provided my contact information below: [Your Name] [Address] [City, State, ZIP] [Phone number] [Email address] Thank you for your attention to this matter. I genuinely appreciate your understanding and flexibility during this challenging time. I am confident that we can arrive at a reasonable solution that aligns with the promissory note and applicable South Carolina regulations. Sincerely, [Your Name]
South Carolina Sample Letter for Request for Extension of Time on Promissory Note
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How to fill out South Carolina Sample Letter For Request For Extension Of Time On Promissory Note?
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FAQ
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.
This is to express in writing my inability to pay on time the amount due for my tuition fees amounting to P. I promise to pay said amount on or before . Furthermore, I am fully aware that subsequent Promissory Notes shall not be accepted without settling my current due amount.
I am writing this letter to request you to extend the submission period of fee payment by a (week/month/quarter), which is from // (Date) to // (Date). The reason behind the extension of my fee payment is (reason for requesting extension).
(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).
At its most basic, a promissory note should include the following things:Date.Name of the lender and borrower.Loan amount.Whether the loan is secured or unsecured. If it's secured with collateral: What is the collateral?Payment amount and frequency.Payment due date.Whether the loan has a cosigner, and if so, who.
This is to express in writing my inability to pay on time the amount due for my tuition fees amounting to P. I promise to pay said amount on or before . Furthermore, I am fully aware that subsequent Promissory Notes shall not be accepted without settling my current due amount.
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...?
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.
The basic contents of a letter of commitment include the following details:Names and addresses of the borrower and lender.The type of loan applied for.The loan amount.The agreed upon loan repayment period.The interest rate for the loan.Date of lock expiration (if the loan is locked in) for the interest rate.More items...
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.
