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]
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.