Subject: Request for Extension of Time on Promissory Note — Seeking a Favorable Arrangement Dear [Lender's Name], I hope this letter finds you in good health and high spirits. I am writing to request an extension of time on the promissory note related to [provide relevant details regarding the loan, such as the loan amount, purpose, and date of agreement], which I entered into with your esteemed institution on [date of agreement]. I regret to inform you that due to unforeseen circumstances, I am facing financial challenges that have affected my ability to make the scheduled payments as outlined in the promissory note. Furthermore, I have reviewed my financial situation diligently, and I firmly believe that an extension of time will allow me to fulfill my obligations responsibly without jeopardizing my future payments. In light of this situation, I kindly request an extension of [state the desired length of the extension, such as 60 days] to provide me with the necessary time to organize my finances and meet my obligations. I assure you that this extension is not something I take lightly, but rather a measure I consider crucial to maintaining my financial credibility. Furthermore, I would like to highlight that I have always diligently adhered to my financial commitments in the past. This unforeseen setback is solely due to a temporary disruption and does not reflect my intention to default on the loan. I am confident that with the extension, I will be able to resume regular payments promptly. To demonstrate my commitment to resolving this matter, I am willing to discuss any terms or conditions that you believe would be mutually beneficial. I aim to arrive at an arrangement that is fair to both parties and eases any concerns you may have regarding the loan repayment. I kindly request your understanding and positively consider my request for an extension of time on the promissory note. Furthermore, I am eager to work with you to find a solution that meets both our needs. Furthermore, I believe that with your assistance, stability in my financial situation can be restored. Thank you for your attention to this matter. I look forward to your prompt response and anticipate a favorable resolution that aligns with my current situation. Please feel free to contact me at [your contact information] to discuss further details or to arrange a meeting at your convenience. Yours sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number]
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.