[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Name of Financial Institution] [Address] [City, State, ZIP Code] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request an extension of time on the promissory note dated [date of promissory note], regarding the loan account number [loan account number]. Due to unforeseen circumstances, I am currently facing some financial setbacks and need additional time to fulfill my obligation as per the terms of the promissory note. I have encountered unexpected medical expenses and a temporary loss of employment, which have significantly affected my ability to meet the scheduled repayment deadline on [due date]. I want to assure you that despite the current challenges, I am fully committed to honoring my financial responsibilities. To this end, I kindly request an extension of [number of days/weeks/months] to allow for a more realistic timeframe within which I can successfully fulfill my obligation under the promissory note. I understand that any extension granted will be subject to the institution's policies and terms. Therefore, I am willing to accept any revised terms, such as an adjustment in interest rate or an increase in the installment amount, to accommodate the extension request. I am also open to discussing alternative arrangements that would suit both parties involved. I apologize for any inconvenience caused and truly appreciate your understanding and consideration in this matter. Furthermore, I genuinely appreciate the flexibility and support your institution offers its customers, and I believe that a short extension will enable me to overcome these temporary financial hurdles and remain in good standing. To facilitate the process further, I have attached supporting documents detailing my current financial circumstances, such as recent bank statements, medical bills, and proof of unemployment. These documents provide a comprehensive overview of my situation and substantiate the need for an extension. I kindly request your prompt attention to this matter and would be grateful if you could communicate your decision regarding my request within [reasonable time frame]. If granted, I am committed to promptly resuming regular payments as per the revised schedule as soon as I regain stability in my financial situation. Thank you for your time, consideration, and understanding. Should you require any additional information or documentation, please do not hesitate to contact me at [phone number] or via email at [email address]. I am eager to work together with your institution to find a mutually beneficial solution. 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.