[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Subject: Colorado Sample Letter for Agreement to Extend Debt Payment Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss an important matter regarding the repayment of my outstanding debt. Due to unforeseen financial circumstances, I am experiencing temporary difficulties in making the scheduled payments on time. However, I am committed to honoring my debt and would like to formally request an agreement to extend the debt payment period. As a resident of Colorado, I understand the significance of maintaining a good credit standing and ensuring timely payments. In light of this, I would like to propose the following terms for a mutually beneficial debt extension: 1. Amount of Debt: [Specify the total amount of debt owed.] 2. Original Payment Terms: [State the original payment terms agreed upon.] 3. Requested Extension Period: [Specify the desired extension period, e.g., an additional six months.] 4. Revised Payment Schedule: [Provide a detailed proposed payment schedule for the extended period.] 5. Interest and Fees: [Specify whether the interest or any additional fees will apply during the extension period.] 6. Assurances: [Affirm your commitment to fulfilling the extended payment obligations.] 7. Contact Information: [Provide your contact information for any further correspondence or clarification.] I kindly request you to carefully consider this proposal and respond to me within [mention a reasonable timeframe, i.e., 10 days] with your decision. If you have any counteroffers or suggestions, I am open to discussing them. I value the relationship we have established throughout this debt repayment process, and I genuinely intend to fulfill my financial obligations. I believe that with an extended payment period, I can successfully overcome my temporary setback and satisfy the debt in compliance with our agreement. To formalize this agreement and ensure both parties are protected, I propose executing a written agreement that embodies the mutually accepted terms. Should you require any legal documentation or assistance in preparing this extension agreement, I am willing to bear the costs associated with necessary professional services. Please find enclosed copies of my recent financial statements that will provide comprehensive details about my current situation. I urge you to examine this information, which demonstrates my sincerity in finding a reasonable resolution. I appreciate your understanding and cooperation during this challenging time. Furthermore, I am confident that together, we can find a solution that benefits both parties involved. Thank you for your attention to this matter, and I eagerly await your prompt response. Yours sincerely, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.